Form Type: 4

SEC EDGAR Link
Accession Number:0001235468-21-000133
Date:2021-08-01
Issuer: LIQUIDITY SERVICES INC (LQDT)
Original Submission Date:

Reporting Person:

ROZDILSKY NICHOLAS
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUITE 200 BETHESDA, MD 20814

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-08-01 M 7,118 a $0.00 25,868 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK GRANT 0.0 2021-08-01 deemed execution date M 12,500 (d) 2022-08-01 common stock 25,000 $0.00 12,500 direct
EMPLOYEE STOCK OPTION 6.95 deemed execution date 0 ( ) 2028-08-01 common stock 7,292 $6.95 7,292 direct
EMPLOYEE STOCK GRANT 0.0 deemed execution date 0 ( ) 2023-01-01 common stock 2,100 $0.00 2,100 direct
EMPLOYEE STOCK OPTION 6.11 deemed execution date 0 ( ) 2028-12-04 common stock 10,792 $6.11 10,792 direct
EMPLOYEE STOCK GRANT 0.0 deemed execution date 0 ( ) 2024-01-01 common stock 9,187 $0.00 9,187 direct
EMPLOYEE STOCK OPTION 6.69 deemed execution date 0 ( ) 2029-12-03 common stock 22,008 $6.69 22,008 direct
EMPLOYEE STOCK OPTION 9.46 deemed execution date 0 ( ) 2030-12-01 common stock 38,800 $9.46 38,800 direct
EMPLOYEE STOCK OPTION 9.46 deemed execution date 0 ( ) 2030-12-01 common stock 38,800 $9.46 38,800 direct
EMPLOYEE STOCK GRANT 0.0 deemed execution date 0 ( ) 2025-01-01 common stock 7,000 $0.00 7,000 direct
EMPLOYEE STOCK GRANT 0.0 deemed execution date 0 ( ) 2025-01-01 common stock 7,000 $0.00 7,000 direct
Footnotes
IDfootnote
f1 represents the net issuance of 7,118 shares from the vesting of 12,500 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 5,382 shares. the reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. shares withheld represent an exempt transaction pursuant to section 16b-3(e). no shares were sold by the reporting person.
f2 each restricted stock unit is the economic equivalent of one share of liquidity services, inc. common stock.
f3 represents the vesting of restricted stock units.
f4 twenty-five percent of this restricted stock grant vested on august 1, 2019 and thereafter, an additional 1/4th will vest on each of august 1, 2020, august 1, 2021, and august 1, 2022.
f5 twenty-five percent of this option grant vested on august 1, 2019 and thereafter, an additional 1/48th will vest each month for thirty-six months.
f6 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.
f7 15/48th of this option grant vested on january 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
f8 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.
f9 12/48th of this option grant vested on january 1, 2021 and, thereafter, an additional 1/48th vests each month for thirty-six months.
f10 this option grant becomes exercisable, if at all, based on the issuer's achievement of certain stock price appreciation milestones.
f11 12/48th of this option grant will vest on january 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
f12 these restricted stock units vest, if at all, based on the issuer's achievement of certain stock price appreciation milestones.
f13 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.
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