13F-HR 1 e604655_13fhr.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: September 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, November 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: 53 ------------------ Form 13F Information Table Value Total: $1210725 ------------------ (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 70893 21613733 SH OTHER 1 0 21613733 0 ----------------------------------------------------------------------------------------------------------------------------------- ALTERNATIVE ASSET MGMT COM 02149U101 900 100000 SH OTHER 1 0 100000 0 ACQU ----------------------------------------------------------------------------------------------------------------------------------- ATLAS ACQUISITION HLDGS COM 049162100 184 20500 SH OTHER 1 0 20500 0 CORP ----------------------------------------------------------------------------------------------------------------------------------- ATLAS ACQUISITION HLDGS UNIT 049162209 370 41100 SH OTHER 1 0 41100 0 CORP 99/99/9999 ----------------------------------------------------------------------------------------------------------------------------------- BEVERLY HILLS BANCORP DEL COM 087866109 49 39529 SH OTHER 1 0 39529 0 ----------------------------------------------------------------------------------------------------------------------------------- BRINKS CO COM 109696104 175371 2874000 SH CALL OTHER 1 0 2874000 0 ----------------------------------------------------------------------------------------------------------------------------------- CENTERPLATE INC UNIT 15200E204 147 48400 SH OTHER 1 0 48400 0 99/99/9999 ----------------------------------------------------------------------------------------------------------------------------------- CHEMTURA CORP COM 163893100 17365 3808167 SH OTHER 1 0 3808167 0 ----------------------------------------------------------------------------------------------------------------------------------- CHURCHILL VENTURES LTD COM 17157P109 1484 190300 SH OTHER 1 0 190300 0 ----------------------------------------------------------------------------------------------------------------------------------- COLUMBUS ACQUISITION CORP COM 198851107 380 50000 SH OTHER 1 0 50000 0 ----------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 63869 18144661 SH OTHER 1 0 18144661 0 ----------------------------------------------------------------------------------------------------------------------------------- CONTINENTAL MATLS CORP COM PAR 211615307 6840 335700 SH OTHER 1 0 335700 0 $0.25 ----------------------------------------------------------------------------------------------------------------------------------- EARTHLINK INC COM 270321102 96463 11348540 SH OTHER 1 0 11348540 0 ----------------------------------------------------------------------------------------------------------------------------------- ENSCO INTL INC COM 26874Q100 28815 500000 SH CALL OTHER 1 0 500000 0 ----------------------------------------------------------------------------------------------------------------------------------- FORTRESS INVESTMENT CL A 34958B106 210 20000 SH OTHER 1 0 20000 0 GROUP LL ----------------------------------------------------------------------------------------------------------------------------------- GENCORP INC COM 368682100 54150 8034059 SH OTHER 1 0 8034059 0 ----------------------------------------------------------------------------------------------------------------------------------- GEOPETRO RESOURCES CO COM 37248H304 39 17070 SH OTHER 1 0 17070 0 ----------------------------------------------------------------------------------------------------------------------------------- GLOBAL SHIP LEASE INC NEW SHS A Y27183105 14938 2345000 SH OTHER 1 0 2345000 0 ----------------------------------------------------------------------------------------------------------------------------------- GRANAHAN MCCOURT ACQ CORP COM 385034103 2024 246800 SH OTHER 1 0 246800 0 ----------------------------------------------------------------------------------------------------------------------------------- GRANAHAN MCCOURT ACQ CORP *W EXP 385034111 307 750000 SH OTHER 1 0 750000 0 10/18/201 ----------------------------------------------------------------------------------------------------------------------------------- HICKS ACQUISITION CO I INC COM 429086309 1790 200000 SH OTHER 1 0 200000 0 ----------------------------------------------------------------------------------------------------------------------------------- HIGHLANDS ACQUISITION CORP COM 430880104 5040 560000 SH OTHER 1 0 560000 0 ----------------------------------------------------------------------------------------------------------------------------------- JOHNSON OUTDOORS INC CL A 479167108 5508 437114 SH OTHER 1 0 437114 0 ----------------------------------------------------------------------------------------------------------------------------------- KEY ENERGY SVCS INC COM 492914106 17762 1531176 SH OTHER 1 0 1531176 0 ----------------------------------------------------------------------------------------------------------------------------------- MEDIA & ENTMT HOLDINGS INC COM 58439W108 165 22000 SH OTHER 1 0 22000 0 ----------------------------------------------------------------------------------------------------------------------------------- MERIDIAN INTERSTAT COM 58964Q104 613 60000 SH OTHER 1 0 60000 0 BANCORP I ----------------------------------------------------------------------------------------------------------------------------------- NATHANS