<PAGE> 1
<TABLE>
<S> <C>
OMB APPROVAL
UNITED STATES OMB Number 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 1994
WASHINGTON, D.C. 20549 Estimated average burden
hours per response . . . . . 14.90
</TABLE>
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
GENEVA STEEL COMPANY
-----------------------------------------
(Name of Issuer)
Class A Common Stock
No par value
-----------------------------------------
(Title of Class of Securities)
372252-10-6
-----------------------------------------
(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).
Page 1 of 5 Pages
<PAGE> 2
<TABLE>
<S> <C> <C>
CUSIP No. 372252-10-6 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph A. Cannon
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 of America
</TABLE>
<TABLE>
<S> <C> <C>
5 SOLE VOTING POWER
1,166,310
NUMBER OF
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,166,310
PERSON
WITH 8 SHARED DISPOSITIVE POWER
</TABLE>
<TABLE>
<S> <C>
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,166,310
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.2%
12 TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
<PAGE> 3
ITEM 1.
(a) Name of Issuer: Geneva Steel Company (the "Company").
(b) Address of Principal Executive Offices: 10 South Geneva Road,
Vineyard, Utah 84058.
ITEM 2.
(a) Name of Person Filing: Joseph A. Cannon.
(b) Address of Principal Business Office: 10 South Geneva Road,
Vineyard, Utah 84058.
(c) Citizenship: Mr. Cannon is a United States citizen.
(d) Title of Class of Securities: Class A Common Stock, no par value.
(e) CUSIP Number: 372252-10-6.
ITEM 3.
This Schedule 13G is not filed pursuant to Rule 13d-1(b) or 13d-2(b).
ITEM 4. OWNERSHIP
As of December 31, 1994, Mr. Cannon was the beneficial owner of 1,166,310
shares of the Company's Class A Common Stock, which shares represented 8.2% of
the outstanding Class A Common Stock as determined by Rule 13d-3 under the
Securities Exchange Act of 1934. Mr. Cannon beneficially held 1,080,353 shares
individually with sole voting and investment power and 85,957 shares through
Riverwood Limited Partnership, a Utah limited partnership, as general partner
with sole voting and investment power. The number of shares reported above
includes 1,080,253 shares and 82,801 shares of Class A Common Stock that Mr.
Cannon and Riverwood Limited Partnership, respectively, had the right to
acquire upon the conversion of 10,802,531 shares and 828,013 shares of the
Company's Class B Common Stock, respectively, at the rate of ten shares of
Class B Common Stock for one share of Class A Common Stock.
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.
Page 3 of 5 Pages
<PAGE> 4
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.
ITEM 10. CERTIFICATION
Not applicable.
Page 4 of 5
<PAGE> 5
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 10, 1995
JOSEPH A. CANNON
By /s/ JOSEPH A.CANNON
Joseph A. Cannon
Page 5 of 5 Pages
