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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option | $ 7.48 | (1) | 10/01/2018 | Common Stock | 2,338 | 2,338 | D | ||||||||
| Employee Stock Grant | $ 15.47 | (2) | 10/01/2020 | Common Stock | 4,172 | 4,172 | D | ||||||||
| Employee Stock Option | $ 15.47 | (3) | 10/01/2020 | Common Stock | 6,678 | 6,678 | D | ||||||||
| Employee Stock Grant | $ 15.47 | (4) | 10/01/2020 | Common Stock | 5,526 | 5,526 | D | ||||||||
| Employee Stock Grant | $ 31.11 | (5) | 10/01/2021 | Common Stock | 3,723 | 3,723 | D | ||||||||
| Employee Stock Option | $ 31.11 | (6) | 10/01/2021 | Common Stock | 12,358 | 12,358 | D | ||||||||
| Employee Stock Grant | $ 38.09 | (7) | 10/01/2022 | Common Stock | 3,753 | 3,753 | D | ||||||||
| Employee Stock Grant | $ 38.09 | (8) | 10/01/2022 | Common Stock | 5,003 | 5,003 | D | ||||||||
| Employee Stock Option | $ 38.09 | (9) | 10/01/2022 | Common Stock | 3,335 | 3,335 | D | ||||||||
| Employee Stock Option | $ 38.09 | (10) | 10/01/2022 | Common Stock | 3,335 | 3,335 | D | ||||||||
| Employee Stock Grant | $ 29.47 | (11) | 07/18/2023 | Common Stock | 12,216 | 12,216 | D | ||||||||
| Employee Stock Grant | $ 29.47 | (12) | 07/18/2023 | Common Stock | 28,503 | 28,503 | D | ||||||||
| Employee Stock Option | $ 29.47 | (13) | 07/18/2023 | Common Stock | 24,871 | 24,871 | D | ||||||||
| Employee Stock Option | $ 29.47 | (14) | 07/18/2023 | Common Stock | 58,031 | 58,031 | D | ||||||||
| Employee Stock Grant | $ 21.99 | (15) | 10/01/2023 | Common Stock | 4,692 | 4,692 | D | ||||||||
| Employee Stock Grant | $ 21.99 | (16) | 10/01/2023 | Common Stock | 4,691 | 4,691 | D | ||||||||
| Employee Stock Option | $ 21.99 | (17) | 10/01/2023 | Common Stock | 9,938 | 9,938 | D | ||||||||
| Employee Stock Option | $ 21.99 | (18) | 10/01/2023 | Common Stock | 9,938 | 9,938 | D | ||||||||
| Employee Stock Grant | $ 13.57 | (19) | 05/14/2024 | Common Stock | 44,215 | 44,215 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Rallo James M C/O LIQUIDITY SERVICES, INC. 1920 L STREET, N.W., 6TH FLOOR WASHINGTON, DC 20036 |
CFO, Treasurer, President RSCG | |||
| /s/ James E. Williams, by power of attorney | 06/11/2014 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Twenty percent of this option grant vested on October 1, 2009 and thereafter 1/60th of the option grant will vest each month for forty-eight months. |
| (2) | Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. |
| (3) | Twenty-five percent of this option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months. |
| (4) | These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. |
| (5) | Twenty-five percent of this restricted stock grant vested on October 1, 2012 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. |
| (6) | Twenty-five percent of this option grant vested on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months. |
| (7) | Twenty-five percent of this restricted stock grant vested on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. |
| (8) | These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. |
| (9) | Twenty-five percent of this option grant vested on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months. |
| (10) | This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. |
| (11) | Twenty-five percent of this restricted stock grant will vest on July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on July 1 of each year for three years. |
| (12) | These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. |
| (13) | Twenty-five percent of this option grant will vest on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months. |
| (14) | This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. |
| (15) | Twenty-five percent of this restricted stock grant will vest on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. |
| (16) | These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. |
| (17) | Twenty-five percent of this option grant will vest on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months. |
| (18) | This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. |
| (19) | Fifty percent of this restricted stock grant will vest on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years. |
| (20) | Shares acquired through participation in Issuer's 401(k) Plan as the result of a corrective action by the trustee/administrator. This transaction is a non-discretionary transaction by the trustee/administrator of a tax qualified plan and is voluntarily reported on Form 4. |
| (21) | Represents the approximate number of shares acquired (excluding fractionals) by the trustee/administrator of the Issuer's 401(k) Plan for the Reporting Person's benefit, based on a statement of the trustee/administrator. |
| (22) | The price per share is based on a statement provided by the Issuer's 401(k) Plan trustee/administrator. |
| (23) | The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected. |