Filing Details

Accession Number:
0000891839-11-000027
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-02-25 17:30:28
Reporting Period:
2011-02-24
Filing Date:
2011-02-25
Accepted Time:
2011-02-25 17:30:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
716314 Graham Corp GHM General Industrial Machinery & Equipment (3560) 161194720
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1235788 D Jerald Bidlack C/O Graham Corporation
20 Florence Avenue
Batavia NY 14020
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-02-24 5,000 $7.98 26,639 No 4 M Direct
Common Stock Acquisiton 2011-02-24 3,750 $6.90 30,389 No 4 M Direct
Common Stock Disposition 2011-02-24 1,300 $21.73 29,089 No 4 S Direct
Common Stock Disposition 2011-02-24 2,200 $21.72 26,889 No 4 S Direct
Common Stock Disposition 2011-02-24 1,500 $21.70 25,389 No 4 S Direct
Common Stock Disposition 2011-02-24 100 $21.69 25,289 No 4 S Direct
Common Stock Disposition 2011-02-24 900 $21.68 24,389 No 4 S Direct
Common Stock Disposition 2011-02-24 100 $21.68 24,289 No 4 S Direct
Common Stock Disposition 2011-02-24 800 $21.66 23,489 No 4 S Direct
Common Stock Disposition 2011-02-24 100 $21.65 23,389 No 4 S Direct
Common Stock Disposition 2011-02-24 100 $21.64 23,289 No 4 S Direct
Common Stock Disposition 2011-02-24 950 $21.64 22,339 No 4 S Direct
Common Stock Disposition 2011-02-24 700 $21.61 21,639 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2011-02-24 5,000 $0.00 5,000 $7.98
Common Stock Stock Option (Right to Buy) Disposition 2011-02-24 3,750 $0.00 3,750 $6.90
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2010-06-01 2016-06-01 No 4 M Direct
1,250 2017-05-31 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option (Right to Buy) $30.88 2018-05-29 924 924 Direct
Common Stock Share Equivalent Unit $0.00 106 106 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-05-29 924 924 Direct
106 106 Direct
Footnotes
  1. This option was previously reported by Mr. Bidlack.
  2. This option was previously reported by Mr. Bidlack and is exercisable pro rata on the first, second, third and fourth anniversaries of the 5/31/07 grant date.
  3. This option was previously reported by Mr. Bidlack and is exercisable pro rata on the first, second, third and fourth anniversaries of the 5/29/08 grant date.
  4. This share equivalent unit was granted under the Graham Corporation Outside Directors' Long Term Incentive Plan, as amended. Under the LTIP, SEUs are credited to each non-employee director's account for each of the first five fiscal years during such director's term in which Graham produces consolidated net income in an amount at least equal to the consolidated net income specified in the budget for each such fiscal year. Such determinations are made annually. Each SEU is valued at the market value of one share of common stock on the valuation date, which is the last day of trading of the first quarter following the end of a fiscal year for which SEUs are to be credited. The number of SEUs to be credited annually is determined by dividing the value of one SEU into $10,000.
  5. Outstanding SEUs accrue dividends quarterly in accordance with Graham's regular dividend policy and such dividends are reflected in each director's account after the end of each fiscal year. The number of SEUs reported represent dividends accrued under the LTIP. Upon termination of a non-employee director's service, but not before, the non-employee director may redeem each SEU for one share of common stock or, alternatively and subject to Graham's discretion, for the cash equivalent at the closing price of the stock on the NYSE Amex on the date of termination of service, subject to certain limitations.