SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 2)(1) Pac-West Telecomm, Inc. (Name of Issuer) Common Stock, $.001 par value (Title of Class of Securities) 69371Y 10 1 (CUSIP Number) May 21, 2003 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [x] Rule 13d-1(d) (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 69371Y 10 1 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Safeguard Scientifics, Inc. 23-1609753 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 612 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 612 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 612 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 12. TYPE OF REPORTING PERSON* CO CUSIP NO. 69371Y 10 1 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 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. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 612 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 612 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 612 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 12. TYPE OF REPORTING PERSON* CO CUSIP NO. 69371Y 10 1 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Safeguard Delaware, Inc. 52-2081181 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 12. TYPE OF REPORTING PERSON* CO CUSIP NO. 69371Y 10 1 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SFINT, Inc. 23-2873896 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 612 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 612 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 612 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% 12. TYPE OF REPORTING PERSON* CO Item 1 (a) Name of Issuer: Pac-West Telecomm, Inc. Item 1 (b) Address of Issuer's Principal Executive Offices: 1776 West March Lane Suite 250 Stockton, CA 95207 Item 2 (a) Name of Person Filing: (1) Safeguard Scientifics, Inc. (2) Safeguard Scientifics (Delaware), Inc. (3) Safeguard Delaware, Inc. (4) SFINT, Inc. Item 2 (b) Address of Principal Business Office: (1) 800 The Safeguard Building 435 Devon Park Drive Wayne, PA 19087-1945 (2)(3)(4) 103 Springer Building 3411 Silverside Road Wilmington, DE 19803 Item 2 (c) Citizenship: (1) Pennsylvania (2)(3)(4) Delaware Item 2 (d) Title of Class of Securities: Common Stock, $.001 par value per share Item 2 (e) CUSIP Number: 69371Y 10 1 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a : (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940; (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(F); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (i) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ] Not applicable Item 4 Ownership: (a) Amount Beneficially Owned: 612 shares of common stock * (b) Percent of Class: 0.0% * (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 612 * (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 612 * SFINT, Inc. is the record owner of 612 shares. Safeguard Scientifics, Inc. is the sole stockholder of each of Safeguard Delaware, Inc. and Safeguard Scientifics (Delaware), Inc.; Safeguard Scientifics (Delaware), Inc. is the sole stockholder of SFINT, Inc. Item 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not applicable Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not applicable Item 8 Identification and Classification of Members of the Group: Safeguard Scientifics (Delaware), Inc. and Safeguard Delaware, Inc. are wholly owned subsidiaries of Safeguard Scientifics, Inc. SFINT, Inc. is a wholly owned subsidiary of Safeguard Scientifics (Delaware), Inc. Safeguard Scientifics, Inc., Safeguard Scientifics (Delaware), Inc., Safeguard Delaware, Inc., and SFINT, Inc. are members of a group for purposes of Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. Item 9 Notice of Dissolution of Group: Not applicable. Item 10 Certification: Not applicable 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. In executing this statement, the undersigned agree, to the extent required by Rule 13d-1(k)(1)(iii), that this statement is being filed jointly on behalf on each of the Reporting Persons herein. SAFEGUARD SCIENTIFICS, INC. By: /s/ N. Jeffrey Klauder ---------------------------------------------- N. Jeffrey Klauder Managing Director and General Counsel Dated: May 28, 2003 SAFEGUARD SCIENTIFICS (DELAWARE), INC. By: /s/ N. Jeffrey Klauder ---------------------------------------------- N. Jeffrey Klauder Vice President Dated: May 28, 2003 SAFEGUARD DELAWARE, INC. By: /s/ N. Jeffrey Klauder ---------------------------------------------- N. Jeffrey Klauder Vice President Dated: May 28, 2003 SFINT, INC. By: /s/ N. Jeffrey Klauder ---------------------------------------------- N. Jeffrey Klauder Vice President Dated: May 28, 2003