Filing Details

Accession Number:
0001225208-17-016303
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-16 21:56:34
Reporting Period:
2017-10-12
Accepted Time:
2017-10-16 21:56:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
106618 Handy & Harman Ltd. HNH Coating, Engraving & Allied Services (3470) 133768097
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1205240 A Jeffrey Svoboda 590 Madison Avenue
32Nd Floor
New York NY 10022
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share Disposition 2017-10-12 291 $30.25 101,857 No 4 F Direct
Common Stock, Par Value $0.01 Per Share Disposition 2017-10-12 443 $0.00 101,414 No 4 J Direct
Common Stock, Par Value $0.01 Per Share Disposition 2017-10-12 101,414 $0.00 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 J Direct
No 4 S Direct
Footnotes
  1. Represents shares withheld to satisfy tax withholding obligations upon the accelerated vesting of shares of restricted stock pursuant to the Merger Agreement.
  2. Represents unvested restricted stock as to which vesting was accelerated and which then were automatically canceled and converted (net of the amount disclosed pursuant to footnote 1 above) pursuant to the Merger Agreement into the transaction consideration, together with cash in lieu of any fractional SPLP preferred units.
  3. Tendered into the exchange offer made pursuant to the June 26, 2017 Agreement and Plan of Merger by and among Issuer, Steel Partners Holdings L.P. (SPLP), and Handy Acquisition Co., a wholly owned subsidiary of SPLP (the Merger Agreement), pursuant to which each validly tendered share of Issuer common stock was exchanged for 1.484 6.0% Series A preferred units of SPLP (the transaction consideration), together with cash in lieu of any fractional SPLP preferred units, upon the terms and subject to the conditions set forth in the prospectus/offer to exchange and the related letter of transmittal filed by SPLP with the Securities and Exchange Commission on September 13, 2017 (together with any amendments and supplements thereto). The market value of the transaction consideration is $30.57, based on the trading price of the SPLP preferred units as of the end of trading on October 11, 2017.