13F-HR 1 e605054_13fhr-steel.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: December 31, 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, February 17, 2009 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: 48 ------------------ Form 13F Information Table Value Total: $820418 ------------------ (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 76465 23171338 SH OTHER 1 0 23171338 0 ------------------------------------------------------------------------------------------------------------------------------------ ALTERNATIVE ASSET MGMT ACQU COM 02149U101 924 100000 SH OTHER 1 0 100000 0 ------------------------------------------------------------------------------------------------------------------------------------ ATLAS ACQUISITION HLDGS COM 049162100 186 20500 SH OTHER 1 0 20500 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ ATLAS ACQUISITION HLDGS UNIT 049162209 374 41100 SH OTHER 1 0 41100 0 CORP 99/99/9999 ------------------------------------------------------------------------------------------------------------------------------------ BEVERLY HILLS BANCORP DEL COM 087866109 14 39529 SH OTHER 1 0 39529 0 ------------------------------------------------------------------------------------------------------------------------------------ BRINKS CO COM 109696104 77253 2874000 SH CALL OTHER 1 0 2874000 0 ------------------------------------------------------------------------------------------------------------------------------------ CENTERPLATE INC UNIT 15200E204 83 48400 SH OTHER 1 0 48400 0 99/99/9999 ------------------------------------------------------------------------------------------------------------------------------------ CHEMTURA CORP COM 163893100 2005 1432058 SH OTHER 1 0 1432058 0 ------------------------------------------------------------------------------------------------------------------------------------ COLUMBUS ACQUISITION CORP COM 198851107 383 50000 SH OTHER 1 0 50000 0 ------------------------------------------------------------------------------------------------------------------------------------ CONSECO INC COM NEW 208464883 74859 14451460 SH OTHER 1 0 14451460 0 ------------------------------------------------------------------------------------------------------------------------------------ CONTINENTAL MATLS CORP COM PAR 211615307 5324 330900 SH OTHER 1 0 330900 0 $0.25 ------------------------------------------------------------------------------------------------------------------------------------ EARTHLINK INC COM 270321102 76716 11348540 SH OTHER 1 0 11348540 0 ------------------------------------------------------------------------------------------------------------------------------------ ENSCO INTL INC COM 26874Q100 10255 361221 SH OTHER 1 0 361221 0 ------------------------------------------------------------------------------------------------------------------------------------ FORTRESS INVESTMENT GROUP CL A 34958B106 20 20000 SH OTHER 1 0 20000 0 LL ------------------------------------------------------------------------------------------------------------------------------------ GENCORP INC COM 368682100 29565 8034059 SH OTHER 1 0 8034059 0 ------------------------------------------------------------------------------------------------------------------------------------
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 -------------- -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- GEOPETRO RESOURCES CO COM 37248H304 12 17070 SH OTHER 1 0 17070 0 ------------------------------------------------------------------------------------------------------------------------------------ GLOBAL SHIP LEASE INC NEW SHS A Y27183105 1024 357922 SH OTHER 1 0 357922 0 ------------------------------------------------------------------------------------------------------------------------------------ HERBALIFE LTD COM USD SHS G4412G101 217 10000 SH OTHER 1 0 10000 0 ------------------------------------------------------------------------------------------------------------------------------------ HICKS ACQUISITION CO I INC COM 429086309 1820 200000 SH OTHER 1 0 200000 0 ------------------------------------------------------------------------------------------------------------------------------------ HIGHLANDS ACQUISITION CORP COM 430880104 5152 560000 SH OTHER 1 0 560000 0 ------------------------------------------------------------------------------------------------------------------------------------ ISHARES TR RUSSELL 464287655 1749 35500 SH OTHER 1 0 35500 0 2000 ------------------------------------------------------------------------------------------------------------------------------------ KEY ENERGY SVCS INC COM 492914106 6785 1538532 SH OTHER 1 0 1538532 0 ------------------------------------------------------------------------------------------------------------------------------------ LIBERTY ACQUISITION HLDGS COM 53015Y107 203 24480 SH OTHER 1 0 24480 0 CO ------------------------------------------------------------------------------------------------------------------------------------ MEDIA & ENTMT HOLDINGS INC COM 58439W108 169 22000 