-----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, POXKFfduIid0ioGF93pWepq6DGY0qYZULOfz4pMV2nQnnmShujAWKEoUDTWcKs6g RCCIED1i07JR4hhdKUdL2A== 0001025894-97-000254.txt : 19970918 0001025894-97-000254.hdr.sgml : 19970918 ACCESSION NUMBER: 0001025894-97-000254 CONFORMED SUBMISSION TYPE: SC 13G CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970916 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL STEEL CORP CENTRAL INDEX KEY: 0000070578 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 250687210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-17433 FILM NUMBER: 00000000 BUSINESS ADDRESS: STREET 1: 4100 EDISON LAKES PARKWAY CITY: MISHAWAKA STATE: IN ZIP: 465453440 BUSINESS PHONE: 2192737000 MAIL ADDRESS: STREET 1: 4100 EDISON LAKE PARKWAY CITY: MISHAWAKA STATE: IN ZIP: 46545-3440 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRABBE HUSON GROUP INC /ADV CENTRAL INDEX KEY: 0000315559 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 930768238 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 121 SW MORRISON STE 1400 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032950111 FORMER COMPANY: FORMER CONFORMED NAME: CRABBE HUSON GROUP INC /ADV DATE OF NAME CHANGE: 19970311 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* ------------ National Steel Corporation ----------------------------------------------------- (Name of Issuer) Common Stock = $.01 par value ----------------------------------------------------- (Title of Class of Securities) 637844309 ----------------------------------------------------- (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). CUSIP No. 637844309 13G Page 2 of 7 Pages --------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crabbe Huson Equity Fund 93-0984694 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 494,700 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 494,700 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 494,700 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* X --- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.14 - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 637844309 13G Page 3 of 7 Pages --------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crabbe Huson Asset Allocation Fund 93-0984695 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 82,800 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 82,800 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,800 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* X --- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.19 - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 637844309 13G Page 4 of 7 Pages --------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Crabbe Huson Group, Inc. 93-0768238 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Oregon - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 3,018,600 REPORTING -------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 3,018,600 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,018,600 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* X --- - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.97 - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Item 1. (a) Name of Issuer: National Steel Corporation, a Delaware Corporation. (b) Address of Issuer's Principal Executive Offices: 4100 Edison Lakes Parkway, Mishawaka, IN 46545-3440 Item 2. (a) Name of Person Filing: The Crabbe Huson Equity Fund, The Crabbe Huson Asset Allocation Fund, and The Crabbe Huson Group, Inc. (b) Address of Principal Business Office: 121 SW Morrison, Suite 1400, Portland, OR 97204 (c) Citizenship: The Crabbe Huson Group, Inc. is an Oregon Corporation. The Crabbe Huson Asset Allocation Fund and The Crabbe Huson Equity Fund are a separate series of the Crabbe Huson Funds, a Delaware Business Trust. (d) Title of Class of Securities: Common Stock, par value $.01 per share (e) CUSIP Number: 637844309 Item 3. The Crabbe Huson Equity Fund and the Crabbe Huson Asset Allocation Fund are registered under the Investment Company Act of 1940 as open-ended investment companies. The Crabbe Huson Group, Inc. is registered under the Investment Advisors Act of 1940 as an investment advisor. Item 4. Ownership. (a) & (b) The aggregate number of shares owned beneficially by the reporting person is 3,596,100, representing 8.30% of the outstanding common shares. (c) The aggegate number of shares of the Issuer beneficially owned by each reporting person is set forth below: The Crabbe Huson Asset Allocation Fund, Inc. directly owns 82,800 shares of the Issuer representing .19% of the outstanding shares. It shares voting and dispositive power with its investment advisor, The Crabbe Huson Group, Inc. The Crabbe Huson Equity Fund directly owns 494,700 shares of the Issuer representing 1.14% of the outstanding shares. It shares voting and dispositive power with its investment advisor, The Crabbe Huson Group, Inc. 5 The Crabbe Huson Group, Inc. does not directly own any shares of the Issuer. It shares voting and dispositive power with the investment companies for whom it serves as investment advisor. The investment companies directly own 577,500 shares of the Issuer representing 1.33% of the outstanding shares. The Crabbe Huson Group, Inc. also shares voting and dispositive power with approximately sixty-five investors for whom it serves as investment advisor. The investors directly own 3,018,600 shares of the Issuer representing 6.97% of the outstanding shares. In total, the investment company and investors own 3,596,100 shares of the Issuer representing 8.30% of the outstanding shares. 0tem 5. Not applicable. Item 6. Not applicable. Item 7. Not applicable. Item 8. Each reporting person disclaims beneficial ownership of all shares owned by each other reporting person. The filing of this statement is not to be construed as an admission that any reporting person is the beneficial owner of any securities covered by this statement. The reporting persons may be deemed to have formed a "group" within the meaning of Rule 13d-5(b)(1). If the reporting persons have formed a group, the group would beneficially own 3,596,100 common shares representing 8.30% of the outstanding shares of the Issuer. Each reporting person disclaims that a group has been or will be formed. Item 9. Not applicable. Item 10. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 6 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. Date: February 7, 1997 -------------------- The Crabbe Huson Equity Fund The Crabbe Huson Group, Inc. /s/Richard S. Huson /s/Richard S. Huson ------------------ ------------------ Richard S. Huson Richard S. Huson President Vice President The Crabbe Huson Asset Allocation Fund /s/Richard S. Huson ------------------ Richard S. Huson President 7 -----END PRIVACY-ENHANCED MESSAGE-----