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 *

Angrick William P III
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                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman of the Board and CEO
(Last)          (First)          (Middle)

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

12/13/2016
(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   12/13/2016     S    50648   D $10.03   0   D    
Common Stock   12/13/2016     S    10030   D $10.03   3645812   I   By the William P. Angrick III Revocable Trust   (1)
Common Stock   12/14/2016     S    9779   D $10.00   3636033   I   By the William P. Angrick III Revocable Trust   (1)
Common Stock   12/15/2016     S    24543   D $10.01   3611490   I   By the William P. Angrick III Revocable Trust   (1)
Common Stock                  873379   I   By the William P. Angrick III 2005 Irrevocable Trust   (1)
Common Stock                  575513   I   By the Stephanie S. Angrick 2005 Irrevocable Trust   (2)
Common Stock                  114699   I   By the Stephanie S. Angrick Revocable Trust   (2)

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 Grant   $6.63                      (3) 10/1/2025   Common Stock   146730     110047   D    
Employee Stock Grant   $5.11                      (4) 10/1/2025   Common Stock   36682     36682   D    
Employee Stock Option   $7.29                      (5) 10/1/2025   Common Stock   83178     83178   D    
Employee Stock Option   $7.29                      (6) 10/1/2025   Common Stock   20794     20794   D    
Employee Stock Grant   $10.41                      (7) 10/1/2024   Common Stock   30832     24666   D    
Employee Stock Grant   $10.41                      (8) 10/1/2024   Common Stock   49332     49332   D    
Employee Stock Option   $11.45                      (9) 10/1/2024   Common Stock   29980     29980   D    
Employee Stock Option   $11.45                      (10) 10/1/2024   Common Stock   29980     29980   D    
Employee Stock Grant   $21.99                      (11) 10/1/2023   Common Stock   11359     5680   D    
Employee Stock Option   $24.19                      (12) 10/1/2023   Common Stock   48122     48122   D    
Employee Stock Option   $46.72                      (13) 10/1/2022   Common Stock   14695     14695   D    
Employee Stock Option   $37.72                      (14) 10/1/2021   Common Stock   32139     32139   D    
Employee Stock Option   $17.02                      (15) 10/1/2020   Common Stock   8641     8641   D    
Employee Stock Grant   $15.47                      (16) 10/1/2020   Common Stock   11053     11053   D    
Employee Stock Option   $9.96                      (17) 10/1/2019   Common Stock   4568     4568   D    

Explanation of Responses:
( 1)  These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
( 2)  These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
( 3)  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.
( 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, 2016 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)  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.
( 8)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 9)  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.
( 10)  This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
( 11)  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.
( 12)  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.
( 13)  These options became fully vested on October 1, 2016.
( 14)  These options became fully vested on October 1, 2015.
( 15)  These options became fully vested on October 1, 2014.
( 16)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
( 17)  These options became fully vested on October 1, 2013.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Angrick William P III
C/O LIQUIDITY SERVICES, INC.
1920 L STREET, N.W., 6TH FLOOR
WASHINGTON, DC 20036
X X Chairman of the Board and CEO

Signatures
/s/ Mark A. Shaffer, by power of attorney 12/15/2016
** 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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