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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Dudley Gardner H 		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)
Pres, Capital Assets Group
(Last)          (First)          (Middle)

C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/6/2016
(Street)

WASHINGTON, DC 20036
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/6/2016     S (17)    881   D $10.28   23417   D    
Common Stock   10/7/2016     S (17)    1057   D $10.06   22360   D    
Common Stock   10/10/2016     S (17)    1482   D $10.03   20878   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Employee Stock Option   $13.35                      (1) 6/16/2020   Common Stock   3188     3188   D    
Employee Stock Grant   $15.47                      (2) 11/30/2020   Common Stock   2211     2211   D    
Employee Stock Grant   $21.99                      (3) 11/27/2023   Common Stock   416     416   D    
Employee Stock Grant   $21.99                      (4) 11/27/2023   Common Stock   1661     1661   D    
Employee Stock Option   $21.99                      (5) 11/27/2023   Common Stock   3519     3519   D    
Employee Stock Option   $21.99                      (6) 11/27/2023   Common Stock   3519     3519   D    
Employee Stock Grant   $13.57                      (7) 5/14/2024   Common Stock   11054     11054   D    
Employee Stock Grant   $12.57                      (8) 10/27/2024   Common Stock   12500     12500   D    
Employee Stock Grant   $10.41                      (9) 10/1/2024   Common Stock   24291     24291   D    
Employee Stock Grant   $10.41                      (10) 10/1/2024   Common Stock   12146     12146   D    
Employee Stock Option   $10.41                      (11) 10/1/2024   Common Stock   7338     7338   D    
Employee Stock Option   $10.41                      (12) 10/1/2024   Common Stock   1834     1834   D    
Employee Stock Grant   $6.63                      (13) 10/1/2025   Common Stock   15386     15386   D    
Employee Stock Grant   $5.11                      (14) 10/1/2025   Common Stock   5129     5129   D    
Employee Stock Option   $6.63                      (15) 10/1/2025   Common Stock   11245     11245   D    
Employee Stock Option   $6.63                      (16) 10/1/2025   Common Stock   2811     2811   D    

Explanation of Responses:
( 1)  These options became fully vested on June 1, 2014.
( 2)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 3)  Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
( 4)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 5)  Twenty-five percent of this option grant vested on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
( 6)  This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
( 7)  Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
( 8)  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.
( 9)  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.
( 10)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 11)  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.
( 12)  This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
( 13)  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.
( 14)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 15)  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.
( 16)  This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
( 17)  Represents reporting person's advance election to sell to cover tax obligations upon vesting such restricted shares

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Dudley Gardner H
C/O LIQUIDITY SERVICES, INC.
1920 L STREET, N.W., 6TH FLOOR
WASHINGTON, DC 20036

Pres, Capital Assets Group

Signatures
/s/ Mark A. Shaffer, by power of attorney 10/11/2016
** 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.
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.
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