UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10) *
Graham Corporation
(Name of Issuer)
Common Stock, Par Value $.01
(Title of Class of Securities)
384556106
(CUSIP Number)
Arthur Goetchius (212) 755-9000
EGS Partners, L.P., 300 Park Avenue, 21st Floor, New York, New York 10022
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
October 25, 1995
(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 the statement. [ ]
(A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
EGS Associates, L.P.
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
PN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 2
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
EGS Partners, L.L.C.
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
PN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 3
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Bev Partners, L.P.
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
PN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 4
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jonas Partners, L.P.
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
PN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 5
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
William A. Ehrman
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
IN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 6
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Frederic Greenberg
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
IN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 7
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Frederic Ketcher
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
IN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 8
<PAGE>
13D
CUSIP No. 384556106
______________________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Jonas Gerstl
______________________________________________________________________________
2 Check the Appropriate Box if a Member of a Group ** (a) [ ]
(b) [x]
______________________________________________________________________________
3 SEC Use Only
______________________________________________________________________________
4 Source of Funds **
______________________________________________________________________________
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
______________________________________________________________________________
Number of 7 Sole Voting Power
-0-
Shares ________________________________________________________
Beneficially 8 Shared Voting Power
-0-
Owned By _______________________________________________________
Each 9 Sole Dispositive Power
-0-
Reporting _______________________________________________________
Person With 10 Shared Dispositive Power
-0-
_____________________________________________________________________________
11 Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
_____________________________________________________________________________
12 Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares ** [ ]
_____________________________________________________________________________
13 Percent of Class Represented by Amount in Row (11)
0%
_____________________________________________________________________________
14 Type of Reporting Person **
IN
_____________________________________________________________________________
** See Instructions Before Filling Out!
Page 9
<PAGE>
The Schedule 13D, initially filed on October 3, 1989, as amended, on
behalf of (i) EGS Associates, L.P., a Delaware limited partnership ("EGS
Associates"); (ii) EGS Partners, L.L.C., a Delaware limited liability company
("EGS Partners"), inclusive of EGS Overseas Fund Limited, a British Virgin
Islands corporation ("EGS Overseas"); (iii) Bev Partners, L.P., a Delaware
limited partnership ("BEV Partners"); (iv) Jonas Partners, L.P., a Delaware
limited partnership ("Jonas Partners"); (v) William Ehrman, (vi) Frederic
Greenberg, (vii) Frederick Ketcher, and (viii) Jonas Gerstl, relating to the
common stock, $0.10 par value per share (the "Common Stock") issued by Graham
Corporation, a Delaware corporation (the "Company"), is hereby amended by this
Amendment No. 11 to the Schedule 13D as follows:
Item 5 is hereby amended and restated in its entirety by the following:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date hereof none of the Reporting Persons beneficially
own any Common Stock.
(c) The trading dates, number of shares of Common Stock purchased and
price per share for all transactions in the Common Stock from the 60th day
prior to October 25th, 1995 until October 31st, 1995, by EGS Associates, EGS
Partners (excluding EGS Overseas), EGS Overseas, Bev Partners, Jonas Partners
and Mr. Ehrman, are set forth in Schedules A, B, C, D, E, and F, respectively.
All such transactions were open market transactions and were effected on the
American Stock Exchange. During such period no other Reporting Person
effected any transactions in the Common Stock.
(e) The Reporting Persons ceased to be the beneficial owners of more
than 5% of the Common Stock on October 25, 1995.
Page 10
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: November 2, 1995
/s/ William Ehrman
William Ehrman, individually and as
general partner of each of EGS
PARTNERS, L.L.C., EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P.
/s/ Frederic Greenberg
Frederic Greenberg, individually and
as general partner of each of EGS
PARTNERS, L.L.C., EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P.
/s/ Frederick Ketcher
Frederick Ketcher, individually and
as general partner of each of EGS
PARTNERS, L.L.C., EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P.
/s/ William Ehrman
William Ehrman, as Attorney-In-Fact
for Jonas Gerstl, individually and
as general partner of each of EGS
PARTNERS, L.L.C., EGS ASSOCIATES,
L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P.
Page 11
<PAGE>
Schedule A
EGS Associates, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 25, 1995 (26,590) 11.45
October 26, 1995 (1,684) 11.70
Page 12
<PAGE>
Schedule B
EGS Partners L.L.C.
(excluding EGS Overseas Fund Limited)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 25, 1995 (21,591) 11.45
October 26, 1995 (1,367) 11.70
Page 13
<PAGE>
Schedule C
EGS Overseas Fund Limited
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 25, 1995 (9,928) 11.45
October 26, 1995 (629) 11.70
Page 14
<PAGE>
Schedule D
Bev Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 25, 1995 (20,042) 11.45
October 26, 1995 (1,269) 11.70
Page 15
<PAGE>
Schedule E
Jonas Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 25, 1995 (5,549) 11.45
October 26, 1995 (351) 11.70
Page 16
<PAGE>
Schedule F
William A. Ehrman
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Bought/(Sold) Commissions, if any)
October 26, 1995 (400) * 11.55
October 26, 1995 (1,100) ** 11.59
October 26, 1995 (3,200) 11.59
October 26, 1995 (2,100) * 11.55
______________________
* Shares held in an account for the benefit of Mr. Ehrman's wife.
** Shares held in an account for the benefit of Mr. Ehrman's daughter.
Page 17
<PAGE>
