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