SEC Form 4 · accession 0000921895-18-001150
STEEL PARTNERS HOLDINGS L.P. · SPLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Theodore Fejes Jr.
Officer — President, Steel Services, Ltd
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 9:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001452857
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units, no par value | Mar 29, 2018 | J | 6,361 | $0.00 | A | 6,361 | I | By SPH SPV-I LLC |
| Common Units, no par value | holding | — | — | — | 121,466 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of Class C Common Units ("Class C Units") allocated by SPH SPV-I LLC to Mr. Fejes' sub-account within SPH SPV-I LLC. The Class C Units have the same rights as the Common Units, except that a Class C Unit will not be saleable in the public market until the capital account allocable to such Class C Unit is equal to the capital account allocable to a Common Unit ("Capital Account Alignment"), determined as if a Class C Unit and a Common Unit were separate partnership interests for U.S. federal income tax purposes. At such time that Capital Account Alignment is achieved, a Class C Unit will convert automatically into a Common Unit. Class C Units (including Class C Units received in respect of a year) will be allocated their share of taxable income based on their percentage interests, except as otherwise determined by the Issuer.