13F-HR 1 e605747_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: June 30, 2009 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, 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: 26 ------------------ Form 13F Information Table Value Total: $592249 ------------------ (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 61404 23171338 SH OTHER 1 0 23171338 0 ---------------------------------------------------------------------------------------------------------------------------------- ALTERNATIVE ASSET MGMT ACQU COM 02149U101 959 98200 SH OTHER 1 0 98200 0 ---------------------------------------------------------------------------------------------------------------------------------- CONSECO INC DBCV 3.500% 9/3 208464BH9 30801 59807000 PRN OTHER 1 0 59807000 0 ---------------------------------------------------------------------------------------------------------------------------------- CONSECO INC COM NEW 208464883 30666 12939157 SH OTHER 1 0 12939157 0 ---------------------------------------------------------------------------------------------------------------------------------- CONTINENTAL MATLS CORP COM PAR $0.25 211615307 3733 330900 SH OTHER 1 0 330900 0 ---------------------------------------------------------------------------------------------------------------------------------- EARTHLINK INC COM 270321102 50379 6798821 SH OTHER 1 0 6798821 0 ---------------------------------------------------------------------------------------------------------------------------------- FORTRESS INVESTMENT GROUP LL CL A 34958B106 68 20000 SH OTHER 1 0 20000 0 ---------------------------------------------------------------------------------------------------------------------------------- GENCORP INC COM 368682100 15345 8034059 SH OTHER 1 0 8034059 0 ---------------------------------------------------------------------------------------------------------------------------------- GEOPETRO RESOURCES CO COM 37248H304 8 17070 SH OTHER 1 0 17070 0 ---------------------------------------------------------------------------------------------------------------------------------- HICKS ACQUISITION CO I INC COM 429086309 1918 200000 SH OTHER 1 0 200000 0 ---------------------------------------------------------------------------------------------------------------------------------- HIGHLANDS ACQUISITION CORP COM 430880104 5454 560000 SH OTHER 1 0 560000 0 ---------------------------------------------------------------------------------------------------------------------------------- LIBERTY ACQUISITION HLDGS CO COM 53015Y107 222 24480 SH OTHER 1 0 24480 0 ---------------------------------------------------------------------------------------------------------------------------------- NATHANS FAMOUS INC NEW COM 632347100 13552 1018200 SH OTHER 1 0 1018200 0 ---------------------------------------------------------------------------------------------------------------------------------- OCH ZIFF CAP MGMT GROUP CL A 67551U105 89 10000 SH OTHER 1 0 10000 0 ---------------------------------------------------------------------------------------------------------------------------------- P & F INDS INC CL A NEW 692830508 628 330441 SH OTHER 1 0 330441 0 ---------------------------------------------------------------------------------------------------------------------------------- ROWAN COS INC COM 779382100 190847 9878219 SH OTHER 1 0 9878219 0 ---------------------------------------------------------------------------------------------------------------------------------- S L INDS INC COM 784413106 11260 1608550 SH OTHER 1 0 1608550 0 ---------------------------------------------------------------------------------------------------------------------------------- SP ACQUISITION HOLDINGS INC COM 78470A104 99921 10322400 SH OTHER 1 0 10322400 0 ---------------------------------------------------------------------------------------------------------------------------------- SP ACQUISITION *W EXP HOLDINGS INC 10/10/201 78470A112 1009 16822400 SH OTHER 1 0 16822400 0 ---------------------------------------------------------------------------------------------------------------------------------- SAPPHIRE INDUSTRIALS CORP COM 80306T109 1172 120000 SH OTHER 1 0 120000 0 ---------------------------------------------------------------------------------------------------------------------------------- SELECTICA INC COM 816288104 3534 8415362 SH OTHER 1 0 8415362 0 ---------------------------------------------------------------------------------------------------------------------------------- TRIAN ACQUISITION I CORP COM 89582E108 1914 200000 SH OTHER 1 0 200000 0 ---------------------------------------------------------------------------------------------------------------------------------- TRIPLECROWN ACQUISITION CORP COM 89677G109 3326 346505 SH OTHER 1 0 346505 0 ---------------------------------------------------------------------------------------------------------------------------------- UNISYS CORP COM 909214108 39314 26035486 SH OTHER 1 0 26035486 0 ---------------------------------------------------------------------------------------------------------------------------------- UNITED REFINING ENERGY CORP COM 911360105 978 100000 SH OTHER 1 0 100000 0 ---------------------------------------------------------------------------------------------------------------------------------- WHX CORP COM PAR $.01 NEW 929248607 23748 9133889 SH OTHER 1 0 9133889 0 ----------------------------------------------------------------------------------------------------------------------------------