SC 13D 1 secdalrymplej13d2008a.htm DAVID J. DALRYMPLE - 13D - FEBRUARY 11, 2008 UNITED STATES

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*

CHEMUNG FINANCIAL CORPORATION
(Name of Issuer)

Common Stock, Par Value $0.01
(Title of Class of Securities)

164024 10 1
(CUSIP Number)

David J. Dalrymple, 274 Coleman Avenue, Elmira, New York 14903;
Telephone: (607) 737-5077 with a copy to John R. Alexander, Esq., Sayles & Evans, One West Church Street, Elmira, New York 14901; Telephone: (607) 734-2271
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 9, 2005
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ' ' 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. G

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ' 240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

CUSIP No. 164024 10 1

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
David J. Dalrymple S.S.# XXX-XX-XXXX

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States

Number of
Shares

7.

Sole Voting Power

1,433

Beneficially
Owned by

8.

Shared Voting Power

383,836

Each Reporting
Person With

9.

Sole Dispositive Power

1,433


10.

Shared Dispositive Power

383,836

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

385,269

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

10.93%

14.

 

Type of Reporting Person (See Instructions)

IN

Instructions for Cover Page

(1) Names and I. R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself - including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

CUSIP No. 164024 10 1

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
Robert H. Dalrymple S.S.# XXX-XX-XXXX

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States

Number of
Shares

7.

Sole Voting Power

236,684

Beneficially
Owned by

8.

Shared Voting Power

78,316

Each Reporting
Person With

9.

Sole Dispositive Power

236,684


10.

Shared Dispositive Power

78,316

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

315,000

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

8.93%

14.

 

Type of Reporting Person (See Instructions)

IN

Instructions for Cover Page

(1) Names and I. R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself -including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

CUSIP No. 164024 10 1

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
Catherine D. Smith S.S.#XXX-XX-XXXX

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States

Number of
Shares

7.

Sole Voting Power

117,056

Beneficially
Owned by

8.

Shared Voting Power

7,730

Each Reporting
Person With

9.

Sole Dispositive Power

117,056


10.

Shared Dispositive Power

7,730

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

124,786

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

3.54%

14.

 

Type of Reporting Person (See Instructions)

IN

Instructions for Cover Page

(1) Names and I. R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself -including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

CUSIP No. 164024 10 1

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
Dalrymple Holding Corporation E.I. No. 16-1137772

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization New York

Number of
Shares

7.

Sole Voting Power

0

Beneficially
Owned by

8.

Shared Voting Power

59,416

Each Reporting
Person With

9.

Sole Dispositive Power

0


10.

Shared Dispositive Power

59,416

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

59,416

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

1.69%

14.

 

Type of Reporting Person (See Instructions)

CO

Instructions for Cover Page

(1) Names and I. R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself -including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

CUSIP No. 164024 10 1

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
Dalrymple Family Limited Partnership E.I. No. 16-1478376

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization New York

Number of
Shares

7.

Sole Voting Power

0

Beneficially
Owned by

8.

Shared Voting Power

305,520

Each Reporting
Person With

9.

Sole Dispositive Power

0


10.

Shared Dispositive Power

305,520

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

305,520

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

8.67%

14.

 

Type of Reporting Person (See Instructions)

PN

Instructions for Cover Page

(1) Names and L R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself -including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

1. Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).
Joanne F. Dalrymple S.S.# XXX-XX-XXXX

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)
(b) X

3. SEC Use Only

4. Source of Funds (See Instructions) 00

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States

Number of
Shares

7.

Sole Voting Power

0

Beneficially
Owned by

8.

Shared Voting Power

305,520

Each Reporting
Person With

9.

Sole Dispositive Power

0


10.

Shared Dispositive Power

305,520

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

305,520

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

X

13.

 

Percent of Class Represented by Amount in Row (11)

8.67%

14.

 

Type of Reporting Person (See Instructions)

IN

Instructions for Cover Page

(1) Names and I. R. S. Identification Numbers of Reporting Persons -- Furnish the full legal name of each person for whom the report is filed - i.e., each person required to sign the schedule itself -including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person. Reporting persons that are entities are also requested to furnish their I.R.S. identification numbers, although disclosure of such numbers is voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13D" below).

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and the membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other persons but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The 3rd row is for SEC internal use; please leave blank.

Item 1. Security and Issuer.

Common Stock, Par Value $0.01

Chemung Financial Corporation
One Chemung Canal Plaza
Elmira, NY 14902

Item 2. Identity and Background.

