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4//SEC Filing

Rozdilsky Nicholas 4

Accession 0001235468-21-000124

CIK 0001235468other
View on SEC.govCompany Profile

Filed

Jun 9, 8:00 PM ET

Accepted

Jun 10, 4:07 PM ET

Size

25.3 KB

Accession

0001235468-21-000124

Insider Transaction Report

Form 4
Period: 2021-06-08
LIQUIDITY SERVICES INCLQDT
Rozdilsky Nicholas
Vice President, Marketing
Transactions
  • Exercise/Conversion

    Common Stock

    2021-06-08$6.69/sh+34,415$230,236→ 53,165 total
  • Sale

    Common Stock

    2021-06-09$24.84/sh−4,415$109,669→ 18,750 total
  • Sale

    Common Stock

    2021-06-08$25.69/sh−30,000$770,700→ 23,165 total
  • Exercise/Conversion

    Employee Stock Option

    2021-06-08−17,708→ 7,292 total
    Exercise: $6.95Exp: 2028-08-01→ Common Stock (25,000 underlying)
  • Exercise/Conversion

    Employee Stock Option

    2021-06-08−29,200→ 0 total
    Exercise: $6.69Exp: 2029-12-03→ Common Stock (29,200 underlying)
Holdings

  • Employee Stock Option

    Exercise: $9.46Exp: 2030-12-01→ Common Stock (38,800 underlying)
    38,800

  • Employee Stock Grant

    Exp: 2023-01-01→ Common Stock (2,100 underlying)
    2,100

  • Employee Stock Option

    Exercise: $9.46Exp: 2030-12-01→ Common Stock (38,800 underlying)
    38,800

  • Employee Stock Grant

    Exp: 2025-01-01→ Common Stock (7,000 underlying)
    7,000

  • Employee Stock Option

    Exercise: $6.69Exp: 2029-12-03→ Common Stock (22,008 underlying)
    22,008

  • Employee Stock Grant

    Exp: 2025-01-01→ Common Stock (7,000 underlying)
    7,000

  • Restricted Stock Grant

    Exp: 2022-08-01→ Common Stock (18,750 underlying)
    18,750

  • Employee Stock Grant

    Exp: 2024-01-01→ Common Stock (9,187 underlying)
    9,187

  • Employee Stock Option

    Exercise: $6.11Exp: 2028-12-04→ Common Stock (10,792 underlying)
    10,792
Footnotes (15)
  • [F1]The reporting person exercised 46,908 stock options on a share withhold basis. 12,493 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 34,415 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 grant 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.
  • [F12]This option grant becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  • [F13]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.
  • [F14]These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  • [F15]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]The reporting person exercised a total of 46,908 options, of which 17,708 had an exercise price of $6.95 and 29,200 of which had an exercise price of $6.69.
  • [F3]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  • [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]Represents the exercise of stock options.
  • [F6]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.
  • [F7]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.
  • [F8]15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
  • [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

1 file

Issuer

LIQUIDITY SERVICES INC

CIK 0001235468

→
Entity typeother

Related Parties

1
  • filerCIK 0001774016

Filing Metadata

Form type
4
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 4:07 PM ET
Size
25.3 KB
View on SEC.gov