13F-HR 1 form13fhr01874_06302008.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2008 Check here if Amendment |_|; Amendment Number: _______ This Amendment (Check only one): |_| is a restatement. |_| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Steel Partners II, L.P. Address: 590 Madison Avenue, 32nd Floor New York, New York 10022 Form 13F File Number: 28-10730 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Sanford Antignas Title: Attorney-In-Fact for Warren G. Lichtenstein, Managing Member of General Partner of Steel Partners II, L.P. Phone: 212-520-2300 Signature, Place, and Date of Signing: /s/ Sanford Antignas, New York, NY, August 14, 2008 Report Type (Check only one): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ------------------ Form 13F Information Table Entry Total: 58 ------------------ Form 13F Information Table Value Total: $1831661 ------------------ (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 28-10766 Warren G. Lichtenstein ----- ---------------------- ------------------------------------------- FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- VOTING AUTHORITY ---------------- TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- ADAPTEC INC COM 00651F108 65621 20506409 SH OTHER 1 0 20506409 0 ------------------------------------------------------------------------------------------------------------------------------------ ANGELICA CORP COM 034663104 38132 1792770 SH OTHER 1 0 1792770 0 ------------------------------------------------------------------------------------------------------------------------------------ ATLAS ACQUISITION HLDGS COM 049162100 185 20500 SH OTHER 1 0 20500 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ ATLAS ACQUISITION HLDGS UNIT 049162209 395 41100 SH OTHER 1 0 41100 0 CORP 99/99/9999 ------------------------------------------------------------------------------------------------------------------------------------ BEVERLY HILLS BANCORP DEL COM 087866109 66 39529 SH OTHER 1 0 39529 0 ------------------------------------------------------------------------------------------------------------------------------------ BRINKS CO COM 109696104 65293 998058 SH OTHER 1 0 998058 0 ------------------------------------------------------------------------------------------------------------------------------------ BRINKS CO COM 109696104 135681 2074000 SH CALL OTHER 1 0 2074000 0 ------------------------------------------------------------------------------------------------------------------------------------ CHEMTURA CORP COM 163893100 21062 3606535 SH OTHER 1 0 3606535 0 ------------------------------------------------------------------------------------------------------------------------------------ CHENIERE ENERGY INC COM NEW 16411R208 437 100000 SH OTHER 1 0 100000 0 ------------------------------------------------------------------------------------------------------------------------------------ CHURCHILL VENTURES LTD COM 17157P109 1494 190300 SH OTHER 1 0 190300 0 ------------------------------------------------------------------------------------------------------------------------------------ CITIGROUP INC COM 172967101 838 50000 SH CALL OTHER 1 0 50000 0 ------------------------------------------------------------------------------------------------------------------------------------ COLUMBUS ACQUISITION CORP COM 198851107 383 50000 SH OTHER 1 0 50000 0 ------------------------------------------------------------------------------------------------------------------------------------ CONSECO INC COM NEW 208464883 162139 16344661 SH OTHER 1 0 16344661 0 ------------------------------------------------------------------------------------------------------------------------------------ CONTINENTAL MATLS CORP COM PAR 211615307 7573 335700 SH OTHER 1 0 335700 0 $0.25 ------------------------------------------------------------------------------------------------------------------------------------ DCAP GROUP INC COM 233065200 18 18181 SH OTHER 1 0 18181 0 ------------------------------------------------------------------------------------------------------------------------------------ EARTHLINK INC COM 270321102 98165 11348540 SH OTHER 1 0 11348540 0 ------------------------------------------------------------------------------------------------------------------------------------ ENPRO INDS INC COM 29355X107 48556 1300373 SH OTHER 1 0 1300373 0 ------------------------------------------------------------------------------------------------------------------------------------ ENSCO INTL INC COM 26874Q100 40370 500000 SH CALL OTHER 1 0 500000 0 ------------------------------------------------------------------------------------------------------------------------------------ FORTRESS INVESTMENT GROUP CL A 34958B106 246 20000 SH OTHER 1 0 20000 0 LL ------------------------------------------------------------------------------------------------------------------------------------ GENCORP INC COM 368682100 57524 8034059 SH OTHER 1 0 8034059 0 ------------------------------------------------------------------------------------------------------------------------------------ GEOPETRO RESOURCES CO COM 37248H304 68 17070 SH OTHER 1 0 17070 0 ------------------------------------------------------------------------------------------------------------------------------------ GRANAHAN MCCOURT ACQ CORP COM 385034103 2009 246800 SH OTHER 1 0 246800 0 ------------------------------------------------------------------------------------------------------------------------------------ HICKS ACQUISITION CO I INC COM 429086309 929 100000 SH OTHER 1 0 100000 0 ------------------------------------------------------------------------------------------------------------------------------------ HIGHLANDS ACQUISITION CORP COM 430880104 5152 560000 SH OTHER 1 0 560000 0 ------------------------------------------------------------------------------------------------------------------------------------ IKON OFFICE SOLUTIONS INC COM 451713101 140507 12456300 SH OTHER 1 0 12456300 0 ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON OUTDOORS INC CL A 479167108 7019 449914 SH OTHER 1 0 449914 0 ------------------------------------------------------------------------------------------------------------------------------------ KEY ENERGY SVCS INC COM 492914106 29735 1531176 