Edgar Filing: Gravley Roger

Ownership Submission

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Gravley Roger

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)
Operating President, GovDeals

(Last)

(First)

(Middle)

C/O LIQUIDITY SERVICES, INC., 6931 ARLINGTON ROAD, SUITE 200

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2017

(Street)

BETHESDA, MD 20814

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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option

$ 9.05

⁽¹⁾

10/01/2019

Common Stock

1,801

Employee Stock Grant

$ 15.47

⁽²⁾

10/01/2020

Common Stock

1,106

Employee Stock Option

$ 15.47

⁽³⁾

10/01/2020

Common Stock

2,292

Employee Stock Option

$ 31.37

⁽⁴⁾

10/01/2021

Common Stock

2,857

Employee Stock Option

$ 21.99

⁽⁵⁾

10/01/2023

Common Stock

3,519

Employee Stock Grant

$ 21.99

⁽²⁾

11/27/2023

Common Stock

499

Employee Stock Option

$ 21.99

⁽⁶⁾

11/27/2023

Common Stock

3,519

Employee Stock Option

$ 10.41

⁽⁷⁾

10/01/2024

Common Stock

7,338

Employee Stock Grant

$ 10.41

⁽⁸⁾

10/01/2024

Common Stock

8,145

Employee Stock Grant

$ 12.57

⁽⁹⁾

10/27/2024

Common Stock

6,250

Employee Stock Option

$ 6.63

⁽¹⁰⁾

10/01/2025

Common Stock

11,430

Employee Stock Grant

$ 6.63

⁽¹¹⁾

10/01/2025

Common Stock

10,425

Employee Stock Option

$ 5.11

⁽⁶⁾

10/01/2025

Common Stock

2,858

Employee Stock Grant

$ 5.11

⁽²⁾

10/01/2025

Common Stock

5,213

Employee Stock Grant

$ 8.3

⁽¹²⁾

10/01/2026

Common Stock

8,250

Employee Stock Option

$ 8.3

⁽¹³⁾

10/01/2026

Common Stock

4,900

Employee Stock Grant

$ 8.3

⁽²⁾

10/01/2026

Common Stock

8,250

Employee Stock Option

$ 8.3

⁽⁶⁾

10/01/2026

Common Stock

4,900

Employee Stock Option

$ 4.47

12/11/2017

29,760

⁽⁶⁾

10/01/2027

Common Stock

29,760

$ 0

29,760

Employee Stock Grant

$ 4.47

12/11/2017

3,060

⁽²⁾

10/01/2027

Common Stock

3,060

$ 0

3,060

Employee Stock Option

$ 4.47

12/11/2017

19,840

⁽¹⁴⁾

10/01/2027

Common Stock

19,840

$ 0

19,840

Employee Stock Grant

$ 4.47

12/11/2017

2,040

⁽¹⁵⁾

10/01/2027

Common Stock

2,040

$ 0

2,040

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gravley Roger C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA, MD 20814			Operating President, GovDeals

Signatures

Mark A. Shaffer		12/13/2017
^**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)	These options became fully vested on October 1, 2013.
(2)	These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(3)	These options became fully vested on October 1, 2014.
(4)	These options became fully vested on October 1, 2015.
(5)	These options became fully vested on October 1, 2017.
(6)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(7)	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.
(8)	Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8th of the restricted stock grant will vest on April 1 and October 1 of each year for three years.
(9)	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.
(10)	Twenty-five percent of this option grant vested on October 1, 2016 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, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
(12)	Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
(13)	18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
(14)	15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
(15)	Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.

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