Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHWARZ MARK E
   2. Issuer Name and Ticker or Trading Symbol
SL INDUSTRIES INC [SLI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
200 CRESCENT COURT, STE 1400		 3. Date of Earliest Transaction (Month/Day/Year)
07/09/2010
(Street)

DALLAS, TX 75201		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/09/2010   J(1)   7,566 (1) D $ 0 209,490 I (2) see footnotes
Common Stock 07/09/2010   J(3)   1,560 A $ 0 1,560 D (2)  
Common Stock 07/09/2010   J(4)   1,560 D $ 0 209,490 I (2) (5) see footnotes

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHWARZ MARK E
200 CRESCENT COURT
STE 1400
DALLAS, TX 75201		   X      

Signatures

 /s/ Mark E. Schwarz   07/13/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Transaction constitutes a distribution of shares by NP in satisfaction of redemption requests as of June 30, 2010. Amount indicated (7,566) reflects shares distributed to limited partners other than Mark Schwarz as described in footnote 3.
(2) The Reporting Person is a director of the Issuer. Newcastle Capital Management, LP is the general partner of Newcastle Partners, LP. and Newcastle Focus Fund II, L.P. Newcastle Capital Group, LLC is the general partner of Newcastle Capital Management, LP. The Reporting Person is the managing member of Newcastle Capital Group, LLC. Accordingly, the Reporting Person may be deemed to beneficially own the shares of the Issuer's Common Stock directly owned by Newcastle Partners, L.P. and Newcastle Focus Fund II, L.P. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common stock owned by Newcastle Partners, L.P. and Newcastle Focus Fund II, L.P. except to the extent of his pecuniary interest therein.
(3) Transaction constitutes a distribution by Newcastle Partners, L.P. to Mark Schwarz in satisfaction of a partial redemption as of June 30, 2010.
(4) Transaction constitutes a contribution of shares by Mark Schwarz to Newcastle Focus Fund II, L.P..
(5) Includes, as of 07/13/2010 after giving effect to the transactions reported herein, (1) 181,807 shares of the Issuer's Common Stock owned by Newcastle Partners, L.P., (2) 1,560 shares of the Issuer's Common Stock owned by Newcastle Focus Fund II, L.P. and (3) 26,123 vested options exercisable into shares of the Issuer's Common Stock owned by the Reporting Person.

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