UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
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
HARDINGE INC. SAVINGS PLAN
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Employee Benefit Plan - Not Applicable
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 418,985
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
PERSON 8. SHARED DISPOSITIVE POWER
WITH 418,985
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
418,985
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9)EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.48%
12. TYPE OF REPORTING PERSON*
EP
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 6 pages
SCHEDULE 13G (Amendment No. 11)
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:
Hardinge Inc. Savings Plan
Item 2(b) Address or Principal Business Office or, if none, residence:
c/o Chemung Canal Trust Company, Trustee
One Chemung Canal Plaza
Elmira, New York 14901
Item 2(c) Citizenship:
Employee Benefit Plan - Not Applicable
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) ( ) 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) (X) 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.
(a) Amount Beneficially Owned:
418,985
(b) Percent of Class:
6.48% 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: 0
(ii) shared power to vote or to direct the vote: 418,985
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:418,985
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 of dividends 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.
418,985 shares of Common Stock of Hardinge Inc. are held in trust by
Chemung Canal Trust Company as trustee under a trust agreement with
Hardinge Inc. pursuant to the Hardinge Inc. Savings Plan. The
employees of Hardinge Inc. and its participating subsidiaries who
participate under said Plan have the right to receive the dividends
from, and the proceeds from the sale of, said 418,985 shares of
Hardinge Inc. Common Stock. The power to vote said shares is vested
in the employee participants (except that with respect to 130,017 of
said shares, the power to vote is shared with the trustee) and the
power to dispose of said shares is restricted by the provisions of
said Plan.
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,
as Trustee
By /s/ Jerome F. Denton
Name/Title: Jerome F. Denton
Senior Vice President and Secretary
