# EDGAR Filing Document

**Accession Number:** 0001132317
**File Stem:** 0001209191-23-019256
**Filing Date:** 2023-3
**Character Count:** 11106
**Document Hash:** 21e96a86d9c9cfaf0cb3634c9f441790
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-019256.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001209191-23-019256

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230314

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SATTERFIELD THOMAS A JR
- **CENTRAL INDEX KEY:** 0001132317

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05620
- **FILM NUMBER:** 23738713

**MAIL ADDRESS:**
- **STREET 1:** 2609 CALDWELL MILL LN
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35243
**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:** 150 NORTH RADNOR-CHESTER ROAD
- **STREET 2:** SUITE F-200
- **CITY:** RADNOR
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 610 293 0600

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RADNOR-CHESTER ROAD
- **STREET 2:** SUITE F-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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>SATTERFIELD THOMAS A JR<br><sub>(Last) (First) (Middle)</sub><br>15 COLLEY COVE DRIVE<br><sub>(Street)</sub><br>GULF BREEZE, FL 32561<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SAFEGUARD SCIENTIFICS INC [ SFE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-14 |  | P |  | 50000 | A | 1.76<sup>(1)</sup> | 221000 | D<sup>(2)</sup> |  |
| Common Stock | 2023-03-14 |  | P |  | 9966 | A | 1.77<sup>(3)</sup> | 209966 | I | By Tomsat Investment & Trading Co., Inc. |
| Common Stock | 2023-03-15 |  | P |  | 25000 | A | 1.81<sup>(4)</sup> | 246000 | D<sup>(2)</sup> |  |
| Common Stock | 2023-03-15 |  | P |  | 40034 | A | 1.80<sup>(5)</sup> | 250000 | I | By Tomsat Investment & Trading Co., Inc. |
| Common Stock | 2023-03-15 |  | P |  | 2078 | A | 1.94<sup>(6)</sup> | 308668 | I | By family members and related entities<sup>(7)(8)</sup> |
| Common Stock |  |  |  |  |  |  |  | 10000 | I | By spouse |
| Common Stock |  |  |  |  |  |  |  | 500000<sup>(9)</sup> | I | By A.G. Family L.P.<sup>(10)</sup> |
| Common Stock |  |  |  |  |  |  |  | 671671 | I | By Caldwell Mill Opportunity Fund |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.70 to $1.78. 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.

(2) Includes 20,000 shares held jointly with the reporting person's spouse.

(3) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.71 to $1.78. 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.

(4) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.80 to $1.95. 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.

(5) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.77 to $1.83. 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.

(6) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.88 to $1.95. 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.

(7) The reporting person has been granted limited powers of attorney to exercise voting and dispositive power with respect to the securities held by the following parties: Satterfield Vintage Investments LP (50,000 shares); the reporting person's father (52,078 shares); the reporting person's brother (31,555 shares); the reporting person's sister (42,500 shares); the reporting person's brother-in-law (20,000 shares); Rita Phifer (20,000 shares); the reporting person's second brother-in-law (7,500 shares); the reporting person's nephew (4,000 shares); the reporting person's niece (750 shares); the reporting person's second niece (750 shares); the reporting person's step-brother and his spouse (40,555 shares); the reporting person's daughter (2,000 shares); a trust for the reporting person's granddaughter (3,000 shares); a trust for the reporting person's second granddaughter (1,000 shares); Riachuello Ranch LLC (1,000 shares); the reporting person's step-sister (4,000 shares);

(8) (Continued from footnote 7), the reporting person's second step-sister (2,000 shares); the reporting person's third step-sister and spouse (5,000 shares); the reporting person's fourth step-sister and spouse (5,000 shares); and the reporting person's fifth step-sister and spouse (16,000 shares).

(9) In the reporting person's Forms 4 filed on June 13, 2022 and June 23, 2022, A.G. Family L.P.'s aggregate holdings were misreported as 618,997 shares rather than 500,000 shares as a result of (i) the inadvertent attribution of Caldwell Mill Opportunity Fund's purchase of 18,997 shares on June 9, 2022 to A.G. Family L.P. and (ii) a scrivener's error in the Form 4 filed on June 13, 2022 (reflecting an additional 100,000 shares held by A.G. Family L.P.). Caldwell Mill Opportunity Fund's aggregate holdings remained accurate in both Forms 4.

(10) The reporting person controls the general partner of the partnership that owns the reported securities.

**Remarks:**
Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities included herein in excess of the reporting person's pecuniary interest in such equity securities.

**Signature:** /s/ Thomas A. Satterfield  
**Date:** 2023-03-16

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**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 Number.**