U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Albertine, John M
2777 Walden Avenue
Buffalo, NY 14225
USA
2. Issuer Name and Ticker or Trading Symbol
American Precision Industries Inc.
APR
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
04/30/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $2/3 par valu|4/26/9|S | |5,056 |D |$10.812 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |479 |A |$3.131 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |456 |A |$3.994 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |802 |A |$3.311 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |573 |A |$3.473 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |847 |A |$3.746 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4.27/9|M | |546 |A |$3.81 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |509 |A |$5.64 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |500 |A |$5.10 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |392 |A |$5.844 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |295 |A |$6.894 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |404 |A |$6.310 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |538 |A |$5.417 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |534 |A |$4.491 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|M | |813 |A |$3.611 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/26/9|S | |2,300 |D |$10.750 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, $2/3 par valu|4/27/9|S | |7300 |D |$10.75 | | | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
common Stock, $2/3 par valu|4/27/9|S | |388 |D |$10.875 |500 |D | |
e |9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Directors Stock Option|$2.79 |4/1/9|J | |399 |A |10/1/|4/1/0|Common Stock|399 | |399 |D | |
(right to buy) | |9 | | | | |99 |9 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.13 |4/27/|M | |479 |D |1/3/9|7/3/0|Common Stock|479 | |0 |D | |
| |99 | | | | |6 |5 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.994 |4/27/|M | |456 |D |4/2/9|10/2/|Common Stock|456 | |0 |D | |
| |99 | | | | |6 |05 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.311 |4/27/|M | |802 |D |7/2/9|1/2/0|Common Stock|802 | |0 |D | |
| |99 | | | | |6 |6 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.473 |4/27/|M | |573 |D |10/1/|4/1/0|Common Stock|573 | |0 |D | |
| |99 | | | | |96 |6 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.746 |4/27/|M | |847 |D |1/1/9|7/1/0|Common Stock|847 | |0 |D | |
| |99 | | | | |7 |6 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.810 |4/27/|M | |546 |D |4/1/9|10/1/|Common Stock|546 | |0 |D | |
| |99 | | | | |7 |06 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$5.640 |4/27/|M | |509 |D |7/2/9|1/2/0|Common Stock|509 | |0 |D | |
| |99 | | | | |7 |7 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$5.100 |4/27/|M | |500 |D |10/1/|4/1/0|Common Stock|500 | |0 |D | |
| |99 | | | | |97 |7 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$5.844 |4/27/|M | |392 |D |1/1/9|7/1/0|common Stock|392 | |0 |D | |
| |99 | | | | |8 |7 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$6.894 |4/27/|M | |295 |D |4/1/9|10/1/|Common Stock|295 | |0 |D | |
| |99 | | | | |8 |07 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$6.310 |4/27/|M | |404 |D |7/2/9|1/2/0|Common Stock|404 | |0 |D | |
| |99 | | | | |8 |8 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$5.417 |4/27/|M | |538 |D |10/1/|4/1/0|Common Stock|538 | |0 |D | |
| |99 | | | | |98 |8 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$4.491 |4/27/|M | |534 |D |1/1/9|7/1/0|Common Stock|534 | |0 |D | |
| |99 | | | | |9 |8 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
" |$3.611 |4/27/|M | |813 |D |4/1/9|10/1/|Common Stock|813 | |0 |D | |
| |99 | | | | |9 |08 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Deborah K. Pawlowski, Attorney-in-Fact
DATE
5/10/99
