Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	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 ^* Gravley Roger	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) Operating President, GovDeals
(Last) (First) (Middle) C/O LIQUIDITY SERVICES, INC., 6931 ARLINGTON ROAD, SUITE 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

*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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option	$9.05							⁽¹⁾	10/1/2019	Common Stock	1801.0		1801	D
Employee Stock Grant	$15.47							⁽²⁾	10/1/2020	Common Stock	1106.0		1106	D
Employee Stock Option	$15.47							⁽³⁾	10/1/2020	Common Stock	2292.0		2292	D
Employee Stock Option	$31.37							⁽⁴⁾	10/1/2021	Common Stock	2857.0		2857	D
Employee Stock Option	$21.99							⁽⁵⁾	10/1/2023	Common Stock	3519.0		3519	D
Employee Stock Grant	$21.99							⁽²⁾	11/27/2023	Common Stock	499.0		499	D
Employee Stock Option	$21.99							⁽⁶⁾	11/27/2023	Common Stock	3519.0		3519	D
Employee Stock Option	$10.41							⁽⁷⁾	10/1/2024	Common Stock	7338.0		7338	D
Employee Stock Grant	$10.41							⁽⁸⁾	10/1/2024	Common Stock	8145.0		8145	D
Employee Stock Grant	$12.57							⁽⁹⁾	10/27/2024	Common Stock	6250.0		6250	D
Employee Stock Option	$6.63							⁽¹⁰⁾	10/1/2025	Common Stock	11430.0		11430	D
Employee Stock Grant	$6.63							⁽¹¹⁾	10/1/2025	Common Stock	10425.0		10425	D
Employee Stock Option	$5.11							⁽⁶⁾	10/1/2025	Common Stock	2858.0		2858	D
Employee Stock Grant	$5.11							⁽²⁾	10/1/2025	Common Stock	5213.0		5213	D
Employee Stock Grant	$8.3							⁽¹²⁾	10/1/2026	Common Stock	8250.0		8250	D
Employee Stock Option	$8.3							⁽¹³⁾	10/1/2026	Common Stock	4900.0		4900	D
Employee Stock Grant	$8.3							⁽²⁾	10/1/2026	Common Stock	8250.0		8250	D
Employee Stock Option	$8.3							⁽⁶⁾	10/1/2026	Common Stock	4900.0		4900	D
Employee Stock Option	$4.47	12/11/2017		A		29760		⁽⁶⁾	10/1/2027	Common Stock	29760.0	$0	29760	D
Employee Stock Grant	$4.47	12/11/2017		A		3060		⁽²⁾	10/1/2027	Common Stock	3060.0	$0	3060	D
Employee Stock Option	$4.47	12/11/2017		A		19840		⁽¹⁴⁾	10/1/2027	Common Stock	19840.0	$0	19840	D
Employee Stock Grant	$4.47	12/11/2017		A		2040		⁽¹⁵⁾	10/1/2027	Common Stock	2040.0	$0	2040	D

Explanation of Responses:
(1)	These options became fully vested on October 1, 2013.
(2)	These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
(3)	These options became fully vested on October 1, 2014.
(4)	These options became fully vested on October 1, 2015.
(5)	These options became fully vested on October 1, 2017.
(6)	This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
(7)	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.
(8)	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.
(9)	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.
(10)	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.
(11)	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.
(12)	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.
(13)	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.
(14)	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.
(15)	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
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gravley Roger C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA, MD 20814			Operating President, GovDeals

Signatures
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).
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