| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SPLP | Common Units no par value | Award | +76.3K | +3.8% | 2.08M | Mar 7, 2025 | By SPH SPV-I LLC | F1, F3, F6 | ||
| holding | SPLP | Common Units no par value | 794K | Mar 7, 2025 | Direct | F1 | |||||
| holding | SPLP | Common Units no par value | 20K | Mar 7, 2025 | By Son | F1, F5 | |||||
| holding | SPLP | Common Units no par value | 5.28M | Mar 7, 2025 | By Steel Partners, Ltd. | F1, F2 | |||||
| holding | SPLP | Common Units no par value | 1.49M | Mar 7, 2025 | By WGL Capital LLC | F1, F4 | |||||
| holding | SPLP | 6% Series A Preferred Units | 417K | Mar 7, 2025 | Direct | F1 |
| Id | Content |
|---|---|
| F1 | This Form 4 is filed jointly by WGL Capital LLC ("WGL"), Steel Partners, Ltd. ("SPL"), SPH SPV-I LLC ("SPH SPV") and Warren G. Lichtenstein (collectively, the "Reporting Persons"). 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 Common Units. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of his or its pecuniary interest therein. |
| F2 | Mr. Lichtenstein, as the Chief Executive Officer of SPL, may be deemed to beneficially own the Common Units owned directly by SPL. |
| F3 | Mr. Lichtenstein, as the Managing Member of SPH SPV, may be deemed to beneficially own the Common Units owned directly by SPH SPV. |
| F4 | SPL, as the sole Member of WGL, and Mr. Lichtenstein, as the Manager of WGL and the Chief Executive Officer of SPL, may be deemed to beneficially own the Common Units owned directly by WGL. |
| F5 | Mr. Lichtenstein disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Lichtenstein is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| F6 | On March 7, 2025, SPH SPV was issued 76,323 Common Units, representing an equal number of Class C Common Units earned with respect to certain Incentive Units received pursuant to the Incentive Unit Agreement effective as of May 11, 2012 by and between the Issuer and SPH SPV, that simultaneously converted into Common Units upon issuance. For more information on the Incentive Unit Agreement and Class C Common Units, see "Transactions with Related Persons" in the Issuer's proxy statement on Schedule 14A filed with the SEC on April 11, 2024. |