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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OMB Number: 3235-0287
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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 *

Shaffer Mark A 		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)
VP, Gen. Counsel & Secretary
(Last)          (First)          (Middle)

C/O LIQUIDITY SERVICES, INC., 6931 ARLINGTON ROAD, SUTIE 200 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/11/2017
(Street)

BETHESDA, MD 20814
(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                  5678   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 Grant   $9.35                      (1) 4/9/2025   Common Stock   795.0     795   D    
Employee Stock Grant   $4.57                      (2) 2/16/2026   Common Stock   3452.0     3452   D    
Employee Stock Grant   $5.8                      (3) 2/16/2026   Common Stock   1726.0     1726   D    
Employee Stock Grant   $8.15                      (4) 6/22/2026   Common Stock   11250.0     11250   D    
Employee Stock Grant   $8.3                      (5) 10/1/2026   Common Stock   8850.0     8850   D    
Employee Stock Grant   $8.3                      (3) 10/1/2026   Common Stock   8850.0     8850   D    
Employee Stock Option   $8.3                      (6) 10/1/2026   Common Stock   5250.0     5250   D    
Employee Stock Option   $8.3                      (7) 10/1/2026   Common Stock   5250.0     5250   D    
Employee Stock Option   $4.47   12/11/2017     A      18240         (7) 10/1/2027   Common Stock   18240.0   $0   18240   D    
Employee Stock Option   $4.47   12/11/2017     A      12160         (8) 10/1/2027   Common Stock   12160.0   $0   12160   D    
Employee Stock Grant   $4.47   12/11/2017     A      1860         (3) 10/1/2027   Common Stock   1860.0   $0   1860   D    
Employee Stock Grant   $4.47   12/11/2017     A      1240         (9) 10/1/2027   Common Stock   1240.0   $0   1240   D    

Explanation of Responses:
(1)  Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8 of the restricted stock grant will vest on April 1 and October 1 of each year for three years.
(2)  Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years.
(3)  These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(4)  Twenty-five percent of this restricted stock grant vested on July 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on July 1 of each year for three years.
(5)  Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
(6)  18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
(7)  This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(8)  15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
(9)  Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Shaffer Mark A
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUTIE 200
BETHESDA, MD 20814

VP, Gen. Counsel & Secretary

Signatures
/s/ Mark A. Shaffer 12/13/2017
** 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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