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
AST RESEARCH, INC.
(Exact name of issuer as specified in charter)
16215 ALTON PARKWAY
IRVINE, CALIFORNIA 92718
(Address of principal executive offices)
(714) 727-4141
(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 the number of shares
outstanding:
1. Title of security: Common Stock, par value $0.01 per share.
2. Number of shares outstanding before the change: [44,736,900]
3. Number of shares outstanding after the change: [57,734,830]
4. Effective date of change: July 11, 1996
5. Method of Change: Issuance of additional shares of Common Stock toward
repayment of debt.
Brief Description of Transaction: On July 11, 1996, AST Research,
Inc. (the "Company"), issued 4,498,594 shares of common stock to Tandy
Corporation ("Tandy") toward paying off $30 million of a $90 million
promissory note to Tandy related to the 1993 acquisition of Tandy's PC
manufacturing operations. In addition, the Company issued 8,499,336
shares of common stock to Samsung Electronic Co. Ltd. ("Samsung") in
exchange for $60 million in cash advanced by Samsung that was used to
repay the remaining portion of the $90 million promissory note due to
Tandy. The total amount of newly issued common stock of 12,997,930
represents approximately 22.5% of the Company's total outstanding common
stock after all of the shares were issued.
Date: July 15, 1996 AST RESEARCH, INC.
By /s/DENNIS R. LEIBEL
-----------------------------------
Dennis R. Leibel
Senior Vice President,
Legal, Administration and Secretary
