No fractional shares were issued. Shareholders who would have otherwise been due a fractional share received a cash payment instead based on a post-split per share price of $10.818. The cash payment for a fractional share was determined on the basis of the average closing price of Safeguard Common Stock for the period August 13 to August 26, 2009, as adjusted for the reverse stock split.
If you held your Safeguard Common Stock in a brokerage account, any payment due to you for fractional shares was deposited directly into your account with the organization that holds your shares. Each broker has its own processes for handling the cash received in exchange for fractional shares. You should contact your broker for more information.
If you held your Safeguard Common Stock directly (in other words, you held stock certificates or a book entry position at our transfer agent), payment for the fractional shares will be made by check, sent to you by our transfer agent, BNY Mellon Shareowner Services, following receipt by them of your properly completed and executed Letter of Transmittal and original stock certificate(s).