SH OTHER 1 0 22000 0 ------------------------------------------------------------------------------------------------------------------------------------ NATHANS FAMOUS INC NEW COM 632347100 12952 1018200 SH OTHER 1 0 1018200 0 ------------------------------------------------------------------------------------------------------------------------------------ NAUGATUCK VY FINL CORP COM 639067107 81 15917 SH OTHER 1 0 15917 0 ------------------------------------------------------------------------------------------------------------------------------------ NORTHFIELD LABS INC COM 666135108 87 87800 SH OTHER 1 0 87800 0 ------------------------------------------------------------------------------------------------------------------------------------ OCH ZIFF CAP MGMT GROUP CL A 67551U105 52 10000 SH OTHER 1 0 10000 0 ------------------------------------------------------------------------------------------------------------------------------------ P & F INDS INC CL A NEW 692830508 421 351085 SH OTHER 1 0 351085 0 ------------------------------------------------------------------------------------------------------------------------------------ PHARMATHENE INC COM 71714G102 2996 1302800 SH OTHER 1 0 1302800 0 ------------------------------------------------------------------------------------------------------------------------------------ PRIDE INTL INC DEL COM 74153Q102 23970 1500000 SH CALL OTHER 1 0 1500000 0 ------------------------------------------------------------------------------------------------------------------------------------ RENAISSANCE ACQUISITION W EXP 75966C115 14 476200 SH OTHER 1 0 476200 0 CORP 01/28/201 ------------------------------------------------------------------------------------------------------------------------------------ RENAISSANCE ACQUISITION COM 75966C305 5853 1064100 SH OTHER 1 0 1064100 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ RONSON CORP COM NEW 776338204 256 483035 SH OTHER 1 0 483035 0 ------------------------------------------------------------------------------------------------------------------------------------
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 -------------- -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- ROWAN COS INC COM 779382100 130280 8193717 SH OTHER 1 0 8193717 0 ------------------------------------------------------------------------------------------------------------------------------------ ROWAN COS INC COM 779382100 39750 2500000 SH CALL OTHER 1 0 2500000 0 ------------------------------------------------------------------------------------------------------------------------------------ S L INDS INC COM 784413106 14155 1608550 SH OTHER 1 0 1608550 0 ------------------------------------------------------------------------------------------------------------------------------------ SP ACQUISITION HOLDINGS COM 78470A104 94140 10322400 SH OTHER 1 0 10322400 0 INC ------------------------------------------------------------------------------------------------------------------------------------ SP ACQUISITION HOLDINGS *W EXP 78470A112 2692 16822400 SH OTHER 1 0 16822400 0 INC 10/10/201 ------------------------------------------------------------------------------------------------------------------------------------ SAPPHIRE INDUSTRIALS CORP COM 80306T109 1105 120000 SH OTHER 1 0 120000 0 ------------------------------------------------------------------------------------------------------------------------------------ SELECTICA INC COM 816288104 3534 4207681 SH OTHER 1 0 4207681 0 ------------------------------------------------------------------------------------------------------------------------------------ STONELEIGH PARTNERS ACQUS COM 861923100 4475 573700 SH OTHER 1 0 573700 0 CO ------------------------------------------------------------------------------------------------------------------------------------ TRANSFORMA ACQUISITION COM 89366E100 5061 624800 SH OTHER 1 0 624800 0 GROUP ------------------------------------------------------------------------------------------------------------------------------------ TRIAN ACQUISITION I CORP COM 89582E108 1782 200000 SH OTHER 1 0 200000 0 ------------------------------------------------------------------------------------------------------------------------------------ TRIPLECROWN ACQUISITION COM 89677G109 3136 346505 SH OTHER 1 0 346505 0 CORP ------------------------------------------------------------------------------------------------------------------------------------ UNISYS CORP COM 909214108 28075 33029847 SH OTHER 1 0 33029847 0 ------------------------------------------------------------------------------------------------------------------------------------ UNITED REFINING ENERGY CORP COM 911360105 923 100000 SH OTHER 1 0 100000 0 ------------------------------------------------------------------------------------------------------------------------------------ WHX CORP COM PAR 929248607 73071 9133889 SH OTHER 1 0 9133889 0 $.01 NEW ------------------------------------------------------------------------------------------------------------------------------------