Liquidity Services (LQDT) Form 4 LIQUIDITY SERVICES / Nicholas Rozdilsky 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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X

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^*

Rozdilsky Nicholas

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2021

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	08/13/2021		S		16,071	D	$23.49	9,797	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 (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
Employee Stock Option	$6.95							(1)	08/12/2022	Common Stock	1,042		1,042	D
Employee Stock Option	$6.11							(2)	08/12/2022	Common Stock	1,619		1,619	D
Employee Stock Option	$6.69							(2)	08/12/2022	Common Stock	4,366		4,366	D

Explanation of Responses:

1. Effective August 13, 2021 (the "Departure Date"), Nicholas Rozdilsky (the "Reporting Person") ceased to be an officer of Liquidity Services, Inc. (the "Issuer"). Pursuant to the grant agreements entered into by the Issuer and the Reporting Person, the unvested portion of any grant of restricted stock units or stock options (the "Unvested Grants") held by the Reporting Person on the Departure Date was forfeited and canceled as of the Departure Date. Therefore, the Unvested Grants have been deleted from Table II of this Form 4. The amounts included in Column 7 and Column 9 of Table II of this Form 4 represent stock options held by the Reporting Person that were vested as of the Departure Date (the "Vested Options"). Pursuant to the terms of the Issuer's Third Amended and Restated Omnibus Long-Term Incentive Plan, the Reporting Person may exercise the Vested Options for the twelve-month period following the Departure Date.

2. These options were vested as of the Departure Date and may be exercised by the reporting person for the twelve-month period following the Departure Date.

Remarks:

	/s/ Mark A. Shaffer, by power of attorney	08/17/2021
	** 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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