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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5 )*
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
SEC 1745 (2-95)
<PAGE> 2
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
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,031,276
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,031,276
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,031,276
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
SEC 1745 (2-95)
<PAGE> 3
CUSIP No. 372252-10-6 13G Page 3 of 5 Pages
ITEM 1.
(a) Name of Issuer:
Geneva Steel Company (the "Company")
(b) Address of Issuer's 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 or, if none, Residence:
10 South Geneva Road
Vineyard, Utah 84058
(c) Citizenship:
United States
(d) Title of Class of Securities:
Class A Common Stock, No Par Value
(e) CUSIP Number:
372252-10-6
ITEM 3.
This statement is not filed pursuant to Rule 13d-1(b) or 13d-2(b).
ITEM 4. OWNERSHIP
As of December 31, 1995, Mr. Cannon was the beneficial owner of
1,031,276 shares of the Company's Class A Common Stock, which shares represented
7.2% of the outstanding Class A Common Stock as determined by Rule 13d-3 under
the Securities Exchange Act of 1934. Mr. Cannon beneficially held 931,519 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
SEC 1745 (2-95)
<PAGE> 4
CUSIP No. 372252-10-6 13G Page 4 of 5 Pages
and investment power. The number of shares reported above includes 931,419
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 9,314,191 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. In addition, the number of shares reported above includes
options to purchase 13,800 shares of Class A Common Stock, which options are
either currently exercisable or exercisable within the next 60 days.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
This statement is not being filed to report the fact that as of
the date hereof the Reporting Persons have ceased to be beneficial owners
of more than five percent of the class of securities.
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.
ITEM 10. CERTIFICATION
Not applicable.
SEC 1745 (2-95)
<PAGE> 5
CUSIP No. 372252-10-6 13G Page 5 of 5 Pages
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 23, 1996
By /s/ Joseph A. Cannon
---------------------------------------
Joseph A. Cannon
SEC 1745 (2-95)
