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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
VINLAND PROPERTY TRUST
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(Exact name of issuer as specified in charter)
3878 Oak Lawn Avenue, Suite 300, Dallas, Texas 75219
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(Address of principal executive offices)
Issuer's telephone number, including area code (214) 522-9910
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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: SHARES OF BENEFICIAL INTEREST, NO PAR VALUE
2. Number of shares outstanding before the change: 6,960,034
3. Number of shares outstanding after the change: 1,392,007 (subject to
adjustment for elimination of fractional shares)
4. Effective date of Change: DECEMBER 1, 1995
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.):
1-FOR-5 REVERSE SHARE SPLIT
Give brief description of transaction: ON NOVEMBER 20, 1995, AT ITS
ANNUAL MEETING OF SHAREHOLDERS, THE SHAREHOLDERS OF VINLAND PROPERTY TRUST (THE
"TRUST") APPROVED AN AMENDMENT TO THE TRUST'S AMENDED AND RESTATED DECLARATION
OF TRUST, AS AMENDED, WHICH AUTHORIZED THE BOARD OF TRUSTEES TO EFFECT REVERSE
SHARE SPLITS ON A PRO RATA BASIS AND TO REDEEM FOR CASH ANY FRACTIONAL SHARES
OUTSTANDING AS A RESULT THEREOF. FOLLOWING THE EFFECTIVENESS OF THE AMENDMENT
TO THE AMENDED AND RESTATED DECLARATION OF TRUST BY FILING IN THE OFFICE OF THE
ALAMEDA COUNTY (CALIFORNIA) RECORDER OF DEEDS, RESOLUTIONS OF THE BOARD OF
TRUSTEES BECAME EFFECTIVE WHICH APPROVED AND EFFECTUATED A 1-FOR-5 REVERSE
SHARE SPLIT EFFECTIVE AT THE CLOSE OF BUSINESS ON DECEMBER 1, 1995, OF ALL OF
THE TRUST'S SHARES OF BENEFICIAL INTEREST ON THE BASIS OF ONE NEW SHARE (A
"POST-SPLIT SHARE") FOR EACH FIVE SHARES PRESENTLY OUTSTANDING (EACH AN "OLD
SHARE"). EACH POST-SPLIT SHARE, LIKE AN OLD SHARE, CONTINUES TO HAVE NO PAR
VALUE AND IT WAS NOT INTENDED THAT ANY MATERIAL DIFFERENCES EXIST BETWEEN AN
OLD SHARE AND A POST-SPLIT SHARE EXCEPT THAT FEWER POST-SPLIT SHARES WILL BE
OUTSTANDING. BASED ON THE 6,960,034 OLD SHARES OUTSTANDING ON NOVEMBER 20,
1995, THE 1-FOR-5 REVERSE SHARE SPLIT DECREASED THE NUMBER OF OUTSTANDING
SHARES TO 1,392,007 POST-SPLIT SHARES (SUBJECT TO ADJUSTMENT FOR ELIMINATION OF
FRACTIONAL SHARES) WHICH NOW CONSTITUTES THE AMOUNT OUTSTANDING. THE REVERSE
SHARE SPLIT DID NOT AFFECT ANY SHAREHOLDER'S PROPORTIONATE EQUITY INTEREST IN
THE TRUST, SUBJECT TO THE PROVISION FOR ELIMINATION OF FRACTIONAL SHARES.
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II. CHANGE IN NAME OF ISSUER
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1. Name prior to change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Name after change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Effective date of charter amendment changing name . . . . . . . . . . . . . . . . . .
4. Date of shareholder approval of change, if required . . . . . . . . . . . . . . . . .
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Date December 1, 1995 VINLAND PROPERTY TRUST
By /s/ KATIE JACKSON
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Katie Jackson, Vice President and
Chief Accounting Officer
