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LIQUIDITY SERVICES INC — Director's Dealing 2021
May 14, 2021
32353_dirs_2021-05-14_75a6d53c-aa2d-4ad1-a3a6-8c7daeabbb49.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2021-05-12
Reporting Person: Daunt John (Chief Commercial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-05-12 | Common Stock | S | 6066 | $29.66 | Disposed | 62676 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Grant | $ | 2027-10-01 | Common Stock (1656.0) | 1656 | Direct |
| Employee Stock Grant | $ | 2021-10-01 | Common Stock (2014.0) | 2014 | Direct |
| Employee Stock Grant | $ | 2023-01-01 | Common Stock (1675.0) | 1675 | Direct |
| Employee Stock Option | $6.11 | 2028-12-04 | Common Stock (14033.0) | 14833 | Direct |
| Employee Stock Option | $6.11 | 2028-12-04 | Common Stock (10400.0) | 10400 | Direct |
| Employee Stock Grant | $ | 2024-01-01 | Common Stock (12225.0) | 12225 | Direct |
| Employee Stock Option | $6.58 | 2029-04-29 | Common Stock (10458.0) | 10458 | Direct |
| Employee Stock Option | $6.58 | 2029-04-29 | Common Stock (11667.0) | 11667 | Direct |
| Employee Stock Grant | $ | 2023-05-01 | Common Stock (7500.0) | 7500 | Direct |
| Employee Stock Option | $6.69 | 2029-12-03 | Common Stock (33681.0) | 33681 | Direct |
| Employee Stock Option | $6.69 | 2029-12-03 | Common Stock (38950.0) | 38950 | Direct |
| Employee Stock Grant | $ | 2025-01-01 | Common Stock (30000.0) | 30000 | Direct |
| Employee Stock Option | $9.46 | 2030-12-01 | Common Stock (61200.0) | 61200 | Direct |
| Employee Stock Option | $9.46 | 2030-12-01 | Common Stock (61200.0) | 61200 | Direct |
| Employee Stock Grant | $ | 2025-01-01 | Common Stock (11050.0) | 11050 | Direct |
| Employee Stock Grant | $ | 2025-01-01 | Common Stock (11050.0) | 11050 | Direct |
Footnotes
F1: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F2: These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F3: Twenty-five percent of this restricted stock unit grant vested on April 1, 2019 and thereafter, an additional 1/4th vests on each of July 1, 2019, October 1, 2020, and October 1, 2021.
F4: Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
F5: These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F6: 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F7: Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F8: 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F9: Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
F10: 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F11: These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the issuer.
F12: 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F13: This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F14: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F15: Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.