0000891839-11-000059.txt : 20110527 0000891839-11-000059.hdr.sgml : 20110527 20110527175012 ACCESSION NUMBER: 0000891839-11-000059 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110526 FILED AS OF DATE: 20110527 DATE AS OF CHANGE: 20110527 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MALVASO JAMES J CENTRAL INDEX KEY: 0001249713 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08462 FILM NUMBER: 11879254 MAIL ADDRESS: STREET 1: 9 CLARET DRIVE CITY: FAIRPORT STATE: NY ZIP: 14450 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GRAHAM CORP CENTRAL INDEX KEY: 0000716314 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 161194720 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 20 FLORENCE AVE CITY: BATAVIA STATE: NY ZIP: 14020 BUSINESS PHONE: 5853432216 MAIL ADDRESS: STREET 1: 20 FLORENCE AVENUE CITY: BATAVIA STATE: NY ZIP: 14020 4 1 edgar.xml PRIMARY DOCUMENT X0303 4 2011-05-26 0000716314 GRAHAM CORP GHM 0001249713 MALVASO JAMES J C/O GRAHAM CORPORATION 20 FLORENCE AVENUE BATAVIA NY 14020 1 0 0 0 Common Stock 2011-05-26 4 A 0 1180 0 A 8212 D Stock Option (Right to Buy) 7.976 2010-06-01 2016-06-01 Common Stock 2500 2500 D Stock Option (Right to Buy) 6.90 2017-05-31 Common Stock 3750 3750 D Stock Option (Right to Buy) 30.875 2018-05-29 Common Stock 924 924 D Share Equivalent Unit Common Stock 12.68 12.68 D Share Equivalent Unit Common Stock 667.11 667.11 D This restricted stock award was granted under the Amended and Restated 2000 Graham Corporation Incentive Plan to Increase Shareholder Value in a transaction exempt under Rule 16b-3. This option was previously reported by Mr. Malvaso. This option was previously reported by Mr. Malvaso and is exercisable pro rata on the first, second, third and fourth anniversaries of the 5/31/07 grant date. This option was previously reported by Mr. Malvaso and is exercisable pro rata on the first, second, third and fourth anniversaries of the 05/29/08 grant date. This share equivalent unit was granted under the Graham Corporation Outside Directors' Long Term Incentive Plan, as amended. Under the LTIP, SEUs are credited to each non-employee director's account for each of the first five fiscal years during such director's term in which Graham produces consolidated net income in an amount at least equal to the consolidated net income specified in the budget for each such fiscal year. Such determinations are made annually. Each SEU is valued at the market value of one share of common stock on the valuation date, which is the last day of trading of the first quarter following the end of a fiscal year for which SEUs are to be credited. The number of SEUs to be credited annually is determined by dividing the value of one SEU into $10,000. Outstanding SEUs accrue dividends quarterly in accordance with Graham's regular dividend policy and such dividends are reflected in each director's account after the end of each fiscal year. Upon termination of a non-employee director's service, but not before, the non-employee director may redeem each SEU for one share of common stock or, alternatively and subject to Graham's discretion, for the cash equivalent at the closing price of the stock on the NYSE Amex on the date of termination of service, subject to certain limitations. /s/ Carole M. Anderson, Attorney-in-fact for James J. Malvaso 2011-05-27