Warren G. Lichtenstein - 03 Dec 2021 Form 4 Insider Report for STEEL PARTNERS HOLDINGS L.P. (SPLP)

Signature
By: /s/ Maria Reda, as Attorney-in-Fact for Warren G. Lichtenstein
Issuer symbol
SPLP
Transactions as of
03 Dec 2021
Net transactions value
$0
Form type
4
Filing time
08 Dec 2021, 18:40:07 UTC
Previous filing
05 Oct 2021
Next filing
04 Jan 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 -3,821 -0.63% $0.000000 603,429 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2,622 -0.43% $0.000000 600,807 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -803 -0.13% $0.000000 600,004 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2,675 -0.45% $0.000000 597,329 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2,675 -0.45% $0.000000 594,654 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -2,675 -0.45% $0.000000 591,979 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -482 -0.08% $0.000000 591,497 03 Dec 2021 Direct F1, F9
transaction SPLP Common Units no par value Gift $0 -4,885 -0.83% $0.000000 586,612 07 Dec 2021 Direct F1, F9
holding SPLP Common Units no par value 401,508 03 Dec 2021 By Steel Partners, Ltd. F1, F3
holding SPLP Common Units no par value 540,706 03 Dec 2021 By SPH SPV-I LLC F1, F2
holding SPLP Common Units no par value 6,362,920 03 Dec 2021 By WGL Capital LLC F1, F4
holding SPLP Common Units no par value 434,104 03 Dec 2021 By 2020 GRAT #2 F1, F5, F8
holding SPLP Common Units no par value 460,403 03 Dec 2021 By 2020 GRAT #3 F1, F6, F8
holding SPLP Common Units no par value 934,087 03 Dec 2021 By 2020 GRAT #4 F1, F7, F8
holding SPLP 6% Series A Preferred Units 416,948 03 Dec 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.