FAMOUS INC NEW COM 632347100 16179 1018200 SH OTHER 1 0 1018200 0 ----------------------------------------------------------------------------------------------------------------------------------- NAUGATUCK VY FINL CORP COM 639067107 127 15917 SH OTHER 1 0 15917 0 ----------------------------------------------------------------------------------------------------------------------------------- NEW FRONTIER MEDIA INC COM 644398109 6314 2652935 SH OTHER 1 0 2652935 0 ----------------------------------------------------------------------------------------------------------------------------------- NORTHFIELD LABS INC COM 666135108 25 87800 SH OTHER 1 0 87800 0 ----------------------------------------------------------------------------------------------------------------------------------- OCH ZIFF CAP MGMT GROUP CL A 67551U105 117 10000 SH OTHER 1 0 10000 0 ----------------------------------------------------------------------------------------------------------------------------------- ORIENT-EXPRESS HOTELS LTD CL A G67743107 6674 276600 SH OTHER 1 0 276600 0 ----------------------------------------------------------------------------------------------------------------------------------- P & F INDS INC CL A NEW 692830508 790 351085 SH OTHER 1 0 351085 0 ----------------------------------------------------------------------------------------------------------------------------------- PHARMATHENE INC COM 71714G102 1916 1076594 SH OTHER 1 0 1076594 0 ----------------------------------------------------------------------------------------------------------------------------------- PRIDE INTL INC DEL COM 74153Q102 44415 1500000 SH CALL OTHER 1 0 1500000 0 ----------------------------------------------------------------------------------------------------------------------------------- RENAISSANCE ACQUISITION W EXP 75966C115 29 476200 SH OTHER 1 0 476200 0 CORP 01/28/201 ----------------------------------------------------------------------------------------------------------------------------------- RENAISSANCE ACQUISITION COM 75966C305 5906 1064100 SH OTHER 1 0 1064100 0 CORP ----------------------------------------------------------------------------------------------------------------------------------- RONSON CORP COM NEW 776338204 558 483035 SH OTHER 1 0 483035 0 ----------------------------------------------------------------------------------------------------------------------------------- ROWAN COS INC COM 779382100 311418 10193717 SH OTHER 1 0 10193717 0 ----------------------------------------------------------------------------------------------------------------------------------- ROWAN COS INC COM 779382100 15275 500000 SH CALL OTHER 1 0 500000 0 ----------------------------------------------------------------------------------------------------------------------------------- S L INDS INC COM 784413106 21313 1608550 SH OTHER 1 0 1608550 0 ----------------------------------------------------------------------------------------------------------------------------------- SP ACQUISITION HOLDINGS COM 78470A104 95895 10322400 SH OTHER 1 0 10322400 0 INC ----------------------------------------------------------------------------------------------------------------------------------- SP ACQUISITION HOLDINGS *W EXP 78470A112 5047 16822400 SH OTHER 1 0 16822400 0 INC 10/10/201 ----------------------------------------------------------------------------------------------------------------------------------- SAPPHIRE INDUSTRIALS CORP COM 80306T109 1079 120000 SH OTHER 1 0 120000 0 ----------------------------------------------------------------------------------------------------------------------------------- SELECTICA INC COM 816288104 4129 4088019 SH OTHER 1 0 4088019 0 ----------------------------------------------------------------------------------------------------------------------------------- STONELEIGH PARTNERS COM 861923100 4331 573700 SH OTHER 1 0 573700 0 ACQUS CO ----------------------------------------------------------------------------------------------------------------------------------- TRANSFORMA ACQUISITION COM 89366E100 4905 624800 SH OTHER 1 0 624800 0 GROUP ----------------------------------------------------------------------------------------------------------------------------------- TRANSOCEAN INC NEW SHS G90073100 38444 350000 SH OTHER 1 0 350000 0 ----------------------------------------------------------------------------------------------------------------------------------- TRIAN ACQUISITION I CORP COM 89582E108 1770 200000 SH OTHER 1 0 200000 0 ----------------------------------------------------------------------------------------------------------------------------------- TRIPLECROWN ACQUISITION COM 89677G109 3067 346505 SH OTHER 1 0 346505 0 CORP ----------------------------------------------------------------------------------------------------------------------------------- UNION STREET ACQ CORP COM 908536105 1125 143300 SH OTHER 1 0 143300 0 ----------------------------------------------------------------------------------------------------------------------------------- UNISYS CORP COM 909214108 53298 19381110 SH OTHER 1 0 19381110 0 ----------------------------------------------------------------------------------------------------------------------------------- UNITED REFINING ENERGY COM 911360105 903 100000 SH OTHER 1 0 100000 0 CORP -----------------------------------------------------------------------------------------------------------------------------------