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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Bethlehem Steel Corporation
-----------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
087509 10 5
-----------
(CUSIP Number)
Check the following if a fee is being paid with this statement [_]. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent of such class.) (See
Rule 13d-7.)
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 ("Act") 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).
1
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CUSIP NO. 087509 10 5 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Corporation
Tax Identification No. 41-0449260
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
6,774,996(1)
BENEFICIALLY -----------------------------------------------------------
SHARED VOTING POWER
OWNED BY 6
114,102(2)
EACH -----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
REPORTING
7,741,313(3)
PERSON 8 -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH
15,403(4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,807,998(5)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
(1) Includes 9,088 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(2) Includes 1,974 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(3) Includes 4,226 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(4) Includes 6,633 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(5) Includes 10,858 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
2
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CUSIP NO. 087509 10 5 13G
- --------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Colorado, Inc.
Tax Identification No. 84-1187164
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
COLORADO
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 6,773,059(1)
------------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY 114,102(2)
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 7,738,581(3)
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 15,299(4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,805,161(5)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
(1) Includes 7,884 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(2) Includes 1,974 shares issuable upon conversion of $5.00 Convertible
Preferred Stock.
(3) Includes 3,106 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(4) Includes 6,549 shares issuable upon conversion of $5.00 Convertible
Preferred Stock.
(5) Includes 9,654 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
3
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CUSIP NO. 087509 10 5 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Bank Colorado, National Association (successor to
Norwest Bank Denver, National Association)
Tax Identification No. 84-0187632
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 6,772,059(1)
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 91,775(2)
7 ------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 7,719,581(3)
8 ------------------------------------------------------------
PERSON SHARED DISPOSITIVE POWER
WITH 11,149(4)
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,781,834(5)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.6%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BK
- --------------------------------------------------------------------------------
(1) Includes 7,884 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(2) Includes 1,770 shares issuable upon conversion of $5.00 Convertible
Preferred Stock.
(3) Includes 3,106 shares issuable upon conversion of $2.50 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
(4) Includes 6,549 shares issuable upon conversion of $5.00 Convertible
Preferred Stock.
(5) Includes 9,654 shares issuable upon conversion of $2.10 Convertible
Preferred Stock and $5.00 Convertible Preferred Stock.
4
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Item 1(a) Name of Issuer:
- --------- --------------
Bethlehem Steel Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
Martin Tower
Bethlehem, PA 18016-7699
Item 2(a) Name of Person Filing:
- --------- ---------------------
1. Norwest Corporation
2. Norwest Colorado, Inc. ("NCI")
3. Norwest Bank Colorado, National Association (successor to
Norwest Bank Denver, National Association) ("NBC")
This statement is filed by Norwest Corporation on behalf of
all of the persons listed above pursuant to Rule 13d-1(b).
Attached is an agreement among the persons listed above to
that effect. NCI is a direct subsidiary of Norwest
Corporation. NBC is a direct subsidiary of NCI and an
indirect subsidiary of Norwest Corporation.
5
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Item 2(b) Address of Principal Business Office(s):
- --------- ---------------------------------------
1. Norwest Corporation
Norwest Center
Sixth and Marquette
Minneapolis, MN 55479-1000
2. Norwest Colorado, Incorporated
One United Bank Center
1700 Lincoln Street
Denver, CO 80274-0010
3. Norwest Bank Colorado, National Association
1700 Broadway
Denver, CO 80274-0005
Item 2(c) Citizenship:
- --------- -----------
1. Norwest Corporation is a Delaware corporation.
2. NCI is a Colorado corporation.
3. NBC is a national banking association.
Item 2(d) Title of Class of Securities:
- --------- ----------------------------
Common Stock
Item 2(e) CUSIP Number:
- --------- ------------
087509 10 5
Item 3 Type of Person:
- ------ --------------
(g) Parent holding company for Norwest Corporation
(g) Parent holding company for NCI
(b) Bank for NBC
Item 4 Ownership:
- ------ ---------
1. Norwest Corporation
(a) Amount Beneficially Owned. At December 31, 1993, Norwest
Corporation was deemed to own, indirectly through its
subsidiaries, 7,807,998 shares. This amount includes (i) shares
issuable upon conversion of 2,233 shares of $2.50 Convertible
Preferred Stock, with a conversion ratio of .84x ("$2.50
Preferred") and 5,075 shares of $5.00 Convertible Preferred Stock,
with a conversion ratio of 1.7699x ("$5.00 Preferred"), and (ii)
the shares reported below as held by NCI and NBC. Norwest
Corporation has no other rights to acquire additional shares
through the exercise of options or otherwise.
(b) Percent of Class: 8.6%
6
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(c) Number of shares as to which Norwest Corporation, indirectly
through its subsidiaries, has:
(i) Sole power to vote or direct the vote: 6,774,996
(includes shares issuable upon conversion of 2,233
shares of $2.50 Preferred and 4,075 shares of $5.00
Preferred).
(ii) Shared power to vote or direct the vote: 114,102
(includes shares issuable upon conversion of 1,100
shares of $5.00 Preferred).
(iii) Sole power to dispose or to direct the disposition of:
7,741,313 (includes shares issuable upon conversion
of 2,133 shares of $2.50 Preferred and 1,375 shares
of $3.625 Preferred).
