SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
STEEL TECHNOLOGIES INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
858147 10 1
(CUSIP Number)
Check the following box 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
or less of such class.) (See Rule 13d-7.)
*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 ("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).
(Continued on following page(s))
Page 1 of 4 Pages
<PAGE>
CUSIP No. 858147 10 1 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merwin J. Ray
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
1,675,625
6. SHARED VOTING POWER
- 0 -
7. SOLE DISPOSITIVE POWER
1,648,625
8. SHARED DISPOSITIVE POWER
27,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,675,625
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.7%
12. TYPE OF REPORTING PERSON
IN
Page 2 of 4 Pages
<PAGE>
ITEM 1. NAME OF ISSUER
(a),(b) The name of the issuer of the securities covered by this
statement is Steel Technologies Inc. The issuer's principal
executive offices are located at 15415 Shelbyville Road,
Louisville, Kentucky 40245.
ITEM 2. NAME OF PERSON FILING
(a),(b),(c) The name of the person filing this statement is
Merwin J. Ray, whose principal business address is 15415
Shelbyville Road, Louisville, Kentucky 40245. Mr. Ray is a
citizen of the United States.
(d),(e) The title of the class of securities covered by this
statement is Common Stock, no par value. The CUSIP Number of the
Common Stock is 858147 10 1.
ITEM 3. STATEMENTS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B)
Not applicable
ITEM 4. OWNERSHIP
(a),(b),(c) The number of shares of Common Stock beneficially
owned by Mr. Ray as of March 31, 1995 was 1,675,625 (13.7% of the
total shares outstanding), including 27,000 shares held by Mr.
Ray's wife and 43,125 shares subject to outstanding options under
the company's Incentive Stock Option Plan which were exercisable
as of March 31, 1995. All of such shares are held with sole
voting power. Mr. Ray shares investment power over the 27,000
shares held by his wife.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A 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
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
Page 3 of 4 Pages
<PAGE>
ITEM 10. CERTIFICATION
Not applicable
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: April 24, 1995
Merwin J. Ray
-----------------------------------
Merwin J. Ray
Page 4 of 4 Pages