X0202 4 2005-01-18 0 0000086115 SAFEGUARD SCIENTIFICS INC SFE 0001187708 MESSMAN JACK L NOVELL, INC. 404 WYNAN STREET, SUITE 500 WALTHAM MA 02451 1 0 0 0 Deferred Stock Unit (right to buy) 2005-01-18 4 A 0 2431 0 A Common Stock 2431 4131 D Deferred Stock Units (right to buy) 2005-01-18 4 A 0 9722 1.8 A Common Stock 9722 16523 D The deferred stock units are payable in stock, on a one-for-one basis. The deferred stock units vest on the first anniversary of the grant date. Distributions in respect of the deferred stock units will be made after vesting at times established in accordance with the terms of the applicable equity compensation plan of the Issuer. The deferred stock units are payable in stock, on a one-for-one basis, and are fully vested at grant. Distributions in respect of the deferred stock units will be made at times established in accordance with the terms of the applicable equity compensation plan of the Issuer. JACK L. MESSMAN 2005-01-19