INDIVIDUAL INC
10-C, 1996-07-03
COMPUTER PROCESSING & DATA PREPARATION
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM

                  FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
                SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17
                              OR 15D-17 THEREUNDER

                                INDIVIDUAL, INC.
- ------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)

            8 NEW ENGLAND EXECUTIVE PARK WEST, BURLINGTON, MA  01803
- ------------------------------------------------------------------------------
                    (Address of principal executive offices)

                 Issuer's telephone number, including area code
                                 (617) 273-6000

                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of shares
outstanding:

1. Title of security  Common Stock, $.01 par value
                      --------------------------------------------------------
2. Number of shares outstanding before the change  12,511,748
                                                   ---------------------------
3. Number of shares outstanding after the change   14,026,057
                                                   ---------------------------
4. Effective date of change  June 28, 1996
                             -------------------------------------------------
5. Method of change:
   Specify method (such as merger, acquisition, exchange, distribution, stock
   split, reverse split, acquisition of stock for treasury, etc.): Acquisition
                                                                   ----------- 
   by reverse-triangular merger
   ---------------------------------------------------------------------------

   Give brief description of transaction:  On June 28, 1996, Individual, Inc.
                                           -----------------------------------
   (the "Company") issued an aggregate of 1,514,309 shares of Common Stock,
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   $.01 par value per share (the "Common Stock"), (not including 360,180 
   ---------------------------------------------------------------------------
   shares of Common Stock reserved for issuance upon the exercise of 
   ---------------------------------------------------------------------------
   outstanding FreeLoader stock options assumed by Individual in connection
   ---------------------------------------------------------------------------
   with the acquisition) in consideration of its acquisition of all of  the
   ---------------------------------------------------------------------------
   outstanding capital stock of FreeLoader, Inc. ("FreeLoader"), pursuant to
   ---------------------------------------------------------------------------
   an Agreement and Plan of Reorganization dated May 30, 1996 among the 
   ---------------------------------------------------------------------------
   Company, FL Merger Corp., a wholly-owned subsidiary of the Company,
   ---------------------------------------------------------------------------
   FreeLoader and certain stockholders of FreeLoader.
   --------------------------------------------------

                          II. CHANGE IN NAME OF ISSUER

1.    Name prior to change  N/A
                            --------------------------------------------------

2.    Name after change  N/A
                         -----------------------------------------------------

3.    Effective date of charter amendment changing name  N/A
                                                         ---------------------

4.    Date of shareholder approval of change, if required  N/A
                                                           -------------------

   Date:  July 2, 1996        /s/ Robert L. Lentz
          ------------        ------------------------------------------------
                              Vice President, Finance and Chief
                                 Financial Officer


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