U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
1. Name and Address 2. Issuer Name and Ticker 6. Relationship of Reporting
of Reporting Person or Trading Symbol Person to Issuer (Check
all applicable)
Dektar, Daniel C. Harrington Financial X Director 10% Owner
Group, Inc. (HFGI)
c/o Harrington Officer Other
Financial Group
722 Promenade
Richmond IN 47374 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
Person (Voluntary)
February, 1997
5. If Amendment,
Date of Original
(Month/Year)
Table 1 - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1.Title of 2.Trans- 3.Trans- 4.Securities 5.Amount of 6.Owner- 7.Nature
Security action action Acquired(A) Securities ship of In-
(Instr. 3) Date Code or Disposed Beneficially Form: direct
(Month/ (Instr.8) of (D) Owned at End Direct Bene-
Day/ (Instr.3,4,5) of Month (D) or ficial
Year) (Instr.3,4) Indirect Owner-
Code V Amount (A) Price (I) ship
or(D) (Instr.4) (Instr.4)
Common Stock,
$0.125 par value
per share 57,928 D
Table II - Derivative Securitites Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number 6.Date
Derivative sion or action action of Deriv- exercis-
Security Exercise Date Code ative able and
Price of Securi- Expira-
Deri- (Month/ ties tion Date
vative Day/ Acquired (Month/
Security Year) (A) or Day/Year)
Disposed
of(D)
Code V (A) (D) Date Exp
Exer- Date
cisable
Options $7.50 8,000 12/15/97 1/15/98
Options $10.00 5/6/96 A 1,000 * 5/6/06
7.Title and 8.Price 9.Number 10.Owner-
Amount of of of deriv- ship
Underlying Deriv- ative Form of
Securities ative Secur- Deriv-
Secur- ities ative
ity Bene- Secur-
ficially ity
Owned Direct
at End (D) or
of Month Indirect
(I)
Title Amount
Common stock
$.125 par
value per
share 8,000 9,000 D
Common stock
$.125 par
value per
share 1,000 $0 9,000 D
Explanation of Responses:
* Options vest at a rate of 20% per year from date of grant
commencing 5/6/97.
/S/Daniel C. Dektar 3/10/97
Signature of Reporting Person Date
