4//SEC Filing
Rozdilsky Nicholas 4
Accession 0001235468-21-000114
CIK 0001235468other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:58 PM ET
Size
24.8 KB
Accession
0001235468-21-000114
Insider Transaction Report
Form 4
Rozdilsky Nicholas
Vice President, Marketing
Transactions
- Sale
Common Stock
2021-05-12$27.83/sh−3,087$85,911→ 18,750 total - Exercise/Conversion
Employee Stock Option
2021-05-11−2,158→ 10,792 totalExercise: $6.11Exp: 2028-12-04→ Common Stock (2,158 underlying) - Exercise/Conversion
Employee Stock Option
2021-05-11−25,900→ 0 totalExercise: $6.11Exp: 2028-12-04→ Common Stock (25,900 underlying) - Exercise/Conversion
Common Stock
2021-05-11$6.11/sh+21,441$131,005→ 21,837 total
Holdings
- 22,008
Employee Stock Option
Exercise: $6.69Exp: 2029-12-03→ Common Stock (22,008 underlying) - 38,800
Employee Stock Option
Exercise: $9.46Exp: 2030-12-01→ Common Stock (38,800 underlying) - 7,000
Employee Stock Grant
Exp: 2025-01-01→ Common Stock (7,000 underlying) - 25,000
Employee Stock Option
Exercise: $6.95Exp: 2028-08-01→ Common Stock (25,000 underlying) - 9,187
Employee Stock Grant
Exp: 2024-01-01→ Common Stock (9,187 underlying) - 18,750
Restricted Stock Grant
Exp: 2022-08-01→ Common Stock (18,750 underlying) - 2,100
Employee Stock Grant
Exp: 2023-01-01→ Common Stock (2,100 underlying) - 7,000
Employee Stock Grant
Exp: 2025-01-01→ Common Stock (7,000 underlying) - 29,200
Employee Stock Option
Exercise: $6.69Exp: 2029-12-03→ Common Stock (29,200 underlying) - 38,800
Employee Stock Option
Exercise: $9.46Exp: 2030-12-01→ Common Stock (38,800 underlying)
Footnotes (14)
- [F1]The reporting person exercised 28,058 stock options on a share withhold basis. 6,617 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 21,441 shares acquired.
- [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]This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- [F12]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.
- [F13]These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- [F14]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.
- [F2]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Represents the exercise of stock options.
- [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]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.
- [F9]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.
Documents
Issuer
LIQUIDITY SERVICES INC
CIK 0001235468
Entity typeother
Related Parties
1- filerCIK 0001774016
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:58 PM ET
- Size
- 24.8 KB