0001571049-16-017564.txt : 20160817 0001571049-16-017564.hdr.sgml : 20160817 20160817154147 ACCESSION NUMBER: 0001571049-16-017564 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160817 DATE AS OF CHANGE: 20160817 GROUP MEMBERS: PRIVET FUND MANAGEMENT LLC GROUP MEMBERS: RYAN LEVENSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HARDINGE INC CENTRAL INDEX KEY: 0000313716 STANDARD INDUSTRIAL CLASSIFICATION: MACHINE TOOLS, METAL CUTTING TYPES [3541] IRS NUMBER: 160470200 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-20073 FILM NUMBER: 161838522 BUSINESS ADDRESS: STREET 1: ONE HARDINGE DRIVE CITY: ELMIRA STATE: NY ZIP: 14902 BUSINESS PHONE: 6077342281 MAIL ADDRESS: STREET 1: ONE HARDINGE DRIVE CITY: ELMIRA STATE: NY ZIP: 14902 FORMER COMPANY: FORMER CONFORMED NAME: HARDINGE BROTHERS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Privet Fund LP CENTRAL INDEX KEY: 0001414517 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3280 PEACHTREE ROAD NE STREET 2: SUITE 2670 CITY: Atlanta STATE: GA ZIP: 30305 BUSINESS PHONE: 404-419-2670 MAIL ADDRESS: STREET 1: 3280 PEACHTREE ROAD NE STREET 2: SUITE 2670 CITY: Atlanta STATE: GA ZIP: 30305 SC 13D/A 1 t1600530_sc13da.htm SCHEDULE 13D (AMENDMENT NO. 3)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

Hardinge Inc.

 

(Name of Issuer)

 

Common Stock, par value $0.01 per share

 

(Title of Class of Securities)

 

412324303

(CUSIP Number)

 

Privet Fund LP

Attn: Ryan Levenson

79 West Paces Ferry Road, Suite 200B

Atlanta, GA 30305

 

With a copy to:

 

Rick Miller

Bryan Cave LLP

1201 W. Peachtree St., 14th Floor

Atlanta, GA 30309

Tel: (404) 572-6600

 

 

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

August 8, 2016

(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box ¨.

  

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 to be “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).

 

 

 

   

 

  

SCHEDULE 13D

 

CUSIP No. 412324303   Page 2 of 7 Pages    

 

1

NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 Privet Fund LP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

 

(a) þ

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                              ¨

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION  Delaware

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH
REPORTING

PERSON
WITH:

7

SOLE VOTING POWER

0

8

SHARED VOTING POWER

1,186,440

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

1,186,440

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,186,440

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.2%

14

TYPE OF REPORTING PERSON

PN

 

   

 

  

SCHEDULE 13D

 

CUSIP No. 412324303   Page 3 of 7 Pages    

 

1

NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 Privet Fund Management LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

 

(a) þ

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

WC, AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                              ¨

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION  Delaware

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH
REPORTING

PERSON
WITH:

7

SOLE VOTING POWER

0 

8

SHARED VOTING POWER

1,238,538

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

1,238,538

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,238,538

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES þ
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.6%

14

TYPE OF REPORTING PERSON

OO

 

   

 

  

SCHEDULE 13D

 

CUSIP No. 412324303   Page 4 of 7 Pages    

 

1

NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 Ryan Levenson

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

 

(a) þ

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

AF

5

CHECK BOX 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

BENEFICIALLY

OWNED BY

EACH
REPORTING

PERSON
WITH:

7

SOLE VOTING POWER

0 

8

SHARED VOTING POWER

1,238,538

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

1,238,538

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,238,538

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.6%

14

TYPE OF REPORTING PERSON

IN

 

   

 

 

SCHEDULE 13D

 

CUSIP No. 412324303   Page 5 of 7 Pages    

 

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission on December 3, 2014, as amended on March 3, 2015 and October 16, 2015 (the “Schedule 13D”), with respect to the Common Stock, par value $0.01 per share (the “Common Stock”), of Hardinge Inc., a New York corporation (the “Company” or “Issuer”). Capitalized terms not otherwise defined herein are used as defined in the Schedule 13D. The Reporting Persons hereby amend and supplement the Schedule 13D as follows.

