Filing Details

Accession Number:
0000921895-20-001300
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-05-06 19:33:20
Reporting Period:
2020-05-04
Accepted Time:
2020-05-06 19:33:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1452857 Steel Partners Holdings L.p. SPLP () NY
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1005784 G Warren Lichtenstein C/O Steel Partners Holdings L.p.
590 Madison Avenue, 32Nd Floor
New York NY 10022
Executive Chairman Yes Yes Yes No
1504325 Steel Partners, Ltd. 590 Madison Avenue, 32Nd Floor
New York NY 10022
No No Yes No
1547324 Wgl Capital Llc 590 Madison Avenue, 32Nd Floor
New York NY 10022
No No Yes No
1606923 Sph Spv-I 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
Common Units No Par Value Acquisiton 2020-05-04 100 $4.90 195,118 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-04 300 $4.95 195,418 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-04 711 $4.96 196,129 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-04 400 $4.99 196,529 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-05 100 $4.76 196,629 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-05 100 $4.95 196,729 No 4 P Indirect By Steel Partners, Ltd.
Common Units No Par Value Acquisiton 2020-05-05 2,800 $4.96 199,529 No 4 P Indirect By Steel Partners, Ltd.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
No 4 P Indirect By Steel Partners, Ltd.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Units No Par Value 537,623 Direct
Common Units No Par Value 1,540,706 Indirect By SPH SPV-I LLC
Common Units No Par Value 6,362,920 Indirect By WGL Capital LLC
Common Units No Par Value 500,000 Indirect By 2020 GRAT #2
Common Units No Par Value 500,000 Indirect By 2020 GRAT #3
6% Series A Preferred Units 410,787 Direct
Footnotes
  1. This Form 4 is filed jointly by WGL Capital LLC ("WGL"), Steel Partners, Ltd. ("SPL"), SPH SPV-I LLC ("SPH SPV") and Warren G. Lichtenstein (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. Mr. Lichtenstein, as the Managing Member of SPH SPV, may be deemed to beneficially own the Common Units owned directly by SPH SPV.
  3. Mr. Lichtenstein, as the Chief Executive Officer and a control person of SPL, may be deemed to beneficially own the Common Units owned directly by SPL.
  4. SPL, as the sole Member of WGL, and Mr. Lichtenstein, as the Manager of WGL and the Chief Executive Officer and a control person of SPL, may be deemed to beneficially own the Common Units owned directly by WGL.
  5. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
  6. The Form 4 filed by the Reporting Persons on April 27, 2020 discloses ownership of 1,537,623 Common Units held directly by Mr. Lichtenstein. Since the filing of the Form 4, an aggregate of 1,000,000 of the Common Units held by Mr. Lichtenstein were transferred to grantor retained annuity trusts referenced in Footnotes 7 and 8 of which Mr. Lichtenstein is the sole trustee and sole annuitant.
  7. Represents Common Units held by a grantor retained annuity trust ("2020 GRAT#2"). Mr. Lichtenstein, as the sole trustee and sole annuitant of the 2020 GRAT#2, may be deemed to beneficially own the Common Units held by the 2020 GRAT#2.
  8. Represents Common Units held by a grantor retained annuity trust ("2020 GRAT#3"). Mr. Lichtenstein, as the sole trustee and sole annuitant of the 2020 GRAT#3, may be deemed to beneficially own the Common Units held by the 2020 GRAT#3.