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
AEL INDUSTRIES, INC.
(Exact name of issuer as specified in charter)
305 Richardson Road, Lansdale, Pennsylvania 19446
(Address of principal executive offices)
Issuer's telephone number, including area code: (215/822-7272)
1. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in
the number of shares outstanding:
1. Title of security: Class A Common Stock, $1.00 par value per share
Class B Common Stock, $1.00 par value per share
2. Number of shares outstanding before the change: Class A Common Stock
- 3,675,613
Class B Common Stock
- 396,461
3. Number of shares outstanding after the change: Class A Common Stock
- 0
Class B Common Stock
- 0
4. Effective date of change: February 22, 1996
5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition of stock
for treasury, etc.): merger
Give brief description of transaction: Merger of Tracor AEL, Inc., a
wholly-owned subsidiary of Tracor, Inc., into the Company with the Company
as the surviving entity. All of the outstanding Class A and Class B Common
Stock of the Company was exchanged for cash in the amount of $24.25 per
share. All of the outstanding stock of Tracor AEL, Inc. was converted into
1000 shares of common stock of the Company, par value $1.00, comprising all
of the stock of the Company and making the Company a wholly-owned
subsidiary of Tracor, Inc.
II. CHANGE IN NAME OF ISSUER
Not applicable.
Date: February 22, 1996 AEL INDUSTRIES, INC.
By:/s/ George R. Melton
Name: George R. Melton
Title: President
