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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Liquidity Services, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
53635B107
(CUSIP Number)
December 31, 2009
Date of Event Which Requires Filing of the Statement
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 53635B107 |
13G |
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1. |
Name of Reporting Person Trigran Investments, Inc. |
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2. |
Check the Appropriate Box if a Member of a Group |
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(a) |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
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Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount Beneficially
Owned by Each Reporting Person |
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person |
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CUSIP No. 53635B107 |
13G |
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1. |
Name of Reporting Person Douglas Granat |
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2. |
Check the Appropriate Box if a Member of a Group |
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(a) |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount Beneficially
Owned by Each Reporting Person |
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person |
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CUSIP No. 53635B107 |
13G |
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1. |
Name of Reporting Person Lawrence A. Oberman |
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2. |
Check the Appropriate Box if a Member of a Group |
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(a) |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person |
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CUSIP No. 53635B107 |
13G |
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1. |
Name of Reporting Person Steven G. Simon |
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2. |
Check the Appropriate Box if a Member of a Group |
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(a) |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of
Organization |
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Number of |
5. |
Sole Voting Power |
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6. |
Shared Voting Power |
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7. |
Sole Dispositive Power |
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8. |
Shared Dispositive Power |
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9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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10. |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o |
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11. |
Percent of Class
Represented by Amount in Row (9) |
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12. |
Type of Reporting Person |
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CUSIP No. 53635B107 |
13G |
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Item 1 (a) |
Name of Issuer: |
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Item 1 (b) |
Address of Issuers
Principal Executive Offices: Washington, D.C. 20036 |
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Item 2 (a) |
Name of Person Filing |
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Item 2 (b) |
Address of Principal
Business Office |
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Item 2 (c) |
Citizenship Trigran Investments, Inc. 630 Dundee Road, Suite 230 Northbrook, IL 60062 Illinois company
Douglas Granat 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen
Lawrence A. Oberman 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen
Steven G. Simon 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen |
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2 (d) |
Title of Class of
Securities: |
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2 (e) |
CUSIP Number: |
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Item 3 |
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
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(a) |
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Broker or dealer registered under section 15 of the Exchange Act; |
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(b) |
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Bank as defined in section 3(a)(6) of the Exchange Act; |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Exchange Act; |
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CUSIP No. 53635B107 |
13G |
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(d) |
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Investment company registered under section 8 of the Investment Company Act; |
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(e) |
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
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(f) |
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
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(g) |
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
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(i) |
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
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(j) |
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
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If this statement is filed pursuant to Rule 13d-1(c), check this box. x
Item 4 |
Ownership:(1) |
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(a) |
Amount beneficially owned: Incorporated by reference to Item 9 of the cover page pertaining to each reporting person. |
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(b) |
Percent of class: Incorporated by reference to Item 11 of the cover page pertaining to each reporting person. |
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(c) |
Number of shares as to which such person has: |
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(i) |
Sole power to vote or to direct the vote: Incorporated by reference to Item 5 of the cover page pertaining to each reporting person. |
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(ii) |
Shared power to vote or to direct the vote: Incorporated by reference to Item 6 of the cover page pertaining to each reporting person. |
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(iii) |
Sole power to dispose or to direct the disposition of: Incorporated by reference to Item 7 of the cover page pertaining to each reporting person. |
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(iv) |
Shared power to dispose or to direct the disposition of: Incorporated by reference to Item 8 of the cover page pertaining to each reporting person. |
(1) Douglas Granat, Lawrence A. Oberman and Steven G. Simon are the controlling shareholders and sole directors of Trigran Investments, Inc. and thus may be considered the beneficial owners of shares beneficially owned by Trigran Investments, Inc. |
CUSIP No. 53635B107 |
13G |
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Item 5 |
Ownership of Five Percent or Less of a Class: |
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Not Applicable. |
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Item 6 |
Ownership of More than Five Percent on Behalf of Another Person: |
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Not Applicable. |
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Item 7 |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: |
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Not Applicable. |
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Item 8 |
Identification and Classification of Members of the Group: |
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Not Applicable. |
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Item 9 |
Notice of Dissolution of Group: |
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Not Applicable. |
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Item 10 |
Certification: |
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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CUSIP No. 53635B107 |
13G |
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After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated this 12th day of February, 2010.
TRIGRAN INVESTMENTS, INC. |
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By: |
/s/ Lawrence A. Oberman |
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Name: |
Lawrence A. Oberman |
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Executive Vice President and Director |
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/s/ Lawrence A. Oberman |
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Lawrence A. Oberman |
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/s/ Douglas Granat |
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Douglas Granat |
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/s/ Steven G. Simon |
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Steven G. Simon |
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CUSIP No. 53635B107 |
13G |
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INDEX TO EXHIBITS |
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PAGE |
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EXHIBIT 1: Agreement to Make a Joint Filing |
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CUSIP No. 53635B107 |
13G |
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EXHIBIT 1 TO SCHEDULE 13G
February 12, 2010
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, TRIGRAN INVESTMENTS, INC., DOUGLAS GRANAT, LAWRENCE A. OBERMAN and STEVEN G. SIMON each hereby agree to the joint filing of this statement on Schedule 13G (including any and all amendments hereto). In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. A copy of this Agreement shall be attached as an exhibit to the Statement on Schedule 13G filed on behalf of each of the parties hereto, to which this Agreement relates.
This Agreement may be executed in multiple counterparts, each of which shall constitute an original, one and the same instrument.
TRIGRAN INVESTMENTS, INC.
By: |
/s/ Lawrence A. Oberman |
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Name: Lawrence A. Oberman |
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Executive Vice President and Director |
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DOUGLAS GRANAT |
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/s/Douglas Granat |
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LAWRENCE A. OBERMAN |
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/s/ Lawrence A. Oberman |
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STEVEN G. SIMON |
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/s/ Steven G. Simon |
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