13F-HR 1 form13fhr01874_02132004.txt 13F-HR 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, 2003 ----------------- 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-__________________ 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: Warren G. Lichtenstein Title: Managing Member of General Partner Phone: 212-758-3232 Signature, Place, and Date of Signing: /s/ Warren G. Lichtenstein, Aspen, CO, February 12, 2004 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: 34 Form 13F Information Table Value Total: $249461 (thousands) CERTAIN INFORMATION FOR WHICH WE ARE REQUESTING CONFIDENTIAL TREATMENT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 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-___________ 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 -------------- ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- AMERICAN INDEPENDENCE CORP COM NEW 026760405 3351 283711 SH OTHER 1 0 283711 0 ANGELICA CORP COM 034663104 17403 791050 SH OTHER 1 0 791050 0 BAIRNCO CORP COM 057097107 3484 572600 SH OTHER 1 0 572600 0 CONTINENTAL MATLS CORP COM PAR 211615307 9161 335700 SH OTHER 1 0 335700 0 $0.25 CRONOS GROUP S A SHS L20708100 5818 1154331 SH OTHER 1 0 1154331 0 DYNAMEX INC COM 26784F103 16875 1406219 SH OTHER 1 0 1406219 0 ENPRO INDS INC COM 29355X107 18466 1323700 SH OTHER 1 0 1323700 0 ENSTAR GROUP INC GA COM 29358R107 8686 184815 SH OTHER 1 0 184815 0 EQUIDYNE CORP COM 29442R105 184 306500 SH OTHER 1 0 306500 0 EVANS & SUTHERLAND SDCV 299096AA5 1757 2834000 PRN OTHER 1 N/A N/A N/A COMPUTER 6.000%3/0 EVANS & SUTHERLAND COM 299096107 1614 358640 SH OTHER 1 0 358640 0 COMPUTER FIRST YRS INC COM 337610109 1190 79673 SH OTHER 1 0 79673 0 GEMSTAR-TV GUIDE INTL INC COM 36866W106 462 91000 SH OTHER 1 0 91000 0 GENCORP INC COM 368682100 37456 3477800 SH OTHER 1 0 3477800 0 INDEPENDENCE HLDG CO NEW COM NEW 453440307 1695 70630 SH OTHER 1 0 70630 0 JPS INDUSTRIES INC COM 46624E405 3553 1404416 SH OTHER 1 0 1404416 0 JARDEN CORP COM 471109108 2260 82650 SH OTHER 1 0 82650 0 LAYNE CHRISTENSEN CO COM 521050104 8921 751542 SH OTHER 1 0 751542 0 METRO ONE TELECOMMUNICATIONS COM 59163F105 788 308912 SH OTHER 1 0 308912 0 NATHANS FAMOUS INC NEW COM 632347100 5091 1018200 SH OTHER 1 0 1018200 0 NATHANS FAMOUS INC NEW *W EXP 632347118 28 41437 SH OTHER 1 N/A N/A N/A 09/30/200 NEW VY CORP COM PAR 649080504 4820 1118357 SH OTHER 1 0 1118357 0 $.01 NOVOSTE CORP COM 67010C100 7660 1599207 SH OTHER 1 0 1599207 0 P & F INDS INC CL A NEW 692830508 3072 351085 SH OTHER 1 0 351085 0 PREMIERE TECHNOLOGIES INC NOTE 74058FAC6 1272 1272000 PRN OTHER 1 N/A N/A N/A 5.750% 7/0 PTEK HLDGS INC COM 69366M104 29523 3351049 SH OTHER 1 0 3351049 0 RONSON CORP COM NEW 776338204 932 377261 SH OTHER 1 0 377261 0 ROTO ROOTER INC NEW COM 778787101 461 10000 SH OTHER 1 0 10000 0 S L INDS INC COM 784413106 11252 1402950 SH OTHER 1 0 1402950 0 STAMPS COM INC COM 852857101 5038 812600 SH OTHER 1 0 812600 0 STRATEGIC DISTR INC COM NEW 862701307 4208 299489 SH OTHER 1 0 299489 0 SUMMIT AMER TELEVISION INC COM 86600T109 98 25000 SH OTHER 1 0 25000 0 UNITED INDL CORP COM 910671106 28556 1582050 SH OTHER 1 0 1582050 0 WEBFINANCIAL CORP COM 94767P100 4326 1737345 SH OTHER 1 0 1737345 0