SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
Kollmorgen Corporation
____________________________________________________________
(Name of Issuer)
Common Stock, Par Value $2.50 Per Share
____________________________________________________________
(Title of Class and Securities)
500440102
___________________________________________________________
(CUSIP Number of Class of Securities)
John F. Keane
Tinicum Enterprises, Inc.
990 Stewart Avenue
Garden City, New York 11530
(516) 222-2874
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Paul T. Schnell, Esq.
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
September 24, 1996
____________________________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because
of Rule 13d-1(b)(3) or (4), check the following box: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 500440102
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
TINICUM INVESTORS 13-3800339
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC, BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 313,107 COMMON (SEE ITEM 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 261,350 COMMON (SEE ITEM 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
574,457 COMMON (SEE ITEM 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
574,457 COMMON (SEE ITEM 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.9% OF COMMON (SEE ITEM 5)
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
PN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 500440102
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PUTNAM L. CRAFTS, JR. ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
PF
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 0
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 62,449 COMMON (SEE ITEM 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
62,449 COMMON (SEE ITEM 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,449 COMMON
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.6% OF COMMON
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
IN
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 500440102
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
RIT CAPITAL PARTNERS plc
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
WC
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED KINGDOM
__________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 0
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 198,901 COMMON (SEE ITEM 5)
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
198,901 COMMON (SEE ITEM 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
198,901 COMMON
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.0% OF COMMON
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
IV
_________________________________________________________________
This Statement constitutes Amendment No. 9 to the
Statement on Schedule 13D (the "Schedule 13D") filed with
the Securities and Exchange Commission by Tinicum
Enterprises, Inc., a Delaware corporation ("Enterprises"),
RUTCO Incorporated, a Delaware corporation ("RUTCO"), Mr.
James H. Kasschau ("Mr. Kasschau"), Mr. Putnam L. Crafts,
Jr. ("Mr. Crafts"), RIT Capital Partners plc, a United
Kingdom corporation ("RIT"), J. Rothschild Holdings plc, a
United Kingdom corporation ("JRH"), and J. Rothschild
Capital Management Limited, a United Kingdom corporation
("JRCML"), in connection with their beneficial ownership of
shares of common stock, par value $2.50 per share ("Common
Stock"), of Kollmorgen Corporation, a New York corporation
(the "Issuer"). This Amendment No. 9 is being filed by
Tinicum Investors, a Delaware general partnership ("TI"),
Mr. Crafts and RIT.
Unless otherwise defined herein, capitalized terms
used herein shall have the meanings ascribed to them in the
Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and supplemented by
adding the following:
On July 19, 1996, JRCML was sold by SJPC to RIT,
pursuant to the laws of the United Kingdom. Following such
sale, JRCML became a wholly-owned subsidiary of RIT and, as
a result, each of JRCML and SJPC may no longer be deemed to
beneficially own the shares of Common Stock owned by RIT.
Accordingly, all references in the Schedule 13D to
"Reporting Persons" shall no longer include JRCML or SJPC.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
Items 5(a)-(c) are hereby amended and supplemented
by adding the following:
(a) As of the close of business on the date
hereof, TI, Mr. Crafts and RIT have beneficial ownership of
574,457, 62,449 and 198,901 shares of Common Stock,
respectively. Such Reporting Persons, as a group,
beneficially own 574,457 shares of Common Stock, which
represent 5.9% of the outstanding shares of Common Stock,
based on the 9,740,873 shares of Common Stock reported in
the Issuer's Quarterly Report on Form 10-Q for the quarter
ended June 30, 1996 as outstanding on August 12, 1996.
To the best of the Reporting Persons' knowledge
and belief, except for Mr. Ruttenberg who beneficially owns
4,322 shares of Common Stock, and except as otherwise set
forth herein, none of the persons identified on Schedules I
or II to the Schedule 13D, as amended, beneficially owns any
shares of Common Stock.
(b) TI has the sole power to vote the 313,107
shares of Common Stock it owns and, except for certain
limited circumstances in which each of Mr. Crafts and RIT
has the power to vote such Reporting Persons' shares of
Common Stock (see Items 4 and 6 of the Schedule 13D, as
amended), the 261,350 shares of Common Stock owned by Mr.
Crafts and RIT.
By reason of the right of first offer granted by
Mr. Crafts and RIT to TI (as transferee of Enterprises and
RUTCO) (see Item 6 of the Schedule 13D, as amended), the
right of TI to require Mr. Crafts and RIT to participate in
certain sales of shares of Common Stock by it and the right
of Mr. Crafts and RIT to participate in certain sales by TI
(see Item 6 of the Schedule 13D, as amended), TI has shared
power to dispose of 313,107 shares of Common Stock, Mr.
Crafts has shared power to dispose of 62,449 shares of
Common Stock and RIT has shared power to dispose of 198,901
shares of Common Stock.
(c) Within the past 60 days, the Reporting
Persons have sold shares on the New York Stock Exchange, in
the amounts, on the dates and at the prices (excluding
commissions) set forth below:
Number of Avg. Price
Date Shares per Share Seller
8/1/96 7,400 12.1113 TI
8/1/96 4,600 12.1113 RIT
8/1/96 1,500 12.1113 Mr. Crafts
8/2/96 17,100 11.9416 TI
8/2/96 10,900 11.9416 RIT
8/2/96 3,500 11.9416 Mr. Crafts
8/12/96 5,500 11.5650 TI
8/12/96 3,400 11.5650 RIT
8/12/96 1,100 11.5650 Mr. Crafts
8/15/96 22,000 11.9400 TI
8/15/96 13,500 11.9400 RIT
8/15/96 4,500 11.9400 Mr. Crafts
9/24/96 13,700 12.8750 TI
9/24/96 8,600 12.8750 RIT
9/24/96 2,700 12.8750 Mr. Crafts
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: September 24, 1996
TINICUM INVESTORS
By:/s/ Eric M. Ruttenberg
Eric M. Ruttenberg
Managing Partner
SIGNATURE
After reasonable inquiry and to the best of his
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: September 24, 1996
By:/s/ Putnam L. Crafts, Jr.
Putnam L. Crafts, Jr.
SIGNATURE
After reasonable inquiry and to the best of its
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: September 24, 1996
RIT CAPITAL PARTNERS plc
By:/s/ D. W. A. Budge
D. W. A. Budge
Director
