Sec Form 4 Filing - Williams James Edwin @ LIQUIDITY SERVICES INC - 2013-09-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Williams James Edwin
2. Issuer Name and Ticker or Trading Symbol
LIQUIDITY SERVICES INC [ LQDT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, Gen. Counsel & Secretary
(Last) (First) (Middle)
C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
09/11/2013
(Street)
WASHINGTON, DC20036
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/11/2013 M 3,042 A $ 9.05 3,742 D
Common Stock 09/11/2013 M 1,248 A $ 15.47 4,990 D
Common Stock 09/11/2013 S 4,290 D $ 35.91 700 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Grant $ 9.05 ( 1 ) 10/01/2019 Common Stock 1,945 1,945 D
Employee Stock Option $ 9.05 09/11/2013 M 3,042 ( 2 ) 10/01/2019 Common Stock 3,550 $ 9.05 508 D
Employee Stock Grant $ 15.47 ( 3 ) 10/01/2020 Common Stock 3,380 3,380 D
Employee Stock Option $ 15.47 09/11/2013 M 1,248 ( 4 ) 10/01/2020 Common Stock 3,954 $ 15.47 2,706 D
Employee Stock Grant $ 15.47 ( 5 ) 10/01/2020 Common Stock 2,764 2,764 D
Employee Stock Grant $ 31.11 ( 6 ) 10/01/2021 Common Stock 2,689 2,689 D
Employee Stock Option $ 31.11 ( 7 ) 10/01/2021 Common Stock 5,950 5,950 D
Employee Stock Grant $ 38.09 ( 8 ) 10/01/2022 Common Stock 2,753 2,753 D
Employee Stock Grant $ 38.09 ( 9 ) 10/01/2022 Common Stock 2,753 2,753 D
Employee Stock Option $ 38.09 ( 10 ) 10/01/2022 Common Stock 1,835 1,835 D
Employee Stock Option $ 38.09 ( 11 ) 10/01/2022 Common Stock 1,835 1,835 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Williams James Edwin
C/O LIQUIDITY SERVICES, INC.
1920 L STREET, N.W., 6TH FLOOR
WASHINGTON, DC20036
VP, Gen. Counsel & Secretary
Signatures
/s/ James E. Williams 09/13/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Twenty-five percent of this restricted stock grant vested on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
( 2 )Twenty-five percent of this option grant vested on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
( 3 )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.
( 4 )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.
( 5 )These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 6 )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.
( 7 )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.
( 8 )Twenty-five percent of this restricted stock grant will vest on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
( 9 )These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 10 )Twenty-five percent of this option grant will vest on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
( 11 )This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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