UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
VanTine, Craig J
2777 Walden Avenue
Buffalo, NY 14225
USA
2. Date of Event Requiring Statement (Month/Day/Year)
04/25/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
American Precision Industries Inc.
APR
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common stock, $2/3 par value |1,132 |D | |
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<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (r|* |04/17/99 |Common stock |2,250 |10.90 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/24/01 |Common stock |1,900 |7.75 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/23/02 |Common stock |1,800 |7.50 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/22/03 |Common stock |1,000 |6.75 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/24/04 |Common stock |3,000 |7.375 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/26/05 |Common Stock |8,000 |9.00 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/25/06 |Common Stock |8,000 |12.375 |D | |
ight to buy) | | | | | | | |
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Employee Stock Option (r|* |04/24/07 |Common Stock |12,000 |17.5 |D | |
ight to buy) | | | | | | | |
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</TABLE>
Explanation of Responses:
*Option granted to reporting person become exercisable in five annual
installments of 20% each beginning on the
first anniversary of the date of grant.
SIGNATURE OF REPORTING PERSON
/s/ Craig J. VanTine
DATE
05/05/97