GRAHAM CORP — Director's Dealing 2013

Oct 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAHAM CORP (GHM)
CIK: 0000716314
Period of Report: 2013-10-29

Reporting Person: Glajch Jeffrey (VP-Finance; CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-29	Common Stock	M	1000	$8.01	Acquired	42100	Direct
2013-10-29	Common Stock	M	4693	$15.22	Acquired	46793	Direct
2013-10-29	Common Stock	M	1307	$15.25	Acquired	48100	Direct
2013-10-29	Common Stock	S	7000	$37.9398	Disposed	41100	Direct
2013-10-29	Common Stock	M	129	$15.25	Acquired	41229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-29	Stock Option (Right to Buy)	$8.01	M	1000	Disposed	2019-03-02	Common Stock (1000)	Direct
2013-10-29	Stock Option (Right to Buy)	$15.22	M	4693	Disposed	2019-05-28	Common Stock (4693)	Direct
2013-10-29	Stock Option (Right to Buy)	$15.25	M	1436	Disposed	2020-05-20	Common Stock (1436)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$18.65	2022-05-30	Common Stock (7141)	7141	Direct

Footnotes

F1: Includes 641 shares acquired under the Graham Corporation Employee Stock Purchase Plan.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.80 to $38.13. Mr. Glajch undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.

F3: This option was previously reported by Mr. Glajch and is exercisable 33 1/3% per year over three years beginning on the first anniversary of the 5/30/12 grant date.