SEC Form 4 · accession 0000086115-16-000277
SAFEGUARD SCIENTIFICS INC · SFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Sisko
Officer — COO, EVP & Managing Director
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 8:58 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000086115
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 21, 2016 | M | 5,302 | $7.41 | A | 96,096 | D | |
| Common Stock | Sep 21, 2016 | M | 5,250 | $7.41 | A | 101,346 | D | |
| Common Stock | Sep 21, 2016 | F | 7,021 | $13.14 | D | 94,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $7.41 | Sep 21, 2016 | M | 5,302 | D | — | Sep 30, 2016 | Common Stock | 5,302 | 0 | D |
| Stock Option (right to buy)F2 | $7.41 | Sep 21, 2016 | M | 5,250 | D | — | Sep 30, 2016 | Common Stock | 5,250 | 0 | D |
Explanation of responses
- F1On September 30, 2008, the reporting person was granted an option to purchase 16,416 shares of common stock, the vesting of which is subject to the satisfaction of certain corporate performance criteria. In accordance with the previously established criteria, 5,302 of such options were exercisable as of 8/27/2016.
- F2Option vested 25% on the first anniversary of the grant date and in 36 equal monthly installments on the same date of each calendar month thereafter.