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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
Panatech Research and Development Corporation
_______________________________________________________________________________
(Exact name of issuer as specified in charter)
P.O. Box 23160, Albuquerque, New Mexico 87192
______________________________________________________________________________
(Address of principal executive office)
Issuer's telephone number, including area code 505-271-2200
______________________________
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
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2. Number of shares outstanding before the change 3,692,300
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3. Number of shares outstanding after the change 3,902,415
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4. Effective date of change September 21, 1995
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5. Method of change:
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.)
exercise of warrants
_________________________________________________________________
Give brief description of transaction: outstanding warrants exercised
_____________________________________
II. CHANGE IN NAME OF ISSUER
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 _____________
Date: September 27, 1995 Panatech Research and Development Corporation
_____________________ _____________________________________________
/s/ Arthur J. Rosenberg
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Arthur J. Rosenberg, President
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(Officer's signature and title)
