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: 53,289,960
3. Number of shares of Common Stock outstanding after the
change: 10,660,291
4. Effective date of change: January 8, 1996
5. Method of change: The number of shares of Common Stock
outstanding has changed from the amount as last reported
because of (i) the issuance by the Company of shares of Common
Stock as contributions to the Company's Retirement Savings
Plan for the benefit of its employees, and (ii) the approval
of the Company's shareholders of a reverse split of its Common
Stock. The reverse split will result in the reclassification
of each five (5) shares of Common Stock outstanding into one
(1) share. In addition, as a result of the reverse stock
split, each share of the Company's outstanding $.75
Convertible Preferred Stock is convertible into 0.7 shares of
Common Stock.
Give brief description of transactions: From December 20, 1995
(the effective date of last reported change), through January
8, 1996, the Company issued and contributed 11,498 shares of
Common Stock to its Retirement Savings Plan. As a result of
the approval of the Company's shareholders of a reverse split
of its Common Stock, the reverse split resulted in the
reclassification of each five (5) shares of Common Stock
outstanding into one (1) share.
As of January 8, 1996 there were 10,660,291 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
Common Stock
Outstanding as of 12/20/95 53,289,960
Retirement Savings Plan Contribution 11,498
Balance 53,301,458
5*1 Reverse Stock Split-Resulting Share Balance 10,660,291
Outstanding as of 1/8/96 10,660,291
The Common Stock is traded in the Nasdaq National Market. 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: January
5, 1996.
FOREST OIL CORPORATION
(Registrant)
By /s/ Daniel L. McNamara
_______________________
Daniel L. McNamara
Secretary
January 15, 1996
-3-