Item 2 of the Schedule 13D is hereby amended and supplemented so that the first paragraph thereof reads as follows:

Pursuant to Rules 13d-1(k) of Regulation 13D of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the undersigned David J. Dalrymple, Catherine D. Smith, Joanne F. Dalrymple, Robert H. Dalrymple, Dalrymple Holding Corporation, a New York Corporation, and Dalrymple Family Limited Partnership, a New York limited partnership, hereby file this Schedule 13D Statement jointly. The above-named persons are hereinafter sometimes collectively referred to as "the Reporting Persons." The Reporting Persons are making this single, joint filing because certain of the Reporting Persons may be deemed to share beneficial ownership over certain shares of the Common Stock of the Issuer as a result of family relationships among certain of the Reporting Persons. Any such beneficial ownership is expressly disclaimed by the Reporting Persons. The Reporting Persons are also making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13 (d) (3) of the Exchange Act, although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists.

David J. Dalrymple

(a) Name
David J. Dalrymple

(b) Residence Address

274 Coleman Avenue
Elmira, NY 14903

(c) Present Principal Occupation

President of Dalrymple Holding Corporation

(d), (e) Legal Proceedings

None

(f) Citizenship

United States

Robert H. Dalrymple

(a) Name

Robert H. Dalrymple

(b) Residence Address

875 Upland Drive
Elmira, NY 14905

(c) Present Principal Occupation

Vice President & Secretary of Dalrymple Holding Corporation

(d), (e) Legal Proceedings

None

(f) Citizenship

United States

Catherine D. Smith

(a) Name

Catherine D. Smith

(b) Residence Address

430 Pine Drive
Jackson, WY 83001

(c) Present Principal Occupation

None

(d), (e) Legal Proceedings

None

(f) Citizenship

United States

Joanne F. Dalrymple

(a) Name

Joanne F. Dalrymple

(b) Residence Address

274 Coleman Avenue
Elmira, NY 14903

(c) Present Principal Occupation

None

(d), (e) Legal Proceedings

None

(f) Citizenship

United States

Dalrymple Holding Corporation

(a) Name

Dalrymple Holding Corporation

(b) State of Organization

New York

(c) Principal Business

Parent company of several construction companies

(d) Principal Business Address

2105 South Broadway
Pine City, NY 14871

(e), (f) Legal Proceedings

None

The directors and executive officers of Dalrymple Holding Corporation are set forth on Schedule I attached hereto. Schedule I sets forth the following information with respect to each such person:

(i) name;

(ii) business address (or residence address where indicated);

(iii) present principal corporation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted; and

(iv) citizenship.

During the last five years, neither Dalrymple Holding Corporation nor any person named in Schedule I attached hereto has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Dalrymple Family Limited Partnership

(a) Name

Dalrymple Family Limited Partnership

(b) State of Organization

New York

(c) Principal Business

Investing Partnership

(d) Principal Business Address

2105 South Broadway
Pine City, NY 14871

(e), (f) Legal Proceedings

None

David J. Dalrymple and Joanne F. Dalrymple are the two general partners of Dalrymple Family Limited Partnership. David J. Dalrymple and Joanne W. Dalrymple and their children are the limited partners of said partnership. Pursuant to the terms of the partnership agreement, said general partners share voting and dispositive powers with respect to all assets owned by said partnership, decisions to be made by a majority vote with each general partner entitled to cast one vote for each percentage point, or fraction thereof, of such general partners' partnership percentage in effect as of the date of such vote. The limited partners have no power to vote or direct the voting of or dispose or direct the disposition of partnership assets.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended by adding the following to the end thereof:

Since August 11, 2005, David J. Dalrymple has acquired 8,726 shares by purchase for cash in the open market in numerous separate trades at prices ranging from $29.50 to $33.15 per share and, in addition, has acquired 2,041 shares by grant from the Issuer.

Since August 11, 2005, Robert H. Dalrymple has acquired 1,667 shares by grant from the Issuer.

On December 31, 2007, Joanne F. Dalrymple acquired the power to vote or to direct the voting or to dispose or direct the disposition of 305,520 shares held by the Dalrymple Family Limited Partnership when she became a general partner of the limited partnership. No consideration was paid by Joanne F. Dalrymple in connection with her acquisition of an interest as general partner in the limited partnership.

None of Catherine D. Smith, Dalrymple Holding Company or Dalrymple Family Limited Partnership has acquired any shares since August 11, 2005.

Item 4. Purpose of Transaction.

Item 4 is hereby amended by deleting it in its entirety and inserting the following in place thereof:

"The Reporting Persons acquired the shares of stock of the Issuer reported herein for investment purposes only. Except as set forth below, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in (a) through (j) of Item 4 of Schedule 13D.

