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As filed with the Securities and Exchange Commission on March 11, 2005
Registration No. 333-75499

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

Safeguard Scientifics, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 	 	 	
Pennsylvania
(State or Other Jurisdiction of
Incorporation or Organization)	 	23-1609753
(I.R.S Employer Identification No.)	
800 The Safeguard Building
435 Devon Park Drive
Wayne, Pennsylvania 19087-1945
(Address of Principal Executive Offices, including Zip Code)
Wallaesa Stock Option Agreement
(Full Title of the Plan)
Steven J. Feder
Senior Vice President and General Counsel
Safeguard Scientifics, Inc.
800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087-1945
(610) 293-0600
(Name, Address and Telephone Number, including Area Code, of Agent for Service)

 

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DEREGISTRATION OF SECURITIES	
SIGNATURES	

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DEREGISTRATION OF SECURITIES
On April 1, 1999, Safeguard Scientifics, Inc. (the “Registrant”) filed a Registration Statement on Form S-8, File No. 333-75499 (the “Registration Statement”), to register an aggregate of 300,000 shares of common stock (as adjusted for stock splits), par value $0.10 per share, of the Registrant (the “Common Stock”) issuable pursuant to the terms of a stock option awarded to a former executive officer of the Registrant on March 1, 1999. This Post-Effective Amendment No. 1 to the Registration Statement is being filed to deregister the 300,000 shares of Common Stock, as previously registered pursuant to the Registration Statement, as the stock option expired unexercised.

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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Wayne, Pennsylvania, on this 11th day of March, 2005. 

 	SAFEGUARD SCIENTIFICS, INC.
 	 	
 	By:  	ANTHONY L. CRAIG  	 	
 	 	Anthony L. Craig 	 	
 	 	President and Chief Executive Officer 	 	
 	
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. 

Signature	 	Title	 	Date	
 		
ANTHONY L. CRAIG

     Anthony L. Craig	 	President, Chief Executive Officer and Director
(Principal Executive Officer)	 	March 11, 2005	
 		
CHRISTOPHER J. DAVIS

     Christopher J. Davis	 	Executive Vice President and Chief
Administrative & Financial Officer
(Principal Financial and Accounting Officer)	 	March 11, 2005	
 		
JULIE A. DOBSON

     Julie A. Dobson	 	Director	 	March 9, 2005	

     Robert E. Keith, Jr.	 	Chairman of the Board of Directors	 	March , 2005	
 		
ANDREW E. LIETZ

     Andrew E. Lietz	 	Director	 	March 9, 2005	
 		
GEORGE MACKENZIE

     George MacKenzie	 	Director	 	March 9, 2005	
 		
JACK L. MESSMAN

     Jack L. Messman	 	Director	 	March 9, 2005	
 		
JOHN W. PODUSKA, SR. .

     John W. Poduska, Sr.	 	Director	 	March 9, 2005	
 		
ROBERT RIPP

     Robert Ripp	 	Director	 	March 8, 2005	
 		
JOHN J. ROBERTS

     John J. Roberts	 	Director	 	March 9, 2005