LIQUIDITY SERVICES INC — Director's Dealing 2021

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2021-02-05

Reporting Person: ELLIS GEORGE H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-05	Common Stock	S	29000	$17.67	Disposed	19491	Direct
2021-02-08	Common Stock	M	13304	$9.75	Acquired	32795	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Stock Option	$9.84	M	19050	Disposed	2025-02-01	Common Stock (19050.0)	Direct
2021-02-08	Stock Option	$9.75	M	10684	Disposed	2027-02-01	Common Stock (10684.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1160	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$42.31	2022-02-01	Common Stock (5328.0)	5328	Direct
Stock Option	$40.11	2023-02-01	Common Stock (5954.0)	5954	Direct
Stock Option	$21.53	2024-02-01	Common Stock (13144.0)	13144	Direct
Stock Option	$6.29	2026-02-01	Common Stock (44192.0)	44192	Direct
Restricted Stock Grant	$	2022-02-01	Common Stock (4655.0)	4655	Direct

Footnotes

F1: The reporting person exercised 29,734 stock options on a share withhold basis. 16,430 shares were withheld to cover the cost of the options resulting in a net amount of 13,304 shares acquired.

F2: The reporting person exercised a total of 29,734 options, 19,050 of which had an exercise price of $6.84 and 10,684 of which had an exercise price of $9.75.

F3: George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.

F4: Represents the exercise of stock options.

F5: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

F6: These restricted stock units vest on February 1, 2022.