UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED ON STATEMENTS FILED PURSUANT TO RULE 13D-1(A)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
Amendment No. 11
Tangram Enterprise Solutions, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
875924 10 2
(CUSIP Number)
Karen M. Keating, Esq.
Safeguard Scientifics, Inc.
435 Devon Park Drive, Building 800
Wayne, PA 19087
(610) 975-4984
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 20, 2004
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
__.
NOTE: Schedules filed in paper format shall include a signed original and give
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
CUSIP No. 875924 10 2 Page 2 of 10
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAFEGUARD SCIENTIFICS, INC. 23-1609753
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
PENNSYLVANIA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -----------------------------------------------------
EACH REPORTING
PERSON WITH 8 SHARED VOTING POWER
-0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [X] **
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14E TYPE OF REPORTING PERSON
CO
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** Excludes an aggregate of 12,833 shares that have been pledged to
Safeguard Scientifics, Inc. as collateral for a loan it provided to a
former officer. Safeguard Scientifics, Inc. disclaims beneficial ownership
of such shares.
CUSIP No. 875924 10 2 Page 3 of 10
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAFEGUARD DELAWARE, INC. 52-2081181
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON WITH
-0-
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14E TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
CUSIP No. 875924 10 2 Page 4 of 10
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAFEGUARD SCIENTIFICS (DELAWARE), INC. 51-0291171
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ----------------------------------------------------
EACH REPORTING 8 SHARED VOTING POWER
PERSON WITH
-0-
----------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14E TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
CUSIP No. 875924 10 2 Page 5 of 10
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 11 to Schedule 13D amends and supplements the Schedule
13D, as amended, previously filed by the Reporting Persons relating to the
common stock, par value $.01 per share (the "Common Stock") of Tangram
Enterprise Solutions, Inc. (the "Company"). This Statement on Schedule 13D
relates to the closing of the Agreement and Plan of Reorganization by and among
Opsware Inc., TES Acquisition Corp. and the Company. The executive office of the
Company is located at 11000 Regency Parkway, Suite 401, Cary, North Carolina
27511-8504.
ITEM 2. IDENTITY AND BACKGROUND.
NO CHANGE EXCEPT AS FOLLOWS:
(a) - (c) This Schedule 13D is being filed by: Safeguard Scientifics, Inc.
("Safeguard"), Safeguard Delaware, Inc. ("SDI") and Safeguard Scientifics
(Delaware), Inc. ("SSDI") (collectively, the "Safeguard Reporting Persons").
Safeguard is a leader in developing companies primarily in the information
technology and healthcare life sciences areas. SDI and SSDI are wholly owned
subsidiaries of Safeguard. Set forth in Schedule I annexed hereto are the name,
identity and background of each Safeguard Reporting Person and set forth in
Schedules II, III and IV annexed hereto is the information required by Item 2 of
Schedule 13D about the identity and background of each Safeguard Reporting
Person's directors, executive officers and controlling persons, if any. The
Safeguard Reporting Persons are sometimes referred to herein, collectively, as
the "Reporting Persons," and, individually, as a "Reporting Person."
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable
ITEM 4. PURPOSE OF TRANSACTION.
In accordance with the Agreement and Plan of Reorganization dated December
4, 2003 (the "Merger Agreement"), on February 20, 2004, TES Acquisition Corp., a
wholly owned subsidiary of Opsware, Inc., was merged with and into Company (the
"Merger"), with the Company continuing as the surviving corporation as a wholly
owned subsidiary of Opsware, Inc. As a result of the Merger, (i) Safeguard
Delaware, Inc. will receive approximately 533,756 shares of Opsware, Inc. common
stock in payment of an outstanding note in the principal amount of $650,000 plus
accrued interest of $4,513.89, and in exchange for 3,000 shares of Series F
Preferred Stock of the Company, and (ii) Safeguard Scientifics (Delaware), Inc.
will receive approximately 247,483 shares of Opsware, Inc. common stock in
exchange for 10,816,604 shares of Company common stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Replace the disclosure previously contained in Item 5 with the following:
The table below sets forth the aggregate number of shares and percentage
of the Company's outstanding shares beneficially owned by each Reporting Person.
Except as otherwise noted, each person listed has sole voting and dispositive
power over all shares listed opposite its name. Any of the aforementioned
persons whose names do not appear in the table below do not, to the best of each
Reporting Person's knowledge, beneficially own any shares of the Company.
No Reporting Person or director or executive officer of a Reporting Person
listed on Schedules II-IV annexed hereto has consummated any transaction in the
Company's shares during the past sixty days other than as set forth herein. As a
result of the Merger, as of February 20, 2004, the Reporting Persons ceased to
be the beneficial owner of more than five percent of the class of securities.
CUSIP No. 875924 10 2 Page 6 of 10
Beneficial Ownership
Number of Percentage
Shares of Total
Safeguard Scientifics, Inc. 0 0.0%
Safeguard Delaware, Inc. 0 0.0%
Safeguard Scientifics 0 0.0%
(Delaware), Inc.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: February 24, 2004 Safeguard Scientifics, Inc.
By: CHRISTOPHER J. DAVIS
---------------------------
Christopher J. Davis
Managing Director and Chief Financial
Officer
Safeguard Delaware, Inc.
Date: February 24, 2004
By: CHRISTOPHER J. DAVIS
---------------------------
Christopher J. Davis
Vice President and Treasurer
Date: February 24, 2004 Safeguard Scientifics (Delaware), Inc.
