SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)
STEEL TECHNOLOGIES INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
858147 10 1
(CUSIP Number)
Bradford T. Ray
15415 Shelbyville Road
Louisville, Kentucky 40245
(502) 245-2110
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 21, 1995
(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 [ ].
Check the following box if a fee is being paid with this statement [ X ].
(A fee is not required only if the reporting 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 less than
five percent of such class. See Rule 13d-7.)
The information required on 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 5 Pages
<PAGE>
CUSIP No. 858147 10 1 13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D.G.R. Family Limited Partnership
I.R.S. Identification Number: Applied For
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Kentucky
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
1,054,665
8. SHARED VOTING POWER
- 0 -
9. SOLE DISPOSITIVE POWER
1,054,665
10. SHARED DISPOSITIVE POWER
- 0 -
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,054,665
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
Page 2 of 5 Pages
<PAGE>
CUSIP No. 858147 10 1 13D
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.7%
14. TYPE OF REPORTING PERSON
PN
Page 3 of 5 Pages
<PAGE>
ITEM 1. SECURITY AND ISSUER
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. 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. IDENTITY AND BACKGROUND
The name of the person filing this statement is D.G.R. Family
Limited Partnership, a Kentucky limited partnership (the
"Partnership"). The principal business and office address of the
Partnership is 15415 Shelbyville Road, Louisville, Kentucky
40245. The general partners of the Partnership are Bradford T.
Ray, Stuart N. Ray, Heidi J. Gregg and Leslie A. Carroll. The
principal business address of each of the general partners is
15415 Shelbyville Road, Louisville, Kentucky 40245. Bradford T.
Ray is President and Chief Operating Officer, and Stuart N. Ray
is Vice President, of Steel Technologies Inc. Heidi J. Gregg and
Leslie A. Carroll are not employed outside of the home. Each of
the general partners is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The securities were contributed to the Partnership by the
partners as their initial capital contributions.
ITEM 4. PURPOSE OF TRANSACTION
The Partnership was formed at the request and direction of
Dorothy Geraldine Ray (now deceased), to provide for the transfer
of ownership to her children of shares of Steel Technologies
common stock previously held in trust for Mrs. Ray's benefit.
Merwin J. Ray, as trustee of the Dorothy Geraldine Ray trust, is
a limited partner of the Partnership and contributed 1,046,665
shares of common stock previously owned by the trust as its
initial capital contribution.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The following table sets forth information concerning beneficial
ownership of common stock of Steel Technologies Inc. by the
Partnership and by each of the general partners of the
Partnership. Except as otherwise indicated below, each of these
persons has sole voting and investment power with regard to the
shares beneficially owned by him or her.
Page 4 of 5 Pages<PAGE>
<TABLE>
<CAPTION>
Amount and Nature of
Beneficial Ownership
----------------------------
Number of Percent of
Name Shares Class
---- --------- ----------
<S> <C> <C>
D.G.R. Family Limited Partnership....... 1,054,665 8.7%
Bradford T. Ray......................... 201,611<F1> 1.7%
Stuart N. Ray........................... 131,276<F2> 1.1%
Heidi J. Gregg.......................... 14,512 *
Leslie A. Carroll....................... 162,947<F3> 1.3%
_______________
<FN>
* Less than 1%
<F1> Includes 52,500 shares subject to outstanding options under the Steel
Technologies Inc. Incentive Stock Option Plan which are presently
exercisable.
<F2> Includes 4,500 shares subject to outstanding options under the Steel
Technologies Inc. Incentive Stock Option Plan which are presently
exercisable.
<F3> Includes 46,282 shares owned by Mrs. Carroll's husband, Michael J.
Carroll, and 14,875 shares held by her minor children. Mr. and Mrs.
Carroll share voting and investment power over the shares held by them
and their children. Also includes 52,500 shares subject to
outstanding options held by Mr. Carroll under the Steel Technologies
Inc. Incentive Stock Option Plan which are presently exercisable.
Michael J. Carroll is Executive Vice President of Steel Technologies
Inc.
</TABLE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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 25, 1995
Bradford T. Ray
-----------------------------------
Bradford T. Ray, General Partner
Page 5 of 5 Pages
