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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. 6 )*
Geneva Steel Company
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
372252-10-6
----------------------------
(CUSIP Number)
*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>
CUSIP No. 372252-10-6 Page 2 of 5 Pages
13G
- --------------------------------------------------------------------------------
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
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,098,076
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY None
EACH ------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,098,076
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,098,076
- --------------------------------------------------------------------------------
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!
<PAGE>
CUSIP No. 372252-10-6 Page 3 of 5 Pages
13G
Item 1.
(a) Name 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: 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, 1997, Mr. Cannon was the beneficial owner of 1,098,076
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 1,012,119 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 931,419 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 75,200 shares of Class A Common Stock, which options are either
currently exercisable or exercisable within the next 60 days.
<PAGE>
CUSIP No. 372252-10-6 Page 4 of 5 Pages
13G
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 Person has ceased to be the beneficial owner 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.
<PAGE>
CUSIP No. 372252-10-6 Page 5 of 5 Pages
13G
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, 1998
/s/ JOSEPH A. CANNON
--------------------
Joseph A. Cannon
