Lutz Michael 4

4 · LIQUIDITY SERVICES INC · Filed May 14, 2019

Insider Transaction Report

Form 4

Period: 2019-05-10

LIQUIDITY SERVICES INCLQDT

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

Common Stock
43,605
Employee Stock Option
Exercise: $10.41Exp: 2025-05-15→ Common Stock (5,526 underlying)
5,526
Employee Stock Option
Exercise: $6.63Exp: 2025-12-22→ Common Stock (7,939 underlying)
7,939
Employee Stock Grant
Exp: 2025-12-22→ Common Stock (3,620 underlying)
3,620
Employee Stock Option
Exercise: $6.63Exp: 2026-03-24→ Common Stock (1,985 underlying)
1,985
Employee Stock Grant
Exp: 2026-10-01→ Common Stock (905 underlying)
905
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (4,950 underlying)
4,950
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (2,475 underlying)
2,475
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)
2,950
Employee Stock Grant
Exp: 2027-12-11→ Common Stock (672 underlying)
672
Employee Stock Grant
Exp: 2027-12-11→ Common Stock (840 underlying)
840
Employee Stock Option
Exercise: $4.47Exp: 2027-12-11→ Common Stock (10,880 underlying)
10,880
Employee Stock Option
Exercise: $4.47Exp: 2027-12-11→ Common Stock (16,320 underlying)
16,320
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)
4,500
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)
27,800
Employee Stock Option
Exercise: $38.09Exp: 2022-11-16→ Common Stock (984 underlying)
984
Employee Stock Option
Exercise: $21.99Exp: 2023-11-27→ Common Stock (4,151 underlying)
4,151

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

1 file

4
wf-form4_155786747135046.xmlPrimary
FORM 4