LIQUIDITY SERVICES INC

Ticker: LQDT CUSIP: 53635B107 Class: Common Stock

Zuckerman Investment Group, LLC's Holding History (CIK: 0001423296)

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

Q1 2014

Shares 426,440 Value ($000) $11,109 Avg Close $24.32 Range $20.24 - $27.33

Q4 2013

Shares 485,975 Value ($000) $11,012 Avg Close $25.16 Range $20.37 - $33.83

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	426,440	$11,109	$24.32	$20.24 - $27.33
Q4 2013	485,975	$11,012	$25.16	$20.37 - $33.83