 

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

 

Item 3 is hereby amended and restated in its entirety to read as follows:

 

The Reporting Persons may be deemed to constitute a group pursuant to Rule 13d-5(b) as a result of entering into a Joint Filing Agreement as previously described and filed as an exhibit to the Schedule 13D. If the Reporting Persons are deemed to have formed a group, the Reporting Persons could be deemed to beneficially own the shares collectively held by the group, which would be an aggregate 1,238,538 shares or 9.6% of the Common Stock of the Company; however, each of the Reporting Persons disclaims beneficial ownership of the shares held by other members of the group except as expressly set forth herein.         

 

The aggregate purchase price of the 1,238,538 shares of Common Stock beneficially owned by the Reporting Persons is approximately $14,244,446.57, not including brokerage commissions, which was funded with partnership funds of Privet Fund LP and with assets under separately managed accounts with Privet Fund Management LLC. Privet Fund LP effects purchases of securities primarily through margin accounts maintained for it with prime brokers, which may extend margin credit to it as and when required to open or carry positions in the margin accounts, subject to applicable federal margin regulations, stock exchange rules and the prime brokers’ credit policies.

 

Item 5.Interest in Securities of the Issuer.

 

Item 5(a) is hereby amended and restated in its entirety to read as follows:

 

(a)        As of the date of this filing, the Reporting Persons beneficially own 1,238,538 shares of Common Stock, or approximately 9.6% of the outstanding Common Stock (calculated based on information included in the Form 10-Q filed by the Corporation for the calendar quarter ended June 30, 2016, which reported that 12,884,677 shares of Common Stock were outstanding as of July 29, 2016).

 

   

 

  

SCHEDULE 13D

 

CUSIP No. 412324303   Page 6 of 7 Pages    

 

Signature

 

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

 

Date:  August 17, 2016

 

  PRIVET FUND LP
   
  By: Privet Fund Management LLC,
  Its General Partner
   
  By: /s/ Ryan Levenson
  Name: Ryan Levenson
  Its: Managing Member
   
  PRIVET FUND MANAGEMENT LLC
   
  By: /s/ Ryan Levenson
  Name: Ryan Levenson
  Its: Managing Member
   
  /s/ Ryan Levenson
    Ryan Levenson

 

   

 

 

SCHEDULE 13D

 

CUSIP No. 412324303   Page 7 of 7 Pages    

  

SCHEDULE 1

 

Shares Acquired or Sold by the Reporting Persons in the Last 60 Days or Since Their Most Recent Schedule 13D Filing:

 

1.Privet Fund LP (1)

 

Trade Date Nature of Transaction
(Purchase/Sale)
Number of
Shares
Price Per Share
8/8/2016 Purchase 22,009 $10.7600 (2)(3)
8/9/2016 Purchase 22,624 $11.6093 (2)(4)
8/10/2016 Purchase 33,951 $11.6340 (2)(5)
8/11/2016 Purchase 19,389 $11.8791 (2)(6)
8/12/2016 Purchase 12,645 $11.9730 (2)(7)
8/15/2016 Purchase 33,117 $12.4072 (2)(8)
8/16/2016 Purchase 17,471 $12.2587 (2)(9)

 

2.Privet Fund Management LLC (1)

 

Trade Date Nature of Transaction
(Purchase/Sale)
Number of
Shares
Price Per Share
8/15/2016 Purchase 5,000 $12.6299

 

(1) Not including any brokerage fees.

(2) The price per share reported is a weighted average price. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, further information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (3)-(9) to this Schedule 13D.

(3) These shares were purchased at prices ranging from $10.50-$11.25, inclusive

(4) These shares were purchased at prices ranging from $11.55-$11.65, inclusive

(5) These shares were purchased at prices ranging from $11.57-$11.66, inclusive

(6) These shares were purchased at prices ranging from $11.60-$12.00, inclusive

(7) These shares were purchased at prices ranging from $11.90-$12.00, inclusive

(8) These shares were purchased at prices ranging from $11.99-$12.62, inclusive.

(9) These shares were purchased at prices ranging from $12.18-$12.42, inclusive.