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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrant (right to buy) | $ 0.01 | 01/17/2007 | J(1) | 100,000 | 01/17/2007 | 01/17/2011 | Common Stock | 100,000 | $ 0 | 100,000 | I | SSI Delaware | |||
Warrant (right to buy) | $ 1.64 | 01/17/2007 | J(2) | 250,000 | (2) | 01/17/2011 | Common Stock | 250,000 | $ 0 | 250,000 | I | SSI Delaware |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SAFEGUARD SCIENTIFICS INC 435 DEVON PARK DRIVE BUILDING 800 WAYNE, PA 19087-1945 |
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STEVEN J. FEDER | 01/18/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This Warrant was issued to Safeguard Delaware, Inc. as a commitment fee in connection with the Reporting Persons' amended guaranty of the payment obligations of Issuer under its Loan Agreement dated as of 2/13/03 with Comerica Bank. |
(2) | This Warrant was issued to Safeguard Delaware, Inc. as a facility maintenance fee in connection with the Reporting Persons' guaranty of the payment obligations of Issuer under its Loan Agreement dated as of 2/13/03 with Comerica Bank. Warrant shall vest with respect to (i) 83,334 shares on 2/17/07, (ii) 83,334 shares on 3/4/07, and (iii) 83,333 shares on 3/19/07, provided that no Warrant shares shall vest after the date that Issuer has reduced its borrowings under its Loan Agreement to a principal amount equal to or less than $8.5 million. |
Remarks: Additional Reporting Persons: Safeguard Scientifics (Delaware), Inc. Safeguard Delaware, Inc. 103 Springer Building 3411 Silverside Road P. O. Box 7048 Wilmington, DE 19803 |