13D Filing: Steelhead Partners and Gold Reserve Inc (GRZ)

Page 2 of 7 – SEC Filing

1. Names of Reporting Persons STEELHEAD PARTNERS, LLC
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)
3. SEC Use Only
4. Source of Funds (See Instructions) OO
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)
6. Citizenship or Place of Organization Delaware

Number of



Owned by

Each Reporting

Person With

7. Sole Voting Power
8. Shared Voting Power
9. Sole Dispositive Power
10. Shared Dispositive Power
11. Aggregate Amount Beneficially Owned by Each Reporting Person 8,805,2691
12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See Instructions)
13. Percent of Class Represented by Amount in Row 11 9.5%1
14. Type of Reporting Person (See Instructions) IA

[1]This number does not include (i) 2,315,499
shares of the issuer’s Class A common stock (the “Convertible Note Shares”) that may be issued to Steelhead
Navigator (as defined below) upon the conversion of certain convertible notes held by Steelhead Navigator because the receipt
of such Convertible Note Shares is contingent upon the issuer’s determination, in its sole discretion, to deliver the
Convertible Note Shares instead of cash upon conversion of the convertible notes or (ii) a contingent value right held by
Steelhead Navigator or any underlying securities that may be issuable by the issuer to Steelhead Navigator pursuant to the
terms of the contingent value right.

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