13F-HR 1 e606083_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: September 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: Jack L. Howard 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/ Jack L. Howard, New York, NY, November 16, 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: 13 ---------------------------------- Form 13F Information Table Value Total: $361331 ---------------------------------- (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 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- --------- -------- ------- --- ---- ---------- -------- ---- ------ ---- ADAPTEC INC COM 00651F108 43957 13160669 SH OTHER 1 0 13160669 0 CONSECO INC DBCV 3.500% 9/3 208464BH9 25878 28052040 PRN OTHER 1 0 28052040 0 CONSECO INC COM NEW 208464883 29268 5564183 SH OTHER 1 0 5564183 0 CONTINENTAL MATLS CORP COM PAR $0.25 211615307 1563 144762 SH OTHER 1 0 144762 0 GENCORP INC COM 368682100 18839 3514813 SH OTHER 1 0 3514813 0 NATHANS FAMOUS INC NEW COM 632347100 6557 445456 SH OTHER 1 0 445456 0 ROWAN COS INC COM 779382100 91038 3946146 SH OTHER 1 0 3946146 0 S L INDS INC COM 784413106 5630 703720 SH OTHER 1 0 703720 0 SP ACQUISITION HOLDINGS INC COM 78470A104 99921 10322400 SH OTHER 1 0 10322400 0 SP ACQUISITION HOLDINGS INC *W EXP 10/10/201 78470A112 1514 16822400 SH OTHER 1 0 16822400 0 SELECTICA INC COM 816288104 2777 8415362 SH OTHER 1 0 8415362 0 UNISYS CORP COM 909214108 26717 10006361 SH OTHER 1 0 10006361 0 WHX CORP COM PAR $.01 NEW 929248607 7672 3995974 SH OTHER 1 0 3995974 0