UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
CHOKEY, JAMES A.
3600 South Lake Drive
St. Francis, WI 53235
US
2. Date of Event Requiring Statement (Month/Day/Year)
July 2, 1997
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
HARNISCHFEGER INDUSTRIES, INC.
HPH
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President for Law & Governmental Affairs
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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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 Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
NONE | | | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Empl. Stock Options (Rig|10/8/96-9|4/8/06 |Common Stock |3,000 |$40.00 |D |-- |
hts to Buy)(1) |9 | | | | | | |
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Empl. Stock Options (Rig|4/13/97-0|10/13/06 |Common Stock |3,500 |$37.88 |D |-- |
hts to Buy)(1) |0 | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Options granted under the Harnischfeger Industries Inc. 1988 Incentive
Stock Plan and the 1996 Stock
Incentive Plan. Options under the plans become exercisable in 25% increments
at four 12 month intervals
commencing 6 months from the date of grant and expire 10 years after the date
of grant.
SIGNATURE OF REPORTING PERSON
James A. Chokey
DATE
July 10, 1997
