Hardinge Form 4 HARDINGE / RANDALL D BAHR ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BAHR RANDALL D

(Last) (First) (Middle)

C/O HARDINGE INC.

ONE HARDINGE DRIVE

(Street)

ELMIRA NY 14903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HARDINGE INC [ HDNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. Vice President, Corp. Dev.

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$12.04	05/25/2018		D			37,500	(1)	06/05/2027	Common Stock	37,500	$6.46(1)	0	D
Stock Option (Right to Buy)	$12.04	05/25/2018		D			37,500	(2)	06/05/2027	Common Stock	37,500	$6.46(2)	0	D

Explanation of Responses:

1. On June 6, 2017, the reporting person was granted an option to purchase 37,500 shares of Hardinge Inc. common stock, which option was to vest in two (2) equal annual installments beginning June 6, 2019. On May 25, 2018, the option was exchanged for an equity interest in Hardinge Holdings, LLC in a tax-free transaction carried out pursuant to a certain Agreement and Plan of Merger, dated as of February 12, 2018, by and among Hardinge Holdings, LLC, Hardinge Merger Sub, Inc., and Hardinge Inc. (hereinafter referred to as the "Merger Agreement"). The amount reported in Column 8 represents the value assigned to the option for purposes of completing the tax-free exchange and is equal to the difference between the market value of the underlying Hardinge Inc. common stock as of the transaction date ($18.50 per share) and the exercise price of the option.

2. On June 6, 2017, the reporting person was granted an option to purchase 37,500 shares of Hardinge Inc. common stock, which option was to vest upon the completion of certain milestones associated with the economic performance of the issuer over a three year period beginning on the grant date. On May 25, 2018, the option was exchanged for an equity interest in Hardinge Holdings, LLC in a tax-free transaction carried out pursuant to the Merger Agreement. The amount reported in Column 8 represents the value assigned to the option for purposes of completing the tax-free exchange and is equal to the difference between the market value of the underlying Hardinge Inc. common stock as of the transaction date ($18.50 per share) and the exercise price of the option.

	John R. Alexander, as Attorney-in-Fact, pursuant to a Power of Attorney dated June 5, 2017	05/30/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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