Sec Form 4 Filing - ABS PARTNERS IV LLC @ LIQUIDITY SERVICES INC - 2007-03-19

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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person ABS PARTNERS IV LLC 2. Issuer Name and Ticker or Trading Symbol LIQUIDITY SERVICES INC [ LQDT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 400 EAST PRATT STREET, SUITE 910 3. Date of Earliest Transaction (MM/DD/YY) 03/19/2007 (Street) BALTIMORE, MD21202-3116 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 03/19/2007 S 3,262,643 ( 1 ) D $ 17.055 0 I See Footnote (2) ( 2 )

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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ABS PARTNERS IV LLC 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X HEBB DONALD B JR 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X STOBO JOHN D JR 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X EMRY FREDERIS G III 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X WITT LAURA 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X CLOUGH PHILLIP A 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202-3116 X X WEGLICKI TIMOTHY T 400 EAST PRATT STREET SUITE 910 BALTIMORE, MD21202 X TERKOWITZ RALPH S 400 E. PRATT STREET SUITE 910 BALTIMORE, MD21202 X GOSWAMI ASHOKE 400 E. PRATT STREET SUITE 910 BALTIMORE, MD21202 X Signatures Donald B. Hebb, Managing Member of ABS Partners IV, LLC 03/19/2007 Signature of Reporting Person Date Phillip A. Clough 03/19/2007 Signature of Reporting Person Date Donald B. Hebb 03/19/2007 Signature of Reporting Person Date Timothy T. Weglicki 03/19/2007 Signature of Reporting Person Date John D. Stobo 03/19/2007 Signature of Reporting Person Date Frederic G. Emry 03/19/2007 Signature of Reporting Person Date Ashoke Goswami 03/19/2007 Signature of Reporting Person Date Ralph Terkowitz 03/19/2007 Signature of Reporting Person Date Laura L. Witt 03/19/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Consists of the following shares held by the following entities: (a)2,887,105 shares held by ABS Capital Partners IV, L.P. ("ABS Capital Partners IV"); (b)96,664 held by ABS Capital Partners IV-A, L.P. ("ABS Capital Partners IV-A"); (c)165,817 shares held by ABS Capital Partners IV Offshore, L.P. ("ABS Capital Partners IV Offshore"); and (d) 113,057 shares held by ABS Capital Partners IV Special Offshore, L.P. ("ABS Capital Partners IV Special Offshore," and together with ABS Capital Partners IV, ABS Capital Partners IV-A, ABS Capital Partners IV Offshore, the "ABS Entities"). ABS Partners IV, LLC is the general partner of these entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116. ( 2 )The General Partner and each of the Managers disclaims beneficial ownership of these shares except to the extent of their pecuniary interest therein. ABS Partners IV, L.L.C. is the general partner of these entities and has voting and dispositive power over these shares.

Remarks: This filing constitutes one of three related filings by the following joint reporting persons with respect to the securities of the issuer set forth hereon. ABS Capital Partners IV,L.P., ABS Capital Partners IV-A, L.P., ABS Capital Partners IV Offshore, L.P., ABS Capital Partners IV Special Offshore, L.P., ABS Partners IV L.L.C., Donald B. Hebb,Jr., Phillip A. Clough, Timothy T. Weglicki, John D. Stobo, Jr., Frederic G. Emry, Ashoke Goswami, Ralph S. Terkowitz and Laura L. Witt.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.