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 OF SECURITIES 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 * Rallo James M   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) President RSCG (Last) (First) (Middle) C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 10/02/2015 (Street) WASHINGTON, DC 20036 4. If Amendment, Date 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 (City) (State) (Zip) 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 10/02/2015   S   19,720 D $ 7.23 0 D   Common Stock               15,039 (2) I By James M. Rallo 401k Common Stock               8,000 I By James M. Rallo IRA Common Stock               4,625 I By Kimberly Rallo SIMPLE IRA (1) Common Stock               685 I By James M. Rallo Cust. Michael Rallo MD UTMA (1) Common Stock               460 I By James M. Rallo Cust. Melissa Rallo MD UTMA

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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 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
Employee Stock Option	$ 7.48							(3)	10/01/2018	Common Stock	2,338		2,338	D
Employee Stock Option	$ 15.47							(4)	10/01/2020	Common Stock	6,678		6,678	D
Employee Stock Grant	$ 15.47							(5)	10/01/2020	Common Stock	5,527		5,527	D
Employee Stock Option	$ 31.11							(6)	10/01/2021	Common Stock	12,358		12,358	D
Employee Stock Grant	$ 38.09							(7)	10/01/2022	Common Stock	1,251		1,251	D
Employee Stock Option	$ 38.09							(8)	10/01/2022	Common Stock	3,335		3,335	D
Employee Stock Grant	$ 29.47							(9)	07/18/2023	Common Stock	6,108		6,108	D
Employee Stock Option	$ 29.47							(10)	07/18/2023	Common Stock	24,871		24,871	D
Employee Stock Grant	$ 21.99							(11)	10/01/2023	Common Stock	2,346		2,346	D
Employee Stock Grant	$ 21.99							(12)	10/01/2023	Common Stock	4,691		4,691	D
Employee Stock Option	$ 21.99							(13)	10/01/2023	Common Stock	9,938		9,938	D
Employee Stock Option	$ 21.99							(14)	10/01/2023	Common Stock	9,938		9,938	D
Employee Stock Grant	$ 13.57							(15)	05/14/2024	Common Stock	44,215		44,215	D
Employee Stock Grant	$ 10.41							(16)	10/01/2024	Common Stock	46,300		46,300	D
Employee Stock Grant	$ 10.41							(17)	10/01/2024	Common Stock	15,434		15,434	D
Employee Stock Option	$ 10.41							(18)	10/01/2024	Common Stock	12,675		12,675	D
Employee Stock Option	$ 10.41							(19)	10/01/2024	Common Stock	3,169		3,169	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rallo James M C/O LIQUIDITY SERVICES, INC. 1920 L STREET, N.W., 6TH FLOOR WASHINGTON, DC 20036			President RSCG

Signatures

/s/ James E. Williams, by power of attorney		10/02/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.
(2)	Mr. Rallo disclaims beneficial ownership of these shares.
(3)	These options became fully vested on October 1, 2013.
(4)	These options became fully vested on October 1, 2014.
(5)	These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(6)	These options became fully vested on October 1, 2015.
(7)	Twenty-five percent of this restricted stock grant vested on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
(8)	Twenty-five percent of this option grant vested on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
(9)	Twenty-five percent of this restricted stock grant vested on July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on July 1 of each year for three years.
(10)	Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
(11)	Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
(12)	These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(13)	Twenty-five percent of this option grant vested on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
(14)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(15)	Fifty percent of this restricted stock grant will vest on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
(16)	Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
(17)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(18)	Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
(19)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

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