4//SEC Filing
Lutz Michael 4
Accession 0001628280-19-006752
CIK 0001235468other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 4:58 PM ET
Size
31.2 KB
Accession
0001628280-19-006752
Insider Transaction Report
Form 4
Lutz Michael
VP, Human Resources
Transactions
- Award
Common Stock
2019-05-10$6.61/sh+13,395$88,541→ 13,395 total(indirect: By 401(k))
Holdings
- 43,605
Common Stock
- 5,526
Employee Stock Option
Exercise: $10.41Exp: 2025-05-15→ Common Stock (5,526 underlying) - 7,939
Employee Stock Option
Exercise: $6.63Exp: 2025-12-22→ Common Stock (7,939 underlying) - 3,620
Employee Stock Grant
Exp: 2025-12-22→ Common Stock (3,620 underlying) - 1,985
Employee Stock Option
Exercise: $6.63Exp: 2026-03-24→ Common Stock (1,985 underlying) - 905
Employee Stock Grant
Exp: 2026-10-01→ Common Stock (905 underlying) - 4,950
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (4,950 underlying) - 2,475
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (2,475 underlying) - 2,950
Employee Stock Option
Exercise: $8.30Exp: 2027-03-03→ Common Stock (2,950 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) - 840
Employee Stock Grant
Exp: 2027-12-11→ Common Stock (840 underlying) - 10,880
Employee Stock Option
Exercise: $4.47Exp: 2027-12-11→ Common Stock (10,880 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) - 4,500
Employee Stock Grant
Exp: 2028-12-04→ Common Stock (4,500 underlying) - 27,800
Employee Stock Option
Exercise: $6.11Exp: 2028-12-04→ Common Stock (27,800 underlying) - 27,800
Employee Stock Option
Exercise: $6.11Exp: 2028-12-04→ Common Stock (27,800 underlying) - 984
Employee Stock Option
Exercise: $38.09Exp: 2022-11-16→ Common Stock (984 underlying) - 4,151
Employee Stock Option
Exercise: $21.99Exp: 2023-11-27→ Common Stock (4,151 underlying)
Footnotes (16)
- [F1]These options became fully vested on October 1, 2016.
- [F10]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.
- [F11]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.
- [F12]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.
- [F13]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.
- [F14]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.
- [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.
- [F2]These options became fully vested on October 1, 2017.
- [F3]These options became fully vested on October 1, 2018.
- [F4]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.
- [F5]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- [F6]Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
- [F7]This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- [F8]These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- [F9]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.
Documents
Issuer
LIQUIDITY SERVICES INC
CIK 0001235468
Entity typeother
Related Parties
1- filerCIK 0001774710
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 4:58 PM ET
- Size
- 31.2 KB