Handy & Harman Ltd.'s Form 4/A amendment
AmendedSteel Connect LLC (STCN) · filed Jun 20, 2024
- Accession no.
- 0000921895-24-001449
- Filed
- Jun 20, 2024, 6:50 PM ET
- Trade date
- Jun 10-12, 2024
- Filing delay
- 10 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 12, 2024
This filing lists 2 non-derivative transactions. Open-market purchases total $245.9K. It was filed 10 days after the trade.
This amendment replaces 0000921895-24-001408 (filed Jun 12, 2024).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Handy & Harman Ltd.CIK 0000106618 | Director, Other: See Footnote 1 |
| Steel Excel Inc.CIK 0000709804 | Director, 10% Owner |
| WHX CS LLCCIK 0001342942 | Director, Other: See Footnote 1 |
| Steel Partners Holdings L.P.CIK 0001452857 | Director, 10% Owner |
| SPH Group Holdings LLCCIK 0001522066 | Director, 10% Owner |
| SPH Group LLCCIK 0001522067 | Director, 10% Owner |
| Steel Partners Holdings GP Inc.CIK 0001537666 | Director, 10% Owner |
| WF Asset Corp.CIK 0001960672 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 10, 2024 | Common Stock, $0.01 par value | PPurchaseAcquired | +7,434 | $11.26 | +$83,683.05 | 1,087,180 | Indirect | |
| Jun 12, 2024 | Common Stock, $0.01 par value | PPurchaseAcquired | +13,908 | $11.66 | +$162,209 | 1,101,088 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP"), Steel Excel, Inc. ("Steel Excel"), WF Asset Corp. ("WF Asset"), Handy & Harman Ltd. ("HNH") and WHX CS LLC ("WHX CS") (collectively, the "Reporting Persons"). Steel Holdings owns a majority of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Steel Excel owns 100% of the outstanding shares of common stock of HNH and is a majority shareholder of WF Asset. HNH owns a majority of the outstanding membership interests of WHX CS.
- F2
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 shares of Common Stock (the "Section 13(d) Group").
- F3
Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel.
- F4
Represents securities owned directly by WF Asset. By virtue of their relationships with WF Asset discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP and Steel Excel may be deemed to beneficially own the securities owned directly by WF Asset. Each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP and Steel Excel disclaims beneficial ownership of the securities owned directly by WF Asset.
- F5
Represents securities owned directly by WHX CS. By virtue of their relationships with WHX CS discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and HNH may be deemed to beneficially own the securities owned directly by WHX CS. Each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and HNH disclaims beneficial ownership of the securities owned directly by WHX CS.
- F6
In the Form 4 filed on June 12, 2024, the Reporting Persons inadvertently checked the box indicating that the reported transactions were made pursuant to a plan intended to comply with Rule 10b5-1(c). The reported transactions were not effected pursuant to such a plan and this box has been unchecked in this amended Form 4. There were no other changes to the information reported in the Form 4.
Remarks
This Form 4 does not disclose securities of the Issuer currently beneficially owned by the other members of the Section 13(d) Group or derivative securities of the Issuer currently owned by the members of the Section 13(d) Group, which securities have been disclosed in previously filed Forms 4. Each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel, WF Asset, HNH and WHX CS and the other members of the Section 13(d) Group may be deemed a director by deputization due to their relationship with certain of the directors on the board of directors of the Issuer.