Filing Details

Accession Number:
0000921895-18-001658
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-05-11 18:42:15
Reporting Period:
2018-05-09
Accepted Time:
2018-05-11 18:42:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1452857 Steel Partners Holdings L.p. SPLP () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1144269 L Jack Howard C/o Steel Partners Holdings L.p.
590 Madison Avenue, 32Nd Floor
New York NY 10022
President Yes Yes Yes No
1443099 Emh Howard Llc 590 Madison Avenue, 32Nd Floor
New York NY 10022
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
6% Series A Preferred Units Disposition 2018-05-09 41,000 $19.90 237,712 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Units, No Par Value 1,515,228 Direct
Common Units, No Par Value 91,603 Indirect By SPH SPV-I LLC
Common Units, No Par Value 1,519,552 Indirect By The II Trust
Common Units, No Par Value 747,938 Indirect By The III Trust
Common Units, No Par Value 10,100 Indirect By EMH Howard, LLC
6% Series A Preferred Units 85,540 Indirect By EMH Howard, LLC
Footnotes
  1. This Form 4 is filed jointly by Jack L. Howard and EMH Howard, LLC ("EMH") (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding Common Units. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of his or its pecuniary interest therein.
  2. Consists of Class C Common Units ("Class C Units") allocated by SPH SPV-I LLC to Mr. Howard's sub-account within SPH SPV-I LLC. The Class C Units have the same rights as the Common Units, except that a Class C Unit will not be saleable in the public market until the capital account allocable to such Class C Unit is equal to the capital account allocable to a Common Unit ("Capital Account Alignment"), determined as if a Class C Unit and a Common Unit were separate partnership interests for U.S. federal income tax purposes. At such time that Capital Account Alignment is achieved, a Class C Unit will convert automatically into a Common Unit. Class C Units (including Class C Units received in respect of a year) will be allocated their share of taxable income based on their percentage interests, except as otherwise determined by the Issuer.
  3. Mr. Howard, as the trustee of The II Trust, may be deemed to beneficially own the Common Units held by The II Trust.
  4. Mr. Howard, as the trustee of The III Trust, may be deemed to beneficially own the Common Units held by The III Trust.
  5. Mr. Howard, as the Managing Member of EMH, may be deemed to beneficially own the Common Units and 6% Series A Preferred Units held by EMH.