SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTER-DEALER QUOTATION SYSTEM FILED PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 AND RULES 13a-17 AND 15d-17 THEREUNDER
HealthWatch, Inc.
(Exact Name of Issuer as Specified in Charter)
2445 Cades Way, Vista, CA 92083
(Address of Principal Executive Offices)
619-598-4333
(Issuer's Telephone Number, Including Area Code)
I. 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: Common Stock.
2. Number of shares outstanding before the change: 1,551,610.
3. Number of shares outstanding after the change: 1,640,276.
4. Effective date of change: July 1, 1996.
5. Method of change: Issuance of stock upon exercise of warrant
and for services rendered.
Give brief description of transaction: From June 20 to July 1, 1996, an
aggregate of 88,666 shares of the Company's Common Stock were issued upon
exercise of outstanding stock purchase warrants and for services rendered.
II. CHANGE IN NAME OF ISSUER
(Not Applicable)
Dated July 2, 1996 /s/ Lindley S. Branson
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Lindley S. Branson, President
