GRAHAM CORP — Director's Dealing 2010

Jun 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAHAM CORP (GHM)
CIK: 0000716314
Period of Report: 2010-06-02

Reporting Person: BIDLACK JERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-02	Common Stock	S	3	$16.46	Disposed	31529	Direct
2010-06-02	Common Stock	S	100	$16.40	Disposed	31429	Direct
2010-06-02	Common Stock	S	1397	$16.386	Disposed	30032	Direct
2010-06-02	Common Stock	S	100	$16.37	Disposed	29932	Direct
2010-06-02	Common Stock	S	2900	$16.367	Disposed	27032	Direct
2010-06-02	Common Stock	S	300	$16.351	Disposed	26732	Direct
2010-06-02	Common Stock	S	100	$16.35	Disposed	26632	Direct
2010-06-02	Common Stock	S	82	$16.345	Disposed	26550	Direct
2010-06-02	Common Stock	S	18	$16.34	Disposed	26532	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$7.976	2016-06-01	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$6.90	2017-05-31	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$30.875	2018-05-29	Common Stock (924)	924	Direct

Footnotes

F1: This option was previously reported by Mr. Bidlack.

F2: This option was previously reported by Mr. Bidlack and is exercisable pro rata on the first, second, third and fourth anniversaries of the 5/31/07 grant date.

F3: This option was previously reported by Mr. Bidlack and is exercisable pro rata on the first, second, third and fourth anniversaries of the 5/29/08 grant date.