Warren G. Lichtenstein - Dec 3, 2021 Form 4 Insider Report for STEEL PARTNERS HOLDINGS L.P. (SPLP)

Role
Executive Chairman, Director, 10%+ Owner
Signature
By: /s/ Maria Reda, as Attorney-in-Fact for Warren G. Lichtenstein
Stock symbol
SPLP
Transactions as of
Dec 3, 2021
Transactions value $
$0
Form type
4
Date filed
12/8/2021, 06:40 PM
Previous filing
Oct 5, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPLP Common Units no par value Gift $0 -3.82K -0.63% $0.00 603K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2.62K -0.43% $0.00 601K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -803 -0.13% $0.00 600K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2.68K -0.45% $0.00 597K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2.68K -0.45% $0.00 595K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2.68K -0.45% $0.00 592K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -482 -0.08% $0.00 591K Dec 3, 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -4.89K -0.83% $0.00 587K Dec 7, 2021 Direct F1, F9
holding SPLP Common Units no par value 402K Dec 3, 2021 By Steel Partners, Ltd. F1, F3
holding SPLP Common Units no par value 541K Dec 3, 2021 By SPH SPV-I LLC F1, F2
holding SPLP Common Units no par value 6.36M Dec 3, 2021 By WGL Capital LLC F1, F4
holding SPLP Common Units no par value 434K Dec 3, 2021 By 2020 GRAT #2 F1, F5, F8
holding SPLP Common Units no par value 460K Dec 3, 2021 By 2020 GRAT #3 F1, F6, F8
holding SPLP Common Units no par value 934K Dec 3, 2021 By 2020 GRAT #4 F1, F7, F8
holding SPLP 6% Series A Preferred Units 417K Dec 3, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Mr. Lichtenstein, as the Managing Member of SPH SPV, may be deemed to beneficially own the Common Units owned directly by SPH SPV.
F3 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.
F4 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.
F5 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.
F6 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.
F7 Represents Common Units held by a grantor retained annuity trust ("2020 GRAT#4"). Mr. Lichtenstein, as the sole trustee and sole annuitant of the 2020 GRAT#4, may be deemed to beneficially own the Common Units held by the 2020 GRAT#4.
F8 The Form 4 filed by the Reporting Persons on December 29, 2020 discloses ownership of 500,000 Common Units held directly by the 2020 GRAT#2, 500,000 Common Units held directly by the 2020 GRAT#3 and 1,000,000 Common Units held directly by the 2020 GRAT#4. Mr. Lichtenstein is the sole trustee and sole annuitant of the 2020 GRAT#2, 2020 GRAT#3, and 2020 GRAT#4. Since the filing of the Form 4, 65,896 Common Units held by the 2020 GRAT #2, 39,597 Common Units held by the 2020 GRAT#3 and 65,913 Common Units held by the 2020 GRAT#4 were transferred to Mr. Lichtenstein.
F9 The total number of Common Units held directly by Mr. Lichtenstein reflects the transfers described in Footnote 8.