By: CHRISTOPHER J. DAVIS
---------------------------
Christopher J. Davis
Vice President and Treasurer
CUSIP No. 875924 10 2 Page 7 of 10
SCHEDULE I
1. Safeguard Scientifics, Inc.
Safeguard Scientifics, Inc., a Pennsylvania corporation ("Safeguard"),
owns all of the outstanding capital stock of Safeguard Delaware, Inc.
("SDI") and Safeguard Scientifics (Delaware) Inc., a Delaware corporation
("SSDI"). Safeguard has an address at 800 The Safeguard Building, 435
Devon Park Drive, Wayne, PA 19087-1945. Safeguard is a leader in
developing companies primarily in the information technology and
healthcare life sciences areas. See Schedule II with respect to the
executive officers and directors of Safeguard as of the date of filing
this Schedule 13D.
2. Safeguard Delaware, Inc.
SDI is a wholly owned subsidiary of Safeguard. SDI is a holding company
and has an office at 103 Springer Building, 3411 Silverside Road, P.O.
7048, Wilmington, DE 19803. Schedule III provides information about the
executive officers and directors of SDI as of the date of filing this
Schedule 13D.
3. Safeguard Scientifics (Delaware), Inc.
SSDI is a wholly owned subsidiary of Safeguard. SSDI is a holding company
and has an office at 103 Springer Building, 3411 Silverside road, P.O. Box
7048, Wilmington, DE 19803. Schedule IV provides information about the
executive officers and directors of SSDI as of the date of filing this
Schedule 13D.
CUSIP No. 875924 10 2 Page 8 of 10
SCHEDULE II
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD SCIENTIFICS, INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS*
Anthony L. Craig President, Chief Executive Safeguard Scientifics,Inc.
Officer and Director 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Michael F. Cola Managing Director, Corporate Safeguard Scientifics,Inc.
Operations 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Christopher J. Davis Managing Director and Chief Safeguard Scientifics,Inc.
Financial Officer 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
Anthony A. Ibarguen Managing Director, Business & Safeguard Scientifics,Inc.
IT Services 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
DIRECTORS*
Robert E. Keith, Jr. Managing Director, TL Ventures TL Ventures
435 Devon Park Drive, Bldg.
700
Wayne, PA 19087
Anthony L. Craig Same as above Same as above
Julie A. Dobson Consultant 12617 Greenbriar Road
Potomac, MD 20854
Andrew E. Lietz Managing Director, Rye P. O. Box 738
Capital Management Rye, NH 03870
George MacKenzie Consultant 360 High Ridge Road
Chadds Ford, PA 19317
Jack L. Messman Chairman and CEO, Novell, Inc. Novell, Inc.
404 Wyman Street, Suite 500
Waltham, MA 02451
Russell E. Palmer Chairman and CEO, The Palmer The Palmer Group
Group 3600 Market Street, Suite
530
Philadelphia, PA 19104
John W. Poduska Sr. Consultant 295 Meadowbrook Rd.
Weston, MA 02493-2450
Robert Ripp Chairman, Lightpath 21 Old Logging Road
Technologies, Inc. Bedford, NY 10506
John J. Roberts Consultant 1007 Canterbury Lane
Villanova, PA 19085
* All Executive Officers and Directors are U.S. Citizens.
CUSIP No. 875924 10 2 Page 9 of 10
SCHEDULE III
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD DELAWARE, INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS*
Anthony L. Craig President, Safeguard Safeguard Scientifics, Inc.
Delaware, Inc.; President and 800 The Safeguard Building
CEO, Safeguard Scientifics, 435 Devon Park Drive
Inc. Wayne, PA 19087
Christopher J. Davis Vice President & Treasurer, Safeguard Scientifics,Inc.
Safeguard Delaware, Inc.; 800 The Safeguard Building
Managing Director and CFO, 435 Devon Park Drive
Safeguard Scientifics, Inc. Wayne, PA 19087
DIRECTORS*
Deirdre Blackburn Manager, Legal Systems & Safeguard Scientifics, Inc.
Corporate Secretary, 800 The Safeguard Building
Safeguard Scientifics, Inc. 435 Devon Park Drive
Wayne, PA 19087
Steve Grenfell Director, Safeguard Safeguard Scientifics, Inc.
Scientifics, Inc. 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
* All Executive Officers and Directors are U.S. Citizens.
CUSIP No. 875924 10 2 Page 10 of 10
SCHEDULE IV
EXECUTIVE OFFICERS AND DIRECTORS OF SAFEGUARD SCIENTIFICS (DELAWARE), INC.
Name Present Principal Employment Business Address
---- ---------------------------- ----------------
EXECUTIVE OFFICERS*
Anthony L. Craig President, Safeguard Safeguard Scientifics, Inc.
Delaware, Inc.; President and 800 The Safeguard Building
CEO, Safeguard Scientifics, 435 Devon Park Drive
Inc. Wayne, PA 19087
Christopher J. Davis Vice President & Treasurer, Safeguard Scientifics,Inc.
Safeguard Delaware, Inc.; 800 The Safeguard Building
Managing Director and CFO, 435 Devon Park Drive
Safeguard Scientifics, Inc. Wayne, PA 19087
DIRECTORS*
Deirdre Blackburn Manager, Legal Systems & Safeguard Scientifics, Inc.
Corporate Secretary, 800 The Safeguard Building
Safeguard Scientifics, Inc. 435 Devon Park Drive
Wayne, PA 19087
Steve Grenfell Director, Safeguard Safeguard Scientifics, Inc.
Scientifics, Inc. 800 The Safeguard Building
435 Devon Park Drive
Wayne, PA 19087
* All Executive Officers and Directors are U.S. Citizens.