Liquidity Services (LQDT) Form 4 LIQUIDITY SERVICES / Jaime Mateus-Tique ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Mateus-Tique Jaime

(Last) (First) (Middle)

C/O LIQUIDITY SERVICES, INC.

6931 ARLINGTON ROAD, SUITE 200

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LIQUIDITY SERVICES INC [ LQDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	01/07/2021		M		15,012	A	$14.3	172,897	D
Common Stock	01/07/2021		F(1)		13,154	D	$16.32	159,743	D
Common Stock								468,262	I	By the Em El 2007 Irrevocable Trust
Common Stock								163,208	I	By the Jaime Mateus-Tique 2005 Irrevocable Trust

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 (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 Securities Underlying Derivative Security (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: 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
Stock Option	$6.29							02/01/2017(2)	02/01/2026	Common Stock	79,082		79,082	D
Stock Option	$21.53							02/01/2015(3)	02/01/2024	Common Stock	20,061		20,061	D
Stock Option	$40.11							02/01/2014(4)	02/01/2023	Common Stock	5,954		5,954	D
Stock Option	$42.31							02/01/2013(5)	02/01/2022	Common Stock	5,328		5,328	D
Stock Option	$14.3	01/07/2021		M			15,012	02/01/2012(6)	02/01/2021	Common Stock	15,012	$0	0	D
Employee Stock Option	$11.77							(7)	02/01/2020	Common Stock	18,612		0	D
Restricted Stock Grant	(8)							(9)	(10)	Common Stock	18,797		18,797	D

Explanation of Responses:

1. The reporting person surrendered 13,154 shares with a market value of $214,673.28 to the Issuer to pay the purchase price of the shares.

2. These options became fully vested on February 1, 2017.

3. These options became fully vested on February 1, 2015.

4. These options became fully vested on February 1, 2014.

5. These options became fully vested on February 1, 2013.

6. These options became fully vested on February 1, 2012.

7. These options became fully vested on February 1, 2020.

8. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

9. These restricted shares became fully vested on February 1, 2020.

10. These restricted shares have a one-year vesting period such that 100% of this restricted stock grant will vest on February 1, 2021.

Remarks:

	/s/ Mark A. Shaffer, by power of attorney	01/08/2021
	** Signature of Reporting Person	Date
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).
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