0000086115-16-000211.txt : 20160627
0000086115-16-000211.hdr.sgml : 20160627
20160627113942
ACCESSION NUMBER: 0000086115-16-000211
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160623
FILED AS OF DATE: 20160627
DATE AS OF CHANGE: 20160627
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SAFEGUARD SCIENTIFICS INC
CENTRAL INDEX KEY: 0000086115
STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799]
IRS NUMBER: 231609753
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 170 NORTH RADNOR-CHESTER ROAD
STREET 2: SUITE 200
CITY: RADNOR
STATE: PA
ZIP: 19087
BUSINESS PHONE: 6102930600
MAIL ADDRESS:
STREET 1: 170 NORTH RADNOR-CHESTER ROAD
STREET 2: SUITE 200
CITY: RADNOR
STATE: PA
ZIP: 19087
FORMER COMPANY:
FORMER CONFORMED NAME: SAFEGUARD INDUSTRIES INC
DATE OF NAME CHANGE: 19810525
FORMER COMPANY:
FORMER CONFORMED NAME: SAFEGUARD CORP
DATE OF NAME CHANGE: 19690521
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ZARRILLI STEPHEN T
CENTRAL INDEX KEY: 0001203410
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05620
FILM NUMBER: 161732553
MAIL ADDRESS:
STREET 1: FIBERLINK COMMUNICATIONS CORP.
STREET 2: 794 PENLLYN PIKE
CITY: BLUE BELL
STATE: PA
ZIP: 19422
4
1
wf-form4_146704196951095.xml
FORM 4
X0306
4
2016-06-23
0
0000086115
SAFEGUARD SCIENTIFICS INC
SFE
0001203410
ZARRILLI STEPHEN T
170 NORTH RADNOR-CHESTER ROAD, SUITE 200
RADNOR
PA
19087
1
1
0
0
President & CEO
Common Stock
2016-06-23
4
M
0
51666
7.65
A
129955
D
Common Stock
2016-06-23
4
M
0
1342
7.41
A
131297
D
Common Stock
2016-06-23
4
M
0
1458
7.41
A
132755
D
Common Stock
2016-06-23
4
M
0
62500
7.65
A
195255
D
Common Stock
2016-06-23
4
F
0
91297
12.795
D
103958
D
Common Stock
5490
I
STZ DB Plan
Stock Option (right to buy)
7.65
2016-06-23
4
M
0
51666
0
D
2016-06-30
Common Stock
51666.0
135834
D
Stock Option (right to buy)
7.41
2016-06-23
4
M
0
1342
0
D
2016-09-30
Common Stock
1342.0
0
D
Stock Option (right to buy)
7.41
2016-06-23
4
M
0
1458
0
D
2016-09-30
Common Stock
1458.0
0
D
Stock Option (right to buy)
7.65
2016-06-23
4
M
0
62500
0
D
2016-06-30
Common Stock
62500.0
0
D
Option features market-based vesting so that option only becomes exercisable upon sustained improvement in the trading price of the Issuer's common stock in the following increments: 20% at $18.9288 per share; an additional 30% at $27.8796 per share; an additional 40% at $39.0684 per share; and the remaining 10% at $43.3476 (based on the average daily closing price of the Issuer's common stock on the NYSE for any 20 consecutive trading days preceding a vesting date), with pro rata vesting based on sustained improvement in the trading price of the Issuer's common stock between the exercise price and $18.9288 and between the other stock price vesting thresholds set forth above.
On September 30, 2008, the reporting person was granted an option to purchase 4,375 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, 1,342 of such options have vested.
25% of the shares vested on September 30, 2009 and the remaining 75% vested in 36 equal monthly installments on the same date of each calendar month thereafter.
25% of the shares vested on June 30, 2009 and the remaining 75% vested in 36 equal monthly installments on the same date of each calendar month thereafter.
By: Deirdre Blackburn For: Stephen T. Zarrilli
2016-06-27