SEC FORM 4 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*
KOLODZIESKI EDWARD

(Last) (First) (Middle)
C/O LIQUIDITY SERVICES, INC.
1920 L STREET, N.W., 6TH FLOOR

(Street)
WASHINGTON DC 20036

(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)
02/01/2017
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 02/01/2017 J(3) 15,103 A $9.75 18,336 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
Restricted Stock Grant $6.29 02/01/2017 J(3) 15,103 (1) 02/01/2026 Common Stock 15,103 $9.75 0 D
Restricted Stock Grant $9.75 02/01/2017 A 9,744 (2) 02/01/2027 Common Stock 9,744 $0 9,744 D
Explanation of Responses:
1. These restricted shares became fully vested on February 1, 2017.
2. These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2018.
3. Represents the vesting of restricted stock
/s/ Mark A. Shaffer, by power of attorney 02/03/2017
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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                               POWER OF ATTORNEY

The  undersigned  hereby  constitutes  and  appoints Mark A. Shaffer, Michael E.
Sweeney  and Jorge A. Celaya the undersigned's true and lawful attorneys-in-fact
to:

(1)   execute  for  and  on  behalf  of  the  undersigned  Forms  3,  4 and 5 in
      accordance  with  Section 16(a) of the Securities Exchange Act of 1934 and
      the rules thereunder;

(2)   do and perform any and all acts for and on behalf of the undersigned which
      may  be  necessary or desirable to complete the execution of any such Form
      3,  4,  or  5  and  the  timely filing of such form with the United States
      Securities  and  Exchange Commission and any other authority; and

(3)   take  any  other  action  of  any  type  whatsoever in connection with the
      foregoing  which,  in  the  opinion  of  such  attorney-in-fact, may be of
      benefit  to,  in  the  best  interest  of,  or  legally  required  by, the
      undersigned.

The  undersigned  hereby  grants  to  each  such attorney-in-fact full power and
authority  to  do  and perform all and every act and thing whatsoever requisite,
necessary, and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could  do  if personally present, with full power of substitution or revocation,
hereby  ratifying  and  confirming  all  that  such  attorney-in-fact,  or  such
attorney-in-fact's  substitute  or substitutes, shall lawfully do or cause to be
done  by  virtue  of  this  power  of  attorney and the rights and powers herein
granted.  The  undersigned acknowledges that the foregoing attorneys-in-fact, in
serving  in such capacity at the request of the undersigned, is not assuming any
of  the  undersigned's  responsibilities  to  comply  with  Section  16  of  the
Securities  Exchange  Act of 1934. This Power of Attorney can only be revoked by
delivering  a  signed,  original  "Revocation  of  Power  of  Attorney"  to  the
attorneys-in-fact.

IN  WITNESS  WHEREOF,  the  undersigned  has caused this Power of Attorney to be
executed as of this 30th day of April, 2016.


                                  /s/ Edward J. Kolodzieski
                                 -----------------------------------------------
                                 Name:       Edward J. Kolodzieski
                                 Title:      Director