Joseph M. Manko Jr. - Jul 15, 2021 Form 4 Insider Report for SAFEGUARD SCIENTIFICS INC (SFE)

Role: Director
Signature: /s/ Joseph M. Manko Jr.
Stock symbol: SFE
Transactions as of: Jul 15, 2021
Transactions value $: $16,493
Form type: 4
Date filed: 7/16/2021, 06:29 PM
Previous filing: Jul 7, 2021
Next filing: Aug 18, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFE	Common Stock, $0.10 par value	Award	$16.5K	+2.07K	+5.13%	$7.95^*	42.5K	Jul 15, 2021	Direct	F1
holding	SFE	Common Stock, $0.10 par value						177K	Jul 15, 2021	Horton Capital Partners Fund, LP	F2

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities reported herein were awarded to the Reporting Person in lieu of quarterly fees for service on the Issuer's Board of Directors, which fees are paid in arrears following the end of the quarter.
F2	Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, 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.

Content

The securities reported herein were awarded to the Reporting Person in lieu of quarterly fees for service on the Issuer's Board of Directors, which fees are paid in arrears following the end of the quarter.

Securities owned directly by Horton Capital Partners Fund, LP ("HCPF"). The Reporting Person, solely by virtue of his position as the managing member of Horton Capital Management, LLC ("HCM"), which serves as the investment manager of HCPF, and as the managing member of Horton Capital Partners, LLC, 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.

Remarks:

Effective as of July 1, 2021, HCM ceased to serve as the investment adviser to certain managed accounts that held securities of the Issuer. Accordingly, both HCM and the Reporting Person ceased to beneficially own such securities for purposes of Section 16 or otherwise.