AVIAT NETWORKS, INC. — Director's Dealing 2021

Jan 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIAT NETWORKS, INC. (AVNW)
CIK: 0001377789
Period of Report: 2021-01-25

Reporting Person: Steel Excel Inc. (10% Owner)
Reporting Person: SPH Group Holdings LLC (10% Owner)
Reporting Person: SPH Group LLC (10% Owner)
Reporting Person: Steel Partners Holdings GP Inc. (10% Owner)
Reporting Person: STEEL PARTNERS HOLDINGS L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-25	Common Stock, $0.01 par value	S	31787	$37.8513	Disposed	521958	Direct

Footnotes

F1: This Form 4 is filed jointly by Steel Excel Inc. ("Steel Excel"), Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings") and Steel Partners Holdings GP Inc. ("Steel Holdings GP", and collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the shares reported owned herein except to the extent of its pecuniary interest therein.

F2: The sale reported in this Form 4 was made pursuant to a Rule 10b5-1 Trading Plan adopted by Steel Excel on December 18, 2020.

F3: Shares of Common Stock owned directly by Steel Excel. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Steel Holdings owns 99% of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. Accordingly, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by Steel Excel.