4//SEC Filing
Lutz Michael 4
Accession 0001235468-20-000019
CIK 0001235468other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:45 PM ET
Size
35.3 KB
Accession
0001235468-20-000019
Insider Transaction Report
Form 4
Lutz Michael
VP, Human Resources
Transactions
- Exercise/Conversion
Employee Stock Grant
2020-01-02−1,125→ 3,375 totalExp: 2022-10-01→ Common Stock (4,500 underlying) - Exercise/Conversion
Common Stock
2020-01-02+729→ 48,577 total
Holdings
- 13,395(indirect: By 401(k))
Common Stock
- 5,526
Employee Stock Option
Exercise: $10.41Exp: 2018-10-01→ Common Stock (5,526 underlying) - 4,950
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (4,950 underlying) - 27,800
Employee Stock Option
Exercise: $6.11Exp: 2028-12-04→ Common Stock (27,800 underlying) - 4,800
Employee Stock Grant
Exp: 2024-01-01→ Common Stock (4,800 underlying) - 11,500
Employee Stock Option
Exercise: $6.69Exp: 2029-12-03→ Common Stock (11,500 underlying) - 2,950
Employee Stock Option
Exercise: $8.30Exp: 2020-10-01→ Common Stock (2,950 underlying) - 560
Employee Stock Grant
Exp: 2021-10-01→ Common Stock (560 underlying) - 16,320
Employee Stock Option
Exercise: $4.47Exp: 2027-12-11→ Common Stock (16,320 underlying) - 4,500
Employee Stock Grant
Exp: 2028-12-04→ Common Stock (4,500 underlying) - 4,800
Employee Stock Grant
Exp: 2024-01-01→ Common Stock (4,800 underlying) - 11,500
Employee Stock Option
Exercise: $6.69Exp: 2029-12-03→ Common Stock (11,500 underlying) - 984
Employee Stock Option
Exercise: $38.09Exp: 2016-10-01→ Common Stock (984 underlying) - 7,939
Employee Stock Option
Exercise: $6.63Exp: 2019-10-01→ Common Stock (7,939 underlying) - 1,985
Employee Stock Option
Exercise: $6.63Exp: 2026-03-24→ Common Stock (1,985 underlying) - 1,237
Employee Stock Grant
Exp: 2020-10-01→ Common Stock (1,237 underlying) - 4,151
Employee Stock Option
Exercise: $21.99Exp: 2017-10-01→ Common Stock (4,151 underlying) - 2,950
Employee Stock Option
Exercise: $8.30Exp: 2027-03-03→ Common Stock (2,950 underlying) - 672
Employee Stock Grant
Exp: 2027-12-11→ Common Stock (672 underlying) - 27,800
Employee Stock Option
Exercise: $6.11Exp: 2022-10-01→ Common Stock (27,800 underlying) - 10,880
Employee Stock Option
Exercise: $4.47Exp: 2021-10-01→ Common Stock (10,880 underlying)
Footnotes (18)
- [F1]Represents the net issuance of 729 shares from the vesting of 1,125 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 396 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.
- [F10]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.
- [F11]18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
- [F12]Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.
- [F13]15/48th of this option grant vested on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- [F14]Represents the vesting of restricted stock.
- [F15]Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022.
- [F16]15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- [F17]Twenty-five percent of this restricted stock grant will vest on January 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.
- [F18]12/48th of this option grant will vest on January 1, 2021 and, thereafter, 1/48th of the option grant will vest each month for thirty-six months.
- [F2]These options became fully vested on October 1, 2016.
- [F3]These options became fully vested on October 1, 2017.
- [F4]These options became fully vested on October 1, 2018.
- [F5]Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- [F6]This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- [F7]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- [F8]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.
- [F9]Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
Documents
Issuer
LIQUIDITY SERVICES INC
CIK 0001235468
Entity typeother
Related Parties
1- filerCIK 0001774710
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:45 PM ET
- Size
- 35.3 KB