<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Graham Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.10 Par Value Per Share
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(Title of Class of Securities)
384556-10-6
--------------
(CUSIP Number)
Brent D. Baird, 1350 One M & T Plaza, Buffalo, New York 14203 (716) 849-1484
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 28, 1996
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(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 3d-(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> 2
<TABLE>
<CAPTION>
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CUSIP NO. 384556-10-6 13D PAGE 2 OF 8 PAGES
- --------------------------------------------- --------------------------------------------
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Aries Hill Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
-------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.000%
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14 TYPE OF REPORTING PERSON*
CO
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
<TABLE>
<CAPTION>
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CUSIP NO. 384556-10-6 13D PAGE 3 OF 8 PAGES
- --------------------------------------------- --------------------------------------------
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
The Cameron Baird Foundation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
46,300
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
46,300
-------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,300
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.381%
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14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
<TABLE>
<CAPTION>
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CUSIP NO. 384556-10-6 13D PAGE 4 OF 8 PAGES
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<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Anne S. Baird, as trustee
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
50
NUMBER OF -------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH -------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
50
-------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.005%
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14 TYPE OF REPORTING PERSON*
OO
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 384556-10-6 Page 5 of 8 Pages
Schedule 13D
Amendment No. 1
INTRODUCTION:
- ------------
The Acquisition of 56,950 Shares of Common Stock, $.10 Par Value per
share, of Graham Corporation (the "Issuer") was reported by Aries Hill Corp.;
The Cameron Baird Foundation; and Anne S. Baird in a Schedule 13D filed with
the Securities and Exchange Commission on December 15, 1995 (the "Original
Schedule 13D"). The Original Schedule 13D is hereby amended to reflect sales by
Aries Hill Corp. and The Cameron Baird Foundation. AS A RESULT OF SUCH SALES,
THE REPORTING PERSONS ARE NO LONGER THE BENEFICIAL OWNERS OF MORE THAN FIVE
PERCENT OF THE SHARES OF THE ISSUER.
The cover pages and Item 5 are hereby amended as set forth in this
Schedule 13D Amendment No. 1.
NOTE: THE EXECUTION AND SUBMISSION OF THIS STATEMENT BY THE
PERSONS LISTED BELOW (THE "REPORTING PERSONS") SHALL NOT BE
CONSTRUED AS A STATEMENT OR ADMISSION THAT THE REPORTING
PERSONS (i) ARE ACTING AS A GROUP IN THE ACQUISITION OF THE
SHARES, (ii) COLLECTIVELY CONSTITUTE A "PERSON" WITHIN THE
MEANING OF SECTION 13(D)(3) OF THE SECURITIES EXCHANGE ACT OF
1934, AS AMENDED (THE "ACT"), OR (iii) FOR THE PURPOSES OF
SECTION 13(D) OF THE ACT, ARE THE BENEFICIAL OWNERS OF ANY
SHARES OTHER THAN THE SHARES IN WHICH EACH PERSON IS
SPECIFICALLY IDENTIFIED IN THIS STATEMENT TO HAVE A
BENEFICIAL INTEREST.
ITEM 5. Interest in Securities of the Issuer.
------------------------------------
(a) The Reporting Persons hereby report beneficial ownership, in the
manner hereinafter described, of 46,350 Shares of the Issuer:
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CUSIP NO. 384556-10-6 Page 6 of 8 Pages
<TABLE>
<CAPTION>
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
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<S> <C> <C>
Aries Hill Corp. 0 0.000%
The Cameron Baird Foundation 46,300 4.381%
Anne S. Baird, 50 0.005%
as Trustee (2) ------ ------
TOTAL 46,350 4.386%
</TABLE>
(1) The foregoing percentages assume that the number of Shares of the
Issuer outstanding is 1,056,772 Shares (as reported in the
Issuer's Proxy Statement as of April 5, 1996).
(2) Held for the benefit of Cameron D. Baird.
(b) For each persons named in paragraph (a), that person has sole voting
and sole dispositive power over the Shares enumerated in paragraph (a).
(c) The following sales of the Shares were effected during the past sixty
days:
<PAGE> 7
CUSIP NO. 384556-10-6 Page 7 of 8 Pages
<TABLE>
<CAPTION>
Price/Share (in
Dollars Commissions
Sale In The Name Of Date Number of Shares not included) Transaction Made Through
------------------- ---- ---------------- ------------- ------------------------
<S> <C> <C> <C> <C>
Aries Hill Corp. 6/17/96 500 16 3/8 Fahnestock & Co
6/18/96 300 16 5/8 Fahnestock & Co
6/19/96 800 16 5/8 Fahnestock & Co
6/21/96 500 16 7/8 Fahnestock & Co
6/24/96 500 17 Fahnestock & Co
Cameron Baird Foundation 6/25/96 1,000 17 Fahnestock & Co
6/26/96 500 17 3/4 Fahnestock & Co
6/27/96 500 18 Fahnestock & Co
6/27/96 500 18 1/4 Fahnestock & Co
6/28/96 1,000 18 3/4 Fahnestock & Co
</TABLE>
(d) Not applicable
(e) The date on which the Reporting Persons ceased to be the beneficial owner
of more than five percent of the Shares of the Issuer was May 30, 1996.
ITEM 6. Contracts, Arrangements, Understandings or Relationships
--------------------------------------------------------
With Respect to Securities of the Issuer.
----------------------------------------
not applicable
ITEM 7. Material to be Filed as Exhibits.
--------------------------------
not applicable
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CUSIP NO. 384556-10-6 Page 8 of 8 Pages
SIGNATURE
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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 this 8th day of July, 1996.
---
Aries Hill Corp. The Cameron Baird Foundation
By: /s/ Brian D. Baird By: /s/ Brian D. Baird,
---------------------------- --------------------------
Brian D. Baird, Secretary Brian D. Baird, Trustee
Anne S. Baird, as Successor Trustee
By: /s/ Brian D. Baird
-------------------------------------
Brian D. Baird, as Attorney-in-fact*
*Power of attorney has been previously filed with the Securities and Exchange
Commission.
54708
