SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1) (1)
Laclede Steel Company
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
505606 10 3
(CUSIP Number)
William R. Lucas, Jr.
Birmingham Steel Corporation
1000 Urban Center Drive, Suite 300
Birmingham, Alabama 35242
Telephone Number (205)970-1231
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 26, 1997
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box.( )
Note. Six copies of this statement, including all exhibits,should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
(continued on following pages)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Item 4. Purpose of Transaction.
Paragraph one of Item 4 is hereby amended to read as follows:
Background. Prior to September 19, 1997, Ivaco owned directly
2,018,650 shares of the Company's Common Stock and 366,667
shares of the Company's Series A Preferred Stock, no par value
(the "Preferred Stock"). The Preferred Stock is not registered
under Section 12 of the Securities Exchange Act of 1934 and
has no voting rights, but is convertible at any time by the
holder thereof into 4.69 shares of the Common Stock. As of
September 19, 1997, Ivaco divided its holdings of Common Stock
and Preferred Stock by contributing an equal amount to two
newly formed Delaware limited liability companies.
Specifically, Ivaco contributed 1,009,325 shares of the Common
Stock (the "Holdings I Common Shares") and 183,333 shares of
the Preferred Stock (the "Holdings I Preferred Shares," and
together with the Holdings I Common Shares, the "Holdings I
Shares") to LCL Holdings I in exchange for 100% of the
membership interests in LCL Holdings I and (ii) contributed
1,009,325 shares of the Common Stock (the "Holdings II Common
Shares") and 183,334 shares of the Preferred Stock (the
"Holdings II Preferred Shares," and together with the Holdings
II Common Shares, the "Holdings II Shares") to LCL Holdings II
in exchange for 100% of the membership interests in LCL
Holdings II.
The remainder of Item 4 is not amended.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
October 10, 1997
BIRMINGHAM STEEL CORPORATION
By:/s/William R. Lucas, Jr.
William R. Lucas, Jr.
Its: Executive Vice President -
Administration and General
Counsel
MIDWEST HOLDINGS, INC.
By:/s/William R. Lucas, Jr.
William R. Lucas, Jr.
Its: Executive Vice President -
Administration and General
Counsel
LCL HOLDINGS II, LLC
By:/s/William R. Lucas, Jr.
William R. Lucas, Jr.
Its: Manager
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