-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Rd+NcjuVZzU8dn3LU6D7GAtBZu68jJOXFGcmKYnr/glArhk36cZC0FzFycoXJ00k TG87Lwd/wTjtzxMf8w033Q== 0001175735-10-000013.txt : 20100208 0001175735-10-000013.hdr.sgml : 20100208 20100208131810 ACCESSION NUMBER: 0001175735-10-000013 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100208 DATE AS OF CHANGE: 20100208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENEVA STEEL HOLDINGS CORP CENTRAL INDEX KEY: 0001128709 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 870065504 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60565 FILM NUMBER: 10580277 BUSINESS ADDRESS: STREET 1: 10 S GENEVA RD CITY: VINEYARD STATE: UT ZIP: 84058 BUSINESS PHONE: 8012279000 MAIL ADDRESS: STREET 1: 10 S GENEVA RD CITY: VINEYARD STATE: UT ZIP: 84058 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALBERT FRIED & CO LLC CENTRAL INDEX KEY: 0001175735 IRS NUMBER: 135089432 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 60 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2124227282 MAIL ADDRESS: STREET 1: 60 BROAD STREET 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 SC 13D/A 1 gnvhq13da-122009.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D/A INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) UNDER THE SECURITIES AND EXCHANGE ACT OF 1934 (AMENDMENT NO. 13) GENEVA STEEL HOLDINGS CORP - -------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE - ------------------------------------------------------------- (Title of Class of Securities) 372257105 - ------------------- (CUSIP Number) Anthony Katsingris Albert Fried and Company, LLC. 60 Broad Street, 39th Floor New York, New York 10004 (212) 422-7282 - ---------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2009 - ---------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e),240.13d-7 (b)or 240.13d-1(g), check the following box [x] CUSIP NO. 372257105 PAGE 2 OF 5 PAGES - -------------------- ================================================ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Albert Fried and Company, LLC 13-5089432 - ------- -------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)| _ | (b)| X | - --------------------------------------- 3 SEC USE ONLY - --------------------------------------- 4 SOURCE OF FUNDS WC - --------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) - --------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------- 7 SOLE VOTING POWER NUMBER OF 2,074,395** BENEFICIALLY ------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING ------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 2,074,395** - -------------------------------------- 10 SHARED DISPOSITIVE POWER - --------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,074,395** - ------- -------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | _ | - --------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.94% - --------------------------------------- 14 TYPE OF REPORTING PERSON BD, IN - --------------------------------------- Albert Fried Jr, managing member of Albert Fried and Company, LLC and a former director of the Issuer, is deemed to beneficially own 50,000 shares upon the exercise of director issued stock options. These shares are included in the total on line 11. For more information, see item 5 and 6. CUSIP NO. 372257105 PAGE 3 OF 5 PAGES - -------------------- ITEM 1. SECURITY AND ISSUER This Schedule 13D relates to the Common Stock par value $0.01 per share (Common Stock),of Geneva Steel Holdings Corp. a Delaware corporation(the Issuer). The address of the principal executive office of the Issuer is: 10 South Geneva Road Vineyard, Utah 84058. ITEM 2. IDENTITY AND BACKGROUND This Schedule 13D is filed on behalf of: (a)Albert Fried and Company, LLC,is a New York limited liability Company. The members of the LLC are Albert Fried Jr, Christina Fried, The Fried Group, LLC & Anthony Katsingris. (b)Principal business address: 60 Broad Street, 39th Floor New York, NY 10004 (c)Present Principal Occupation and Employment: The principal business of Albert Fried and Company, LLC is to act as a Broker/Dealer in the securities industry. Acquisition and disposition of any shares as part of the firms market making activities are dealer transactions in the ordinary course of business and incident to the establishment or maintenance of a primary secondary market for such security as covered under Section 16(d) of the Securities Exchange Act of 1934. (d) Criminal Convictions N/A (e) Civil Proceedings: N/A (f) Citizenship United States ITEM 3. SOURCE AND AMOUNT OF FUNDS OTHER CONSIDERATION Albert Fried and Company, LLC has used its working capital in all its previous purchases of the Issuers Common Stock. CUSIP NO. 372257105 PAGE 4 OF 5 PAGES - -------------------- ITEM 4. PURPOSE OF TRANSACTION Disposition of shares were in the ordinary course of business of the firm market making activities and incident to the establishment and maintenance of a primary or secondary market for such securities ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a)As of the date of this Schedule 13D, Albert Fried and Company,LLC owns and has sole power to vote and dispose of 2,074,400 shares of the Issuers Common Stock (approximately 27.94% of the outstanding shares of the Issuer's Common Stock) **50,000 shares, included as part of line 11, are attributable to stock options issued to Albert Fried Jr, a former director of the Issuer. (b) N/A Acquisition and disposition of any shares as part of the firm's market-making activities are dealer transaction in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market for such security as covered under Section 16(d) of The Securities Exchange Act of 1934. (c) Open market transactions effected in the market-maker account during the past sixty days include: NO REPORTABLE TRANSACTIONS (d) None (e) N/A ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR"RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER In connection with the portion of the January 2001 Term Loan Albert Fried & Co., LLC provided the Issuer, Albert Fried Company, LLC was to receive additional shares of the Issuer's common stock on the fourth anniversary of the Loan Date. The number of shares related to a fee amounting to $515,070. Albert Fried & Company, LLC has been advised by the Issuer that since they could not pay the fee in common stock, the claim would be converted to cash. However,the Trustee for the Issuer's Chapter 11 proceedings has taken a different position and the matter is currently the subject of litigation. As a result, these shares are not reflected in this Schedule 13D in the number of shares beneficially owned by Albert Fried & Co., LLC." CUSIP NO. 372257105 PAGE 5 OF 5 PAGES - -------------------- Albert Fried Jr, the managing member of and Company, LLC, was a former Director of the issuer. Pursuant to the Geneva Steel Holdings Corp Stock Option Plan for Non employee Directors, Mr. Albert Fried Jr, a former director of the Issuer, was granted options to purchase a total of 50,000 shares of the Issuer's common stock; 25,000 shares are exercisable at $.19 per share Expiring 3/23/2011 and 25,000 shares are exercisable at $.19 per share" expiring 4/22/2012. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS NONE SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct." Dated as of February 05, 2010 ALBERT FRIED AND COMPANY, LLC. By:ALBERT FRIED JR. Albert Fried, Jr. Managing Member -----END PRIVACY-ENHANCED MESSAGE-----