GENETICS INSTITUTE INC
10-C, 1996-06-06
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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<PAGE>   1
                                  UNITED STATES
                       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

                            GENETICS INSTITUTE, INC.
- --------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)

                    87 CambridgePark Dr., Cambridge, MA 02140
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)

Issuer's telephone number, including area code  (617)876-1170
                                               ---------------------------------

                    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: Depositary Shares, each representing one share of 
                          Common Stock, $0.01 par value per share, subject to 
                          a call option held by AHP Biotech Holdings, