Form 4 for LQDT LIQUIDITY SERVICES INC
Accepted 2022-12-13 00:00:00 ET · period of report 2022-12-09 · accession 0001235468-22-000146 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-12-13 | 2022-12-09 | LQDT | Angrick William P III | COB, CEO, Dir, 10% | M - OptEx | $4.92 | +100.7K | 5.41M | +2% | +$495.7K |
| DM | 2022-12-13 | 2022-12-09 | LQDT | Angrick William P III | COB, CEO, Dir, 10% | M - OptEx | $0.00 | -100.7K | 68.9K | -59% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-09 | M | A | 18,142 | $4.92 | 5,329,413 | I By the William P. Angrick III Revocable Trust | — | — | (F2) These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose. |
| 2 | Common | Common Stock | 2022-12-09 | M | A | 82,601 | $4.92 | 5,412,014 | I By the William P. Angrick III Revocable Trust | — | — | (F2) These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose. |
| 3 | Derivative | Employee Stock Option | 2022-12-09 | M | D | 82,601 | $0.00 | 48,019 | D | $4.92 · — to 2022-12-11 | 82,601 Common Stock | (F8) 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. |
| 4 | Derivative | Employee Stock Option | 2022-12-09 | M | D | 18,142 | $0.00 | 68,938 | D | $4.92 · — to 2022-12-11 | 18,142 Common Stock | (F7) 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months. |