(iv) Shared power to dispose or direct the disposition of:
15,403 (includes shares issuable upon conversion of
100 shares of $2.50 Preferred and 3,700 shares of
$5.00 Preferred).
2. NCI
(a) Amount Beneficially Owned. At December 31, 1993, NCI was
deemed to own, indirectly through its subsidiaries, 7,805,161
shares. This amount includes (i) shares issuable upon conversion
of 800 shares of $2.50 Preferred and 5,075 shares of $5.00
Preferred, and (ii) shares reported below as held by NBC. NCI has
no other rights to acquire additional shares through the exercise
of options or otherwise.
(b) Percent of Class: 8.6%
(c) Number of shares as to which NCI, indirectly through its
subsidiaries, has:
(i) Sole power to vote or direct the vote: 6,773,059
(includes shares issuable upon conversion of 800
shares of $2.50 Preferred and 4,075 shares of $5.00
Preferred).
(ii) Shared power to vote or direct the vote: 114,102
(includes shares issuable upon conversion of 1,100
shares of $5.00 Preferred).
(iii) Sole power to dispose or to direct the disposition of:
7,738,581 (includes shares issuable upon conversion
of 800 shares of $2.50 Preferred and 1,375 shares of
$5.00 Preferred).
(iv) Shared power to dispose or direct the disposition of:
15,299 (includes shares issuable upon conversion of
3,700 shares of $5.00 Preferred).
7
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3. NBC
(a) Amount Beneficially Owned. At December 31, 1993, NBC was deemed
to own 7,781,834 shares. This amount includes shares issuable upon
conversion of 800 shares of $2.50 Preferred and 5,075 shares of $5.00
Preferred. NBC has no other rights to acquire additional shares
through the exercise of options or otherwise.
(b) Percent of Class: 8.6%
(c) Number of shares at to which NBC has:
(i) Sole power to vote or direct the vote: 6,772,059
(includes shares issuable upon conversion of 800
shares of $2.50 Preferred and 4,075 shares of $5.00
Preferred).
(ii) Shared power to vote or direct the vote: 91,775 (includes
shares issuable upon conversion of 1,000 shares of $5.00
Preferred).
(iii) Sole power to dispose or to direct the disposition of:
7,719,581 (includes shares issuable upon conversion of
800 shares of $2.50 Preferred and 1,375 shares of
$5.00 Preferred).
(iv) Shared power to dispose or direct the disposition of:
11,149 (includes shares issuable upon conversion of 3,700
shares of $5.00 Preferred).
The persons filing disclaim beneficial ownership of, and the filing of
this statement shall not be construed as an admission that the persons
filing are beneficial owners of, the shares covered by this statement
for purposes of Sections 13, 14, or 16 of the Act.
Item 5 Ownership of Five Percent or Less of Class:
- ------ ------------------------------------------
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
- ------ ---------------------------------------------------------------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
- ------ ------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company:
------------------------------------------------------------
See Exhibit A
Item 8 Identification and Classification of Members of the Group:
- ------ ---------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
- ------ ------------------------------
Not Applicable
8
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Item 10 Certification:
- ------- -------------
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
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.
Dated: February 4, 1994
NORWEST CORPORATION
By /s/ Laurel A. Holschuh
----------------------
Laurel A. Holschuh, Senior Vice President
and Secretary
9
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EXHIBIT A
---------
(Attached to and forming a part of Schedule 13G filed by Norwest Corporation on
its own behalf and on behalf of Norwest Colorado, Inc. and Norwest Bank
Colorado, National Association regarding Bethlehem Steel Corporation Common
Stock.)
Item 7
- ------
(a) Norwest Bank Boulder, National Association is a bank - Item 3(b)
(b) Norwest Bank Colorado, National Association is a bank - Item 3(b)
(c) Norwest Bank Colorado Springs, National Association is a
bank - Item 3(b)
(d) Norwest Bank Greeley, National Association is a bank - Item 3(b)
(e) Norwest Bank Iowa, National Association is a bank - Item 3(b)
(f) Norwest Bank Minnesota, National Association is a bank - Item 3(b)
(g) Norwest Bank Minnesota North, National Association is a
bank - Item 3(b)
(h) Norwest Bank North Dakota, National Association is a bank - Item 3(b)
(i) Norwest Colorado, Inc. is a parent holding company - Item 3(g)
10
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AGREEMENT
---------
The undersigned hereby agree that the statement on Schedule 13G to which this
Agreement is attached shall be filed on behalf of Norwest Colorado, Inc. and
Norwest Bank Colorado, National Association by Norwest Corporation, which
directly holds 100% of the outstanding capital stock of Norwest Colorado, Inc.
and indirectly holds 100% of the outstanding capital stock of Norwest Bank
Colorado, National Association.
Dated: February 4, 1994
NORWEST CORPORATION
By: /s/ Laurel A. Holschuh
-----------------------
Laurel A. Holschuh, Senior Vice President
and Secretary
NORWEST COLORADO, INC.
By: /s/ Dennis D. Erickson
----------------------
Dennis D. Erickson, Executive Vice
President, Treasurer, Chief
Financial Officer, and Assistant
Secretary
NORWEST BANK COLORADO, NATIONAL ASSOCIATION
(successor to Norwest Bank Denver, National Association)
By: /s/ Denise B. Johnson
---------------------
Denise B. Johnson, Vice President
11
