U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility 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*
Olsen Michael S.
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(Last) (First) (Middle)
111 Lost Lake Court
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(Street)
Mars PA 16046
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
June 16, 2000
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
###-##-####
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4. Issuer Name and Ticker or Trading Symbol
Harnischfeger Industries, Inc. OTC Bulletin Board: HRZIQ
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President, Controller and Chief Accounting Officer
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6. If Amendment, Date of Original (Month/Day/Year)
N/A
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
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None.
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/99)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee stock options
(Right to Buy) (1) 10/09/95 10/09/05 Common Stock 1,800 $31.25 D --
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Employee stock options
(Right to Buy) (1) 10/13/96 10/13/06 Common Stock 1,800 37.88 D --
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Employee stock options
(Right to Buy) (1) 08/23/98 08/23/08 Common Stock 4,500 16.69 D --
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Employee stock options
(Right to Buy) (1) 10/14/98 10/14/08 Common Stock 524 6.85 D --
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Employee stock options
(Right to Buy) (2) 05/20/92 05/20/02 Common Stock 4,817 19.46 D --
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</TABLE>
Explanation of Responses:
(1) Options granted under the Harnischfeger Industries, Inc. 1996 Stock
Incentive Plan. Options under the plan 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.
(2) Options granted under the Joy Technologies Inc. ("Joy") 1991 Stock Option
and Equity Incentive Plan. These options were converted to Harnischfeger
Industries, Inc. ("HII") Common Stock under the Agreement and Plan of Merger
entered into between HII and Joy dated November 29, 1994. Options under the Joy
plan become exercisable in 20% increments at five 12-month intervals commencing
1 year from the date of grant and expire 10 years after the date of grant.
/s/ Michael S. Olsen 6/23/00
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**Michael S. Olsen Date
** 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 provided is insufficient, see Instruction 6 for procedure.
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