SEC Form 4 · accession 0001225208-17-016292
HANDY & HARMAN LTD. · HNH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack L Howard
Director · Other
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 6:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106618
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Oct 12, 2017 | S$0 | 191,305 | $0.00 | D | 0 | D | |
| Common Stock, par value $0.01 per shareF1,F3 | Oct 12, 2017 | S$0 | 57,642 | $0.00 | D | 0 | I | By EMH Howard, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Tendered into the exchange offer made pursuant to the June 26, 2017 Agreement and Plan of Merger by and among Issuer, Steel Partners Holdings L.P. (SPLP), and Handy Acquisition Co., a wholly owned subsidiary of SPLP (the Merger Agreement), pursuant to which each validly tendered share of Issuer common stock was exchanged for 1.484 6.0% Series A preferred units of SPLP (the transaction consideration), together with cash in lieu of any fractional SPLP preferred units, upon the terms and subject to the conditions set forth in the prospectus/offer to exchange and the related letter of transmittal filed by SPLP with the Securities and Exchange Commission on September 13, 2017 (together with any amendments and supplements thereto). The market value of the transaction consideration is $30.57, based on the trading price of the SPLP preferred units as of the end of trading on October 11, 2017.
- F2The Reporting Person is also a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding common stock.
- F3Mr. Howard is the managing member of EMH Howard, LLC and may be deemed to have investment and voting power with respect to the 6% Series A Preferred Units held by EMH Howard, LLC. Mr. Howard disclaims beneficial ownership of such 6% Series A Preferred Units beneficially owned by EMH Howard, LLC, except to the extent of his pecuniary interest.