LIQUIDITY SERVICES INC

Ticker: LQDT CUSIP: 53635B107 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 15,675 Value ($000) $176 Avg Close $9.24 Range $7.06 - $11.25

Q2 2016

Shares 15,985 Value ($000) $125 Avg Close $6.32 Range $5.10 - $7.84

Q2 2014

Shares 22,500 Value ($000) $355 Avg Close $16.29 Range $12.05 - $27.14

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	15,675	$176	$9.24	$7.06 - $11.25
Q2 2016	15,985	$125	$6.32	$5.10 - $7.84
Q2 2014	22,500	$355	$16.29	$12.05 - $27.14