LIQUIDITY SERVICES INC — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2021-01-01

Reporting Person: Weiskircher Steven (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-01	Common Stock	M	3425	—	Acquired	22175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-01	Employee Stock Grant	$	M	3425	Disposed	2024-01-01	Common Stock (13700.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$9.46	2030-12-01	Common Stock (48250.0)	48250	Direct
Employee Stock Option	$9.46	2030-12-01	Common Stock (48250.0)	48250	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (8700.0)	8700	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (8700.0)	8700	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (32750.0)	32750	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (32750.0)	32750	Direct
Employee Stock Grant	$	2024-01-01	Common Stock (13700.0)	13700	Direct
Employee Stock Grant	$	2023-09-30	Common Stock (75000.0)	75000	Direct
Employee Stock Grant	$	2023-09-01	Common Stock (56250.0)	56250	Direct

Footnotes

F1: Represents the vesting of restricted stock units.

F2: This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F3: 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.

F4: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

F5: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F6: 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.

F7: This option becomes 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.

F8: 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.

F9: 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.

F10: Twenty-five percent of this restricted stock 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.

F11: Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.