SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* ABS PARTNERS IV LLC (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/02/2006	3. Issuer Name and Ticker or Trading Symbol LIQUIDITY SERVICES INC [ LQDT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 02/22/2006
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series C preferred stock	(1)	(1)	Common Stock	3,262,643(2)	(1)	I	By ABS Capital Partners See Attached Footnote(3)

1. Name and Address of Reporting Person* ABS PARTNERS IV LLC (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* HEBB DONALD B JR (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* STOBO JOHN D JR (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* EMRY FREDERIS G III (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* CLOUGH PHILLIP A (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* WITT LAURA (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202-3116 (City) (State) (Zip)

1. Name and Address of Reporting Person* WEGLICKI TIMOTHY T (Last) (First) (Middle) 400 EAST PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202 (City) (State) (Zip)

1. Name and Address of Reporting Person* TERKOWITZ RALPH S (Last) (First) (Middle) 400 E. PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202 (City) (State) (Zip)

1. Name and Address of Reporting Person* GOSWAMI ASHOKE (Last) (First) (Middle) 400 E. PRATT STREET SUITE 910 (Street) BALTIMORE MD 21202 (City) (State) (Zip)

Explanation of Responses:

1. The Series C preferred stock is automatically converted on a 1-for-1 basis into Liquidity Services, Inc, ("LSI") common stock, upon the closing of the initial public offering.

2. The shares are owned directly by ABS Capital Partners IV, L.P. ("ABS Capital Partners IV") in the amount of 2,887,105 shares, ABS Capital Partners IV-A, L.P. ("ABS Capital Partners IV-A") in the amount of 96,664 shares, ABS Capital Partners IV Offshore, L.P. ("ABS Capital Partners IV Offshore") in the amount of 165,817, ABS Capital Partners IV Special Offshore, L.P. ("ABS Capital Partners IV Special Offshore," and together with ABS Capital Partners IV, ABS Capital Partners IV-A, ABS Capital Partners IV Offshore, "The Funds" in the amount of 113,057 shares). ABS Partners IV, L.L.C., as the general partner of the Funds (the "General Partner"), and Donald B. Hebb, Jr., Timothy T. Weglicki, John D. Stobo, Jr., Phillip A. Clough, Frederic G. Emry, Ashoke Goswami, Ralph S. Terkowitz, and Laura L. Witt, as the managers of the General Partner (the "Managers"), are indirect beneficial owners of the reported securities.

3. The General Partner and each of the Managers disclaims beneficial ownership of these shares except to the extent of their respective pecuniary interest therein. ABS Partners IV, LLC is the general partner of these entities and has voting and dispositive power over these shares.

Remarks:

This filing constitutes an amendment to one of the three related filings for LSI. This filing was amended to include Ashoke Goswami as a joint filer and continues to be applicable to the following joint reporting persons with respect to the securities of the issuer set forth hereon: ABS Capital Partners IV LP, ABS Capital Partners IV-A LP, ABS Capital Partners IV Special Offshore LP, ABS Capital Partners IV Offshore LP, ABS Partner IV LLC, Donald B. Hebb Jr., Phillip A. Clough, John D. Stobo Jr., Frederic G. Emry III., Ashoke Goswami, Laura L. Witt, Timothy T. Weglicki, and Ralph S. Terkowitz.

	/s/ Donald B. Hebb, Managing Member of ABS Partners IV, L.L.C.	03/02/2006
	/s/ Phillip A. Clough	03/02/2006
	/s/ Donald B. Hebb	03/02/2006
	/s/ Timothy T. Weglicki	03/02/2006
	/s/ John D. Stobo	03/02/2006
	/s/ Frederic G. Emry	03/02/2006
	/s/ Ashoke Goswami	03/02/2006
	/s/ Ralph S. Terkowitz	03/02/2006
	/s/ Laura L. Witt	03/02/2006
	** Signature of Reporting Person	Date
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