David J. Dalrymple was elected to the Board of Directors of the Issuer in 1993 and continues to serve on the Board of Directors as Chairman of the Board. Robert H. Dalrymple was elected to the Board of Directors of the Issuer in 1995 and continues to serve on the Board of Directors. Neither David J. Dalrymple nor Robert H. Dalrymple has any plans to seek to acquire control of the Issuer as a result of their membership on the Issuer's Board of Directors.

Depending on market conditions and other factors that each may individually deem material to its investment decisions, each of the Reporting Persons may purchase additional shares of the common stock of the Issuer in open market or private transactions or may dispose of all or a portion of the shares of common stock of the Issuer that such Reporting Person now owns or may hereafter acquire either in the open market or in privately negotiated transactions."

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended by deleting part (a) in its entirety and inserting the following in place thereof:

"(a)

David J. Dalrymple

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that David J. Dalrymple may be deemed to beneficially own is 385,269. This number consists of 1,433 shares held directly in David J. Dalrymple's name, 59,416 shares held by Dalrymple Holding Corporation, 305,520 shares held by Dalrymple Family Limited Partnership and 18,900 shares held as co-trustee of trusts under the Will of Mary Ellen Dalrymple. This number does not include 30,230 shares of the Issuer held by Susquehanna Supply Company, of which David J. Dalrymple is a 23.1% owner, of which shares David J. Dalrymple disclaims any beneficial ownership. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that David J. Dalrymple may be deemed to beneficially own is 10.93%.

Robert H. Dalrymple

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that Robert H. Dalrymple may be deemed to beneficially own is 315,000. This number consists of 236,684 shares held directly in Robert H. Dalrymple's name, 59,416 shares held by Dalrymple Holding Corporation, and 18,900 shares held as co-trustee of trusts under the Will of Mary Ellen Dalrymple. This number does not include 30,230 shares of the Issuer held by Susquehanna Supply Company, of which Robert H. Dalrymple is a 23.1% owner nor does it include 6,246 shares owned by his spouse, Elizabeth T. Dalrymple, of which shares Robert H. Dalrymple disclaims any beneficial ownership. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that Robert H. Dalrymple may be deemed to beneficially own is 8.93%.

Catherine D. Smith

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that Catherine D. Smith may be deemed to beneficially own is 124,786. This number consists of 117,056 shares held directly in Catherine D. Smith's name, 3,922 shares held jointly with her spouse, and 3,808 shares held by Catherine D. Smith as custodian for her children under the New York State Gifts to Minors Act. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that Catherine D. Smith may be deemed to beneficially own is 3.62%.

Joanne F. Dalrymple

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that David Joanne F. Dalrymple may be deemed to beneficially own is 305,520. This number consists of 305,520 shares held by Dalrymple Family Limited Partnership. This number does not include 79,749 shares of which her spouse, David J. Dalrymple, may be deemed the beneficial owner, of which shares Joanne F. Dalrymple disclaims any beneficial ownership. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that Joanne F. Dalrymple may be deemed to beneficially own is 8.68%.

Dalrymple Holding Corporation

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that Dalrymple Holding Corporation beneficially owns is 59,416. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that Dalrymple Holding Corporation beneficially owns is 1.69%.

Dalrymple Family Limited Partnership

For purposes of Section 13(d) of the Exchange Act, including the Rules and Regulations thereunder, the aggregate number of shares of the Common Stock of the Issuer that Dalrymple Family Limited Partnership may be deemed to beneficially own is 305,520 shares. The aggregate percentage of the issued and outstanding Common Stock of the Issuer that Dalrymple Family Limited Partnership may be deemed to beneficially own is 8.67%."

Item 5 is further amended by deleting part (b) in its entirety and inserting the following in place thereof:

"(b)

David J. Dalrymple

David J. Dalrymple may be deemed to share power to vote or direct the voting and share power to dispose or direct the disposition of 383,836 shares of the Common Stock of the Issuer and has sole power to vote or direct the voting and sole power to dispose or direct the disposition of 1,433 shares.

Robert H. Dalrymple

Robert H. Dalrymple may be deemed to share power to vote or direct the voting and share power to dispose or direct the disposition of 78,316 shares of the Common Stock of the Issuer and has sole power to vote or direct the voting and sole power to dispose or direct the disposition of 236,684 shares.

Catherine D. Smith

Catherine D. Smith may be deemed to share power to vote or direct the voting and share power to dispose or direct the disposition of 7,730 shares of the Common Stock of the Issuer and has sole power to vote or direct the voting and sole power to dispose or direct the disposition of 117,056 shares.

