Key facts
- This page summarizes Jack L. Howard's Form 4 filing for Steel Connect, Inc..
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 06 Jan 2025, 19:27.
Jack L. Howard - 02 Jan 2025 Form 4 Insider Report for Steel Connect, Inc.
- Reporting relationship
- Director, Other*
- Issuer ticker
- N/A
- Reported as of
- 02 Jan 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 06 Jan 2025, 19:27:37 UTC
- Prior SEC filing
- 17 Dec 2024
- Next SEC filing
- 21 Feb 2025
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Maria Reda, as Attorney-in-Fact for Jack L. Howard
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jack L. Howard filed Form 4 for Steel Connect, Inc. on 06 Jan 2025.
Change
- Previous filing in this sequence was filed on 17 Dec 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
STCN
transaction
Common Stock, $0.01 par value
Disposed to Issuer
- Transaction value
- Shares
- -114,828
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 02 Jan 2025
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Jack L. Howard is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock (the "Shares"). The reporting person disclaims beneficial ownership of the Shares owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
Footnote F2
On January 2, 2025, Steel Excel Sub I, LLC ("Merger Sub") merged with and into the Issuer, with the Issuer surviving the Merger as a wholly-owned subsidiary of Steel Partners Holdings L.P. (the "Merger").
Footnote F3
At the effective time of the Merger (the "Effective Time"), each Share issued and outstanding immediately prior to the Effective Time (other than (A) Shares owned by Merger Sub, the Issuer or any of the Issuer's wholly owned subsidiaries (the "Excluded Shares") and (B) Shares held by stockholders who have properly and validly exercised their statutory rights of appraisal in respect of such Shares in accordance with Section 262 of the Delaware General Corporation Law (the "Dissenting Shares")), was cancelled and automatically converted into the right to receive (i) cash consideration equal to $11.45 per Share (the "Per Share Cash Merger Consideration") and (ii) one Reith CVR per Share (together with the Per Share Cash Merger Consideration, the "Per Share Merger Consideration").
Footnote F4
Includes 7,150 shares of restricted stock (each a "Restricted Share") issued by the Issuer pursuant to, or otherwise governed by, any Issuer equity plan, that were outstanding immediately prior to the Effective Time. At the Effective Time, each Restricted Share became fully vested, and subject to any applicable tax withholding on such acceleration, and, subject to the terms of the CVR Agreement, each holder of a Restricted Share received the Per Share Merger Consideration.
Footnote F5
The officers and directors of the Issuer have waived any right to receive any portion of the Reith Net Litigation Proceeds with respect to any Reith CVR received in the Merger.