UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
HARDINGE INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01
(Title of Class of Securities)
412324 30 3
(CUSIP Number)
Check the following 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 6 pages
SEC 1745 (2/95)
13G
CUSIP No. 412324 30 3 Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chemung Canal Trust Company E.I. No. 16-0380815
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. - State of New York
NUMBER OF 5. SOLE VOTING POWER
SHARES 622,962
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 259,844
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 496,229
PERSON 8. SHARED DISPOSITIVE POWER
WITH 259,844
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
882,806
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.66%
12. TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 6 pages
SCHEDULE 13G (Amendment No. 10)
Item 1(a) Name of Issuer:
Hardinge Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
One Hardinge Drive
P.O. Box 1507
Elmira, New York 14902
Item 2(a) Name of Person Filing:
Chemung Canal Trust Company
Item 2(b) Address or Principal Business Office or, if none, residence:
One Chemung Canal Plaza
Elmira, New York 14901
Item 2(c) Citizenship:
U.S.A. - State of New York
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
412324 30 3
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the Act
(b) (X) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the Act
(d) ( ) Investment Company registered under Section 8 of the Investment
Company Act
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund
(g) ( ) Parent Holding Company, in accordance with Section 240.13d-(b)
(ii)(G)
(h) ( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4 Ownership:
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described
in Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the
following information as of that date and identify those shares which
there is a right to acquire.
Shares of Hardinge Inc. Common Stock are held by Chemung Canal Trust
Company in various fiduciary capacities either alone or with others.
It alone holds sole voting powers as to 622,962 shares and sole
dispositive powers as to 496,229 shares ofCommon Stock except that as
to 130,017 shares held by it as trustee of the Hardinge Inc. Savings
Plan, it is required in the event of a tender offer or of any corporate
action requiring a greater than majority vote of shareholders to act in
accordance with instructions received from Plan participants. It
shares with others the voting and dispositive powers as to 259,844
shares of Common Stock.
(a) Amount Beneficially Owned:
882,806
(b) Percent of Class:
13.66% based on 6,464,338 shares outstanding on December 31, 1996,
as reported by the issuer.
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 622,962
(ii) shared power to vote or to direct the vote: 259,844
(iii) sole power to dispose or to direct the disposition of: 496,229
(iv) shared power to dispose or to direct the disposition of: 259,844
Item 5 Ownership of Five Percent or Less of a Class:
NOT APPLICABLE
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
If any other person is known to have the right to receive or the power
to direct the receipt ofdividends from, or the proceeds from the sale
of, such securities, a statement to that effect should be included in
response to this item and, if such interest relates to more than five
percent of the class, such person should be identified. A listing of
the shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of employee benefit
plan, pension fund or endowment fund is not required.
Shares of Hardinge Inc. Common Stock are held by Chemung Canal Trust
Company in various fiduciary capacities either alone or with others. It
alone holds sole voting and dispositive powers as to 496,229 shares;
sole voting but no power to dispose as to 126,733 shares; and shared
voting and dispositive powers as to 259,844 shares. No shares are owned
by Chemung Canal Trust Company in its separate corporate capacity. With
respect to all of said shares, other persons have the right to receive
and in certain instances, the power to direct the receipt of dividends
from, or the proceeds from the sale of, said shares. None of such
interests relates to more than 5% of the Issuer's shares.
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security being Reported on By the Parent Holding Company:
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company has filed this schedule pursuant
to Rule 13d-1(c), attach an exhibit stating the identification of the
relevant subsidiary.
NOT APPLICABLE
Item 8 Identification and Classification of Members of the Group:
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a group has filed
this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
NOT APPLICABLE
Item 9 Notice of Dissolution of Group:
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the securities reported on will be filed, if required by
members of the group in their individual capacity.
NOT APPLICABLE
Item 10 Certification:
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 purposes or effect.
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: January 31, 1997.
Signature: CHEMUNG CANAL TRUST COMPANY
By /s/ Jerome F. Denton
Name/Title: Sr. Vice President & Secretary