Joanne F. Dalrymple

Joanne F. Dalrymple may be deemed to share power to vote or direct the voting and share power to dispose or direct the disposition of 305,520 shares of the Common Stock of the Issuer.

Dalrymple Holding Corporation

Dalrymple Holding Corporation has shared voting and dispositive power over 59,416 shares of the Common Stock of the Issuer.

Dalrymple Family Limited Partnership

Acting through its two general partners, Dalrymple Family Limited Partnership has voting and dispositive power over 305,520 shares of the Common Stock of the Issuer."

Item 5 is further amended by deleting part (c) in its entirety and inserting the following in place thereof:

"(c)

David J. Dalrymple

On December 26, 2007, David J. Dalrymple ceased to be the custodian of 3,808 shares held for the benefit of his sons under New York's Uniform Gifts to Minors Act and, accordingly, ceased to have any power to vote or direct the voting or dispose or direct the disposition of such shares.

On December 26, 2007, the Dalrymple Family Limited Partnership redeemed the partnership interests of Catherine D. Smith and Robert H. Dalrymple, both general partners and limited partners of the limited partnership, distributing amounts of shares of common stock of the Issuer proportionate to the redeemed partners' respective interests in the limited partnership. As a result of such redemptions, the total amount of shares of common stock of the Issuer held by the limited partnership was reduced to 305,520, and David J. Dalrymple ceased to have any beneficial ownership of the shares distributed by the limited partnership in such redemptions.

On January 15, 2008, David J. Dalrymple acquired 765 additional shares by grant of the Issuer.

Robert H. Dalrymple

On December 26, 2007, the Dalrymple Family Limited Partnership redeemed 100% of the partnership interests of Robert H. Dalrymple, a general partner and limited partner of the limited partnership, distributing amounts of shares of common stock of the Issuer proportionate to his interests in the limited partnership. As a result of such redemptions, Robert H. Dalrymple received 170,327 shares from the limited partnership and ceased to have any voting or dispositive rights or powers with respect to any of the shares held by the limited partnership post-redemption.

On January 15, 2008, Robert H. Dalrymple acquired 587 additional shares by grant of the Issuer.

Catherine D. Smith

On December 26, 2007, the Dalrymple Family Limited Partnership redeemed 100% of the partnership interests of Catherine D. Smith, a general partner and limited partner of the limited partnership, distributing amounts of shares of common stock of the Issuer proportionate to her interests in the limited partnership. As a result of such redemptions, Catherine D. Smith received 107,856 shares from the limited partnership and ceased to have any voting or dispositive rights or powers with respect to any of the shares held by the limited partnership post-redemption.

Joanne F. Dalrymple

Joanne F. Dalrymple effected no transactions in the Common Stock of the Issuer during the past sixty (60) days.

Dalrymple Holding Company

Dalrymple Holding Company effected no transactions in the Common Stock of the Issuer during the past sixty (60) days.

Dalrymple Family Limited Partnership

On December 26, 2007, the Dalrymple Family Limited Partnership redeemed 100% of the partnership interests of Catherine D. Smith and Robert H. Dalrymple, both general partners and limited partners of the limited partnership, distributing 278,683 shares of common stock of the Issuer. As a result of such redemptions, the total amount of shares of common stock of the Issuer held by Dalrymple Family Limited Partnership was reduced to 305,520, and the limited partnership ceased to have any beneficial ownership of the shares distributed by the limited partnership in such redemptions.

Item 5 is further amended by deleting part (e) in its entirety and inserting the following in place thereof:

"(e)

Catherine D. Smith

On December 26, 2007, Catherine D. Smith ceased to be a general partner of the Dalrymple Family Limited Partnership and so ceased to have any right to vote or direct the voting or dispose or direct the disposition of any shares held by the limited partnership. As a result, Catherine D. Smith ceased to be the beneficial owner of more than 5% of the outstanding Common Stock of the Issuer on such date.

Dalrymple Holding Company

Dalrymple Holding Company has never been the beneficial owner of more than 5% of the outstanding Common Stock of the Issuer, but has voluntarily reported its holdings on Schedule 13D.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended by deleting it in its entirety and inserting the following in the place thereof:

David J. Dalrymple and Robert H. Dalrymple are siblings. As a result of their close family relationship, the above-named individuals communicate regularly about a variety of concerns, including financial matters. Although there are no implicit or explicit arrangements, understandings or contracts between said persons with respect to the shares of this Issuer, they each may rely in part on the advice and opinions of the other when making individual voting or dispositive decisions with respect to such shares. Each of David J. Dalrymple and Robert H. Dalrymple expressly disclaims any beneficial ownership of any and all shares owned by the other.

