- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2017-10-16 18:07:23
- Reporting Period:
- Accepted Time:
- 2017-10-16 18:07:23
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|106618||Handy & Harman Ltd.||HNH||Coating, Engraving & Allied Services (3470)||133768097|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1675437||Douglas Woodworth||590 Madison Avenue 32Nd Floor |
New York NY 10022
|Senior Vice President And Cfo||No||Yes||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||1,196||$30.25||4,191||No||4||F||Direct|
|Common Stock, Par Value $0.01 Per Share||Disposition||2017-10-12||1,233||$0.00||2,958||No||4||J||Direct|
|Common Stock, Par Value $0.01 Per Share||Disposition||2017-10-12||2,958||$0.00||0||No||4||S||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
- Represents shares withheld to satisfy tax withholding obligations upon the accelerated vesting of shares of restricted stock pursuant to the Merger Agreement.
- 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.
- 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.
- The Reporting Person is also a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding common stock.