SEC Form 4 · accession 0000921895-19-000733
STEEL PARTNERS HOLDINGS L.P. · SPLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Woodworth
Officer — Chief Financial Officer
Period of report
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 6:51 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 valueF1,F2 | Mar 11, 2019 | A | 50,000 | $0.00 | A | 55,088 | D | |
| Common Units, no par valueF2 | holding | — | — | — | 1 | I | By SPH SPV-I LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Common Units granted on March 11, 2019 to Mr. Woodworth pursuant to the Issuer's 2018 Incentive Award Plan. The Restricted Common Units vest over ten years in equal installments on each anniversary of the date of grant.
- F2The Form 4 filed by Mr. Woodworth on April 2, 2018 discloses ownership of 5,089 Class C Common Units ("Class C Units") held indirectly by Mr. Woodworth through SPH SPV-I LLC ("SPH SPV") that were allocated by SPH SPV to Mr. Woodworth's sub-account within SPH SPV. Since the filing of the Form 4, these Class C Units converted into Common Units following the alignment of capital accounts of the Common Units and the Class C Units, and such Common Units were distributed to Mr. Woodworth, with the exception of 1 Common Unit which remains allocated to Mr. Woodworth's sub-account within SPH SPV. The total number of Common Units held directly by Mr. Woodworth and held indirectly through SPH SPV reflects the foregoing.