David J. Dalrymple and Joanne F. Dalrymple are married to each other. As a result of their close family relationship, the above-named individuals communicate regularly about a variety of concerns, including financial matters. Although there are no implicit or explicit arrangements, understandings or contracts between said persons with respect to the shares of this Issuer (other than pursuant to the terms of the Agreement of Limited Partnership of the Dalrymple Family Limited Partnership as described at Item 2 hereof), they each may rely in part on the advice and opinions of the other when making individual voting or dispositive decisions with respect to such shares. Each of David J. Dalrymple and Joanne F. Dalrymple expressly disclaims any beneficial ownership of any and all shares owned by the other.

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended and supplemented by adding the following as Exhibits to the Schedule 13D:

(1) Joint Filing Agreement, dated February 11, 2008, among David J. Dalrymple, Robert H. Dalrymple, Catherine D. Smith, Joanne F. Dalrymple, Dalrymple Holding Corporation and Dalrymple Family Limited Partnership.

Signature:

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

 

Signature:

          /s/ David J. Dalrymple                  
              David J. Dalrymple

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

 

Signature:

          /s/Jane H. Adamy                      
            Robert H. Dalrymple
            By Jane H. Adamy under Power of
            Attorney

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

 

Signature:

          /s/Jane H. Adamy                     
             Catherine D. Smith
             By Jane H. Adamy under Power of
             Attorney

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

 

Signature:

          /s/Jane H. Adamy                      
             Joanne F.Dalrymple
             By Jane H. Adamy under Power of
             Attorney

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

 

 

DALRYMPLE HOLDING CORPORATION

Signature:

By:           /s/ David J. Dalrymple             

Name:
Title:

                 David J. Dalrymple
                 President

          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2008

DALRYMPLE FAMILY LIMITED PARTNERSHIP

Signature:

By:       /s/ David J. Dalrymple                 

Name:
Title:

             David J. Dalrymple
             General Partner

Dated: February 11, 2008

 

Signature:

By:      /s/Jane H. Adamy                      

 

          Joanne F. Dalrymple

 

          General Partner

 

          By Jane H. Adamy under Power of
          Attorney

 

 

 

EXHIBIT INDEX

Exhibit No.

Description

Page No.

1

Joint Filing Agreement between David J. Dalrymple, Robert H. Dalrymple, Catherine D. Smith, Joanne F. Dalrymple, Dalrymple Holding Corporation and Dalrymple Family Limited Partnership

Attached as graphic

2

Power of Attorney from David J. Dalrymple dated August 8, 2005

Attached as graphic

3

Power of Attorney from Robert H. Dalrymple dated August 8, 2005

Attached as graphic

4

Power of Attorney from Catherine A. Smith dated August 8, 2005

Attached as graphic

SCHEDULE I

The name and present principal occupation of each of the executive officers and directors of Dalrymple Holding Corporation

22

 

EXHIBIT 1
JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on Schedule 13D, as amended by Amendment No. 7, dated [date] (the "Schedule 13D") with respect to the Common Stock, par value $0.01 per share, of Chemung Financial Corporation is, and any further amendments thereto executed by each of us shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, and that this agreement shall be included as an Exhibit to the Schedule 13D and each such amendment. Each of the undersigned agrees to be responsible for the timely filing of the Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning itself contained therein. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 11th day of February, 2008.

 

          /s/ David J. Dalrymple                              
David J. Dalrymple.

 

          /s/Jane H. Adamy                                    
Robert H. Dalrymple
By Jane H. Adamy under Power of Attorney

 

          /s/Jane H. Adamy                                   
Catherine D. Smith
By Jane H. Adamy under Power of Attorney

 

          /s/Jane H. Adamy                                  
Joanne F. Dalrymple
By Jane H. Adamy under Power of Attorney

 

DALRYMPLE HOLDING CORPORATION
By:      /s/David J. Dalrymple                             
               David J. Dalrymple, President

 

DALRYMPLE FAMILY LIMITED PARTNERSHIP
By:      /s/ David J. Dalrymple                                
                 David J. Dalrymple, General Partner

 

 

 

 

 

 

 

 

 

SCHEDULE I

The name and present principal occupation of each of the executive officers and directors of Dalrymple Holding Corporation are set forth below. Unless otherwise noted, each of theses persons is a United States citizen and has as his or her business address 2105 South Broadway, Pine City, New York 14871.

Name

Position with Reporting Person

Principal Occupation

David J. Dalrymple

President

Same

Edward C. Dalrymple, Jr.

Vice President & Treasurer

Same

Robert H. Dalrymple

Vice President & Secretary

Same