SH OTHER 1 0 1531176 0 ------------------------------------------------------------------------------------------------------------------------------------ MARATHON ACQUISITION CORP COM 565756103 18598 2378200 SH OTHER 1 0 2378200 0 ------------------------------------------------------------------------------------------------------------------------------------ MEDIA & ENTMT HOLDINGS INC COM 58439W108 167 22000 SH OTHER 1 0 22000 0 ------------------------------------------------------------------------------------------------------------------------------------ MERIDIAN INTERSTAT BANCORP COM 58964Q104 583 60000 SH OTHER 1 0 60000 0 I ------------------------------------------------------------------------------------------------------------------------------------ NATHANS FAMOUS INC NEW COM 632347100 15477 1018200 SH OTHER 1 0 1018200 0 ------------------------------------------------------------------------------------------------------------------------------------ NAUGATUCK VY FINL CORP COM 639067107 125 15917 SH OTHER 1 0 15917 0 ------------------------------------------------------------------------------------------------------------------------------------ NEW FRONTIER MEDIA INC COM 644398109 10373 2652935 SH OTHER 1 0 2652935 0 ------------------------------------------------------------------------------------------------------------------------------------ NORTHFIELD LABS INC COM 666135108 62 87800 SH OTHER 1 0 87800 0 ------------------------------------------------------------------------------------------------------------------------------------ OCH ZIFF CAP MGMT GROUP CL A 67551U105 190 10000 SH OTHER 1 0 10000 0 ------------------------------------------------------------------------------------------------------------------------------------ ORIENT-EXPRESS HOTELS LTD CL A G67743107 23023 530000 SH OTHER 1 0 530000 0 ------------------------------------------------------------------------------------------------------------------------------------ P & F INDS INC CL A NEW 692830508 1566 351085 SH OTHER 1 0 351085 0 ------------------------------------------------------------------------------------------------------------------------------------ PHARMATHENE INC COM 71714G102 2552 1076594 SH OTHER 1 0 1076594 0 ------------------------------------------------------------------------------------------------------------------------------------ PRIDE INTL INC DEL COM 74153Q102 70935 1500000 SH CALL OTHER 1 0 1500000 0 ------------------------------------------------------------------------------------------------------------------------------------ PROSHARES TR ULTRASHT 74347R883 35668 535000 SH OTHER 1 0 535000 0 SP500 ------------------------------------------------------------------------------------------------------------------------------------ PROSHARES TR ULTRASHT 74347R867 31500 488000 SH OTHER 1 0 488000 0 DOW30 ------------------------------------------------------------------------------------------------------------------------------------ RENAISSANCE ACQUISITION W EXP 75966C115 71 476200 SH OTHER 1 0 476200 0 CORP 01/28/201 ------------------------------------------------------------------------------------------------------------------------------------ RENAISSANCE ACQUISITION COM 75966C305 6140 1064100 SH OTHER 1 0 1064100 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ RONSON CORP COM NEW 776338204 647 483035 SH OTHER 1 0 483035 0 ------------------------------------------------------------------------------------------------------------------------------------ ROWAN COS INC COM 779382100 469521 10043234 SH OTHER 1 0 10043234 0 ------------------------------------------------------------------------------------------------------------------------------------ ROWAN COS INC COM 779382100 23375 500000 SH CALL OTHER 1 0 500000 0 ------------------------------------------------------------------------------------------------------------------------------------ S L INDS INC COM 784413106 24530 1608550 SH OTHER 1 0 1608550 0 ------------------------------------------------------------------------------------------------------------------------------------ SP ACQUISITION HOLDINGS COM 78470A104 95998 10322400 SH OTHER 1 0 10322400 0 INC ------------------------------------------------------------------------------------------------------------------------------------ SP ACQUISITION HOLDINGS *W EXP 78470A112 10093 16822400 SH OTHER 1 0 16822400 0 INC 10/10/201 ------------------------------------------------------------------------------------------------------------------------------------ SAPPHIRE INDUSTRIALS CORP COM 80306T109 1122 120000 SH OTHER 1 0 120000 0 ------------------------------------------------------------------------------------------------------------------------------------ SELECTICA INC COM 816288104 4294 3181091 SH OTHER 1 0 3181091 0 ------------------------------------------------------------------------------------------------------------------------------------ STONELEIGH PARTNERS ACQUS COM 861923100 4409 573700 SH OTHER 1 0 573700 0 CO ------------------------------------------------------------------------------------------------------------------------------------ TRANSFORMA ACQUISITION COM 89366E100 4914 624800 SH OTHER 1 0 624800 0 GROUP ------------------------------------------------------------------------------------------------------------------------------------ TRIAN ACQUISITION I CORP COM 89582E108 1842 200000 SH OTHER 1 0 200000 0 ------------------------------------------------------------------------------------------------------------------------------------ TRIPLECROWN ACQUISITION COM 89677G109 3177 346505 SH OTHER 1 0 346505 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ UNION STREET ACQ CORP COM 908536105 1118 143300 SH OTHER 1 0 143300 0 ------------------------------------------------------------------------------------------------------------------------------------ UNISYS CORP COM 909214108 39049 9885904 SH OTHER 1 0 9885904 0 ------------------------------------------------------------------------------------------------------------------------------------ UNITED REFINING ENERGY COM 911360105 945 100000 SH OTHER 1 0 100000 0 CORP ------------------------------------------------------------------------------------------------------------------------------------