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
FOREST OIL CORPORATION
(Exact name of issuer as specified in charter)
2200 Colorado State Bank Building
1600 Broadway
Denver, Colorado 80202
(Address of principal executive offices)
(303) 812-1400
(Issuer's telephone number, including area code)
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in
number of shares outstanding:
1. Title of Security: Common Stock, Par Value $.10 Per
Share (Common Stock)
2. Number of shares of Common Stock outstanding before the
change: 10,660,291
3. Number of shares of Common Stock outstanding after the
change: 12,342,041
4. Effective date of change: January 24, 1996
5. Method of change: The number of shares of Common Stock
outstanding has changed from the amount as last reported
because of (i) conversions of the Company's $.75 Convertible
Preferred Stock, Par Value $.01 Per Share, into shares of
Common Stock, and (ii) the issuance to JEDI (a Delaware
limited partnership, whose general partner is an affiliate of
Enron Corp.) of certain shares of the Company's common stock
in exchange for approximately $22.4 million principal amount
of debt and warrants to purchase certain shares of the
Company's common stock held by JEDI.
Give brief description of transactions: From January 8, 1996
(the effective date of last reported change), through January
24, 1996, 2,500 shares of the Company's $.75 Convertible
Preferred Stock was converted into 8,750 shares of Common
Stock at a conversion rate of 3.5. The 2,500 shares of $.75
Convertible Preferred Stock were converted after the effective
date of the reverse stock split, but prior to the receipt of
the new Common Stock share certificates, and therefore were
converted at the rate of 3.5. This conversion, when adjusted
for the reserve stock split effective 1/8/96, results in
1,750 shares of Common Stock. As a result of the Agreement
between the Company and JEDI (a Delaware limited partnership,
whose general partner is an affiliate of Enron Corp.) JEDI
received 1,680,000 shares of the Company's Common Stock in
exchange for approximately $22.4 million principal amount of
debt and warrants to purchase certain shares of the Company's
common stock held by JEDI.
As of January 24, 1996 there were 12,342,041 total shares of
Common Stock outstanding.
The following table summarizes the changes in the amount of
shares outstanding from the last reported change:
Shares of Shares of
Old Common Stock New Common Stock
Outstanding as of 1/8/96 53,301,458 10,660,291
Conversions ................... 8,750 1,750
53,310,208 10,662,041
JEDI Agreement 1,680,000
Outstanding as of 1/24/96 12,342,041
The Common Stock is traded in the National Market System of the
National Association of Securities Dealers, Inc. Automated
Quotation System. Each share of the $.75 Convertible Preferred
Stock is convertible at any time into .7 shares of Common Stock.
Each Warrant is exercisable at any time into shares of Common
Stock.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: Not applicable.
2. Name after change:
3. Effective date of charter amendment changing name:
4. Date of shareholder approval of change, if required:
FOREST OIL CORPORATION
(Registrant)
By: /s/ Daniel L. McNamara
Daniel L. McNamara
Secretary
January 29, 1995
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