4//SEC Filing
Lutz Michael 4
Accession 0001774710-19-000001
CIK 0001235468other
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 5:27 PM ET
Size
36.1 KB
Accession
0001774710-19-000001
Insider Transaction Report
Form 4
Lutz Michael
VP, Human Resources
Transactions
- Award
Employee Stock Option
2019-12-03+11,500→ 11,500 totalExercise: $6.69Exp: 2029-12-03→ Common Stock (11,500 underlying) - Award
Employee Stock Grant
2019-12-03+4,800→ 4,800 totalExp: 2024-01-01→ Common Stock (4,800 underlying) - Award
Employee Stock Option
2019-12-03+11,500→ 11,500 totalExercise: $6.69Exp: 2029-12-03→ Common Stock (11,500 underlying) - Award
Employee Stock Grant
2019-12-03+4,800→ 4,800 totalExp: 2024-01-01→ Common Stock (4,800 underlying)
Holdings
- 4,950
Employee Stock Grant
Exp: 2027-03-03→ Common Stock (4,950 underlying) - 2,950
Employee Stock Option
Exercise: $8.30Exp: 2027-03-03→ Common Stock (2,950 underlying) - 27,800
Employee Stock Option
Exercise: $6.11Exp: 2022-10-01→ Common Stock (27,800 underlying) - 47,848
Common Stock
- 13,395(indirect: By 401(k))
Common Stock
- 4,151
Employee Stock Option
Exercise: $21.99Exp: 2017-10-01→ Common Stock (4,151 underlying) - 1,985
Employee Stock Option
Exercise: $6.63Exp: 2026-03-24→ Common Stock (1,985 underlying) - 1,237
Employee Stock Grant
Exp: 2020-10-01→ Common Stock (1,237 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) - 984
Employee Stock Option
Exercise: $38.09Exp: 2016-10-01→ Common Stock (984 underlying) - 2,950
Employee Stock Option
Exercise: $8.30Exp: 2020-10-01→ Common Stock (2,950 underlying) - 16,320
Employee Stock Option
Exercise: $4.47Exp: 2027-12-11→ Common Stock (16,320 underlying) - 5,526
Employee Stock Option
Exercise: $10.41Exp: 2018-10-01→ Common Stock (5,526 underlying) - 7,939
Employee Stock Option
Exercise: $6.63Exp: 2019-10-01→ Common Stock (7,939 underlying) - 672
Employee Stock Grant
Exp: 2027-12-11→ Common Stock (672 underlying) - 560
Employee Stock Grant
Exp: 2021-10-01→ Common Stock (560 underlying) - 10,880
Employee Stock Option
Exercise: $4.47Exp: 2021-10-01→ Common Stock (10,880 underlying) - 4,500
Employee Stock Grant
Exp: 2022-10-01→ Common Stock (4,500 underlying)
Footnotes (16)
- [F1]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.
- [F10]This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- [F11]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.
- [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]12/48th of this option grant will vest on January 1, 2021 and, thereafter, 1/48th of the option grant will vest each month for thirty-six months.
- [F3]Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- [F4]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.
- [F5]Twenty-five percent of this restricted stock grant will vest on January 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.
- [F6]These options became fully vested on October 1, 2016.
- [F7]These options became fully vested on October 1, 2017.
- [F8]These options became fully vested on October 1, 2018.
- [F9]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.
Documents
Issuer
LIQUIDITY SERVICES INC
CIK 0001235468
Entity typeother
Related Parties
1- filerCIK 0001774710
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 5:27 PM ET
- Size
- 36.1 KB