DAVIS CHRISTOPHER J 4
4 · SAFEGUARD SCIENTIFICS INC · Filed Jan 14, 2004
Insider Transaction Report
Form 4
DAVIS CHRISTOPHER J
Executive V.P.
Transactions
- Award
Deferred Stock Units (right to buy) 2004
2004-01-12+100,000→ 100,000 totalExercise: $0.00→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]The deferred stock units are payable in stock, on a one-for-one basis. The deferred stock units vest as follows: (i) 50% of the units vest on the fifth anniversary of the grant, subject to acceleration of vesting upon the achievement of certain performance criteria established by the Compensation Committee; and (ii) the remaining 50% of the units vest 25% on the first anniversary of the grant and in equal monthly installments on the first day of each month during the three-year period thereafter. Distributions in respect of the deferred stock units will be made after vesting at times established in accordance with the 1999 Equity Compensation Plan.