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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): September 24, 1997
QUARTERDECK CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-19207 95-4320650
(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
13160 Mindanao Way, Marina del Rey, California 90292
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 309-3700
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On September 24, 1997, Quarterdeck Corporation (the "Company") received
a conversion notice from the holder of its Series B Convertible Preferred Stock,
stated value $100 per share (the "Series B Preferred Stock"), exercising the
right to convert 40,000 shares of the Series B Preferred Stock at a Conversion
Price of $2.693 into 1,485,332 shares of the Company's Common Stock, par value
$.001 per share ("Common Stock"). In addition, on September 30, 1997, the
Company received a conversion notice from such holder exercising the right to
convert 10,000 shares of Series B Preferred Stock at a conversion price of
$2.7282 into 366,542 shares of Common Stock. Such conversions have been effected
by the Company pursuant Section 3(a)(9) of the Securities Act of 1933, as
amended (the "Act"), in that such converted shares of Series B Preferred Stock
were exchanged by the issuer with its existing security-holders exclusively
where no commission or other remuneration was paid or given directly or
indirectly for soliciting such exchange, and/or Regulation S of the Act.
In addition, as previously reported in the Company's Current Report on
Form 8-K dated September 30, 1997, on September 30, 1997, for ten million
dollars, the Company repurchased, at par, all of the outstanding shares of
Series B Preferred Stock and canceled warrants to purchase 800,000 shares of the
Company's Common Stock owned by the holder of the Series B Preferred Stock. As a
result the conversions and repurchase, no shares of Series B Preferred Stock
remain outstanding as of the date hereof.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
QUARTERDECK CORPORATION, a
Delaware corporation
By: /s/ Frank R. Greico
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Name: Frank R. Greico
Title: Senior Vice President and Chief
Financial Officer
October 7, 1997
