4//SEC Filing
Rozdilsky Nicholas 4
Accession 0001235468-21-000133
CIK 0001235468other
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 7:27 AM ET
Size
20.3 KB
Accession
0001235468-21-000133
Insider Transaction Report
Form 4
Rozdilsky Nicholas
Vice President, Marketing
Transactions
- Exercise/Conversion
Restricted Stock Grant
2021-08-01−12,500→ 12,500 totalExp: 2022-08-01→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2021-08-01+7,118→ 25,868 total
Holdings
- 10,792
Employee Stock Option
Exercise: $6.11Exp: 2028-12-04→ Common Stock (10,792 underlying) - 22,008
Employee Stock Option
Exercise: $6.69Exp: 2029-12-03→ Common Stock (22,008 underlying) - 7,292
Employee Stock Option
Exercise: $6.95Exp: 2028-08-01→ Common Stock (7,292 underlying) - 9,187
Employee Stock Grant
Exp: 2024-01-01→ Common Stock (9,187 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) - 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) - 2,100
Employee Stock Grant
Exp: 2023-01-01→ Common Stock (2,100 underlying)
Footnotes (13)
- [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.
- [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.
- [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.
Documents
Issuer
LIQUIDITY SERVICES INC
CIK 0001235468
Entity typeother
Related Parties
1- filerCIK 0001774016
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 7:27 AM ET
- Size
- 20.3 KB