Filing Details

Accession Number:
0000921895-20-001607
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-26 19:00:34
Reporting Period:
2020-05-21
Accepted Time:
2020-05-26 19:00:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
86115 Safeguard Scientifics Inc SFE Investors, Nec (6799) 231609753
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1664091 Jr. M. Joseph Manko 1717 Arch Street
39Th Floor
Philadelphia PA 19103
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.10 Par Value Acquisiton 2020-05-21 8,282 $6.50 114,010 No 4 P Indirect Horton Capital Partners Fund, LP
Common Stock, $0.10 Par Value Acquisiton 2020-05-22 7,947 $6.52 121,957 No 4 P Indirect Horton Capital Partners Fund, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Horton Capital Partners Fund, LP
No 4 P Indirect Horton Capital Partners Fund, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.10 Par Value 9,612 Direct
Common Stock, $0.10 Par Value 304,722 Indirect Horton Capital Management, LLC
Common Stock, $0.10 Par Value 707,845 Indirect Sierra Capital Investments, L.P.
Footnotes
  1. Securities held in certain accounts jointly managed by Horton Capital Management, LLC ("HCM") and Maplewood Advisors IM, LLC ("MAIM") (collectively, the "Managed Accounts"). The Reporting Person, solely by virtue of his position as the managing member of HCM, which together with MAIM, act as the investment advisers to the Managed Accounts, may be deemed to beneficially own the securities held in the Managed Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  2. Securities owned directly by Sierra Capital Investments, L.P. ("Sierra"). The Reporting Person, solely by virtue of his position as the managing member of HCM, which together with MAIM, serve as the investment managers of Sierra, and as the managing member of Horton Capital Partners, LLC ("HCP"), which together with Maplewood Global Partners, LLC, serve as the general partners of Sierra, may be deemed to beneficially own the securities directly held by Sierra for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  3. Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of HCM, which serves as the investment manager of HCPF, and as the managing member of HCP, which serves as the general partner of HCPF, may be deemed to beneficially own the securities directly held by HCPF for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  4. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.35 to $6.60. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.