<SEC-DOCUMENT>0001235468-22-000111.txt : 20220815
<SEC-HEADER>0001235468-22-000111.hdr.sgml : 20220815
<ACCEPTANCE-DATETIME>20220815181714
ACCESSION NUMBER:		0001235468-22-000111
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220812
FILED AS OF DATE:		20220815
DATE AS OF CHANGE:		20220815

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shaffer Mark A
		CENTRAL INDEX KEY:			0001677053

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51813
		FILM NUMBER:		221167569

	MAIL ADDRESS:	
		STREET 1:		C/O LIQUIDITY SERVICES, INC.
		STREET 2:		1920 L STREET, N.W., 6TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20036

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIQUIDITY SERVICES INC
		CENTRAL INDEX KEY:			0001235468
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				522209244
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		6931 ARLINGTON ROAD
		STREET 2:		SUITE 200
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		2024676868

	MAIL ADDRESS:	
		STREET 1:		6931 ARLINGTON ROAD
		STREET 2:		SUITE 200
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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            <expirationDate>
                <value>2030-12-01</value>
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                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
                    <value>42400.0</value>
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            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5737.0</value>
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                <sharesOwnedFollowingTransaction>
                    <value>5737</value>
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                    <value>D</value>
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        <derivativeHolding>
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                <underlyingSecurityShares>
                    <value>7740.0</value>
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                <sharesOwnedFollowingTransaction>
                    <value>7740</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        <derivativeHolding>
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                <value>Employee Stock Option</value>
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                <value>22.2</value>
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            <exerciseDate>
                <footnoteId id="F19"/>
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            <expirationDate>
                <value>2031-12-07</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7740.0</value>
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                <sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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                <footnoteId id="F9"/>
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            <exerciseDate>
                <footnoteId id="F20"/>
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            <expirationDate>
                <value>2026-01-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8720.0</value>
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                    <value>8720</value>
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        <derivativeHolding>
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                <value>Employee Stock Grant</value>
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                <footnoteId id="F9"/>
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                <footnoteId id="F21"/>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>8720.0</value>
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    </derivativeTable>

    <footnotes>
        <footnote id="F1">This transaction reflects an exercise of 2,280 options (the &quot;2017 Options&quot;) granted under the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan (as amended, the &quot;Plan&quot;) and that certain Stock Option Agreement, dated December 11, 2017, by and between the issuer and the reporting person.</footnote>
        <footnote id="F2">This transaction reflects an exercise of 9,734 options (the &quot;2018 Options&quot;) granted under the Plan and that certain Stock Option Agreement, dated December 4, 2018, by and between the issuer and the reporting person.</footnote>
        <footnote id="F3">This transaction reflects an exercise of 4,866 options (the &quot;2019 Options&quot;) granted under the Plan and that certain Stock Option Agreement, dated December 3, 2019 (the &quot;2019 Agreement&quot;), by and between the issuer and the reporting person.</footnote>
        <footnote id="F4">This transaction reflects an exercise of 378 options (the &quot;2020 Options&quot;) granted under the Plan and that certain Stock Option Agreement, dated December 1, 2020 (the &quot;2020 Agreement&quot;), by and between the issuer and the reporting person.</footnote>
        <footnote id="F5">The reporting person surrendered 5,499 shares with a market value of $105,795.76 to the issuer to pay the cost of the 2017 Options, the 2018 Options, the 2019 Options and the 2020 Options.</footnote>
        <footnote id="F6">This transaction reflects an exercise of 42,400 options granted under the Plan and the 2020 Agreement. The issuer withheld 31,313 shares to cover the cost of the options and taxes and 11,087 shares were acquired by the reporting person.</footnote>
        <footnote id="F7">This transaction reflects an exercise of 4,259 options granted under the Plan and the 2019 Agreement. The issuer withheld 2,829 shares to cover the cost of the options and taxes and 1,430 shares were acquired by the reporting person.</footnote>
        <footnote id="F8">This transaction reflects an exercise of 16,405 options granted under the Plan and the 2020 Agreement. The issuer withheld 12,111 shares to cover the cost of the options and taxes and 4,294 shares were acquired by the reporting person.</footnote>
        <footnote id="F9">Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.</footnote>
        <footnote id="F10">These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.</footnote>
        <footnote id="F11">These options are fully exercisable.</footnote>
        <footnote id="F12">15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.</footnote>
        <footnote id="F13">Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.</footnote>
        <footnote id="F14">12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.</footnote>
        <footnote id="F15">Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.</footnote>
        <footnote id="F16">12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.</footnote>
        <footnote id="F17">Twenty-five percent of this restricted stock unit grant vested on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.</footnote>
        <footnote id="F18">These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.</footnote>
        <footnote id="F19">12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.</footnote>
        <footnote id="F20">These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.</footnote>
        <footnote id="F21">Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Mark A. Shaffer</signatureName>
        <signatureDate>2022-08-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
