FORM 3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
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INITIAL STATEMENT OF |OMB NUMBER: 3235-0104|
BENEFICIAL OWNERSHIP OF SECURITIES |EXPIRES: |
| DECEMBER 31, 2001 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE..... 0.5|
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
TORQUE MERGER SUB, INC. and TORQUE ACQUISITION CO. L.L.C.
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(Last) (First) (Middle)
C/O VESTAR CAPITAL PARTNERS IV, L.P.
245 PARK AVE., 41ST FLOOR
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(Street)
NEW YORK, N.Y. 10167
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
2/18/00
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3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)
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4. Issuer Name and Ticker or Trading Symbol
GLEASON CORPORATION (GLE)
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director
(X ) 10% Owner
( ) Officer (give title below)
( ) Other (specify title below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
x Form filed by One Reporting Person
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___ Form filed by More than One Reporting Person
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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 |
| (Instr. 4) | Securities | Form: Direct| Indirect |
| | Beneficially| (D) or | Beneficial |
| | Owned | Indirect (I)| Ownership |
| | (Instr. 4) | (Instr. 5) | (Instr. 5) |
|--------------------|---------------|---------------|--------------------|
Common Stock, par 4,862,749 D
value $1.00 per share
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
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2. Date Exercisable and Expiration Date (Month/Day/Year)
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Date Exercisable Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
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Title Amount or Number of Shares
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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EXPLANATION OF RESPONSES:
This Initial Statement of Beneficial Ownership on Form 3 (this
"Form 3") is being filed by Torque Merger Sub, Inc. ("Merger Subsidiary"),
a Delaware corporation and a wholly owned subsidiary of Torque Acquisition
Co. L.L.C. ("Acquisition Company"), a Delaware limited liability company
and a wholly owned subsidiary of Vestar Capital Partners IV, L.P. On
December 15, 1999, Gleason Corporation, a Delaware corporation (the
"Company"), and Acquisition Company commenced a joint tender offer (the
"Offer") to purchase all of the outstanding shares of common stock, par
value $1.00 per share, of the Company (the "Common Stock"), together with
the associated preferred share purchase rights (the "Rights" and, together
with the Common Stock, the "Shares"), at a purchase price of $23.00 per
Share, net to the seller in cash, without interest thereon. The Offer
expired at 12:00 midnight, New York City time, on February 17, 2000, at
which time the Company and, pursuant to the Offer and an Assignment and
Assumption Agreement, dated as of February 17, 2000, by and among the
Company, Acquisition Company and Merger Subsidiary, Merger Subsidiary
accepted for payment an aggregate of 5,763,697 Shares validly tendered
pursuant to the Offer and not withdrawn, with Merger Subsidiary purchasing
the first 4,862,749 Shares tendered and the Company purchasing the
remaining Shares tendered.
TORQUE MERGER SUB, INC.
By: Torque Merger Sub, Inc. /s/ Brian Ratzan 2/28/00
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** SIGNATURE OF REPORTING PERSON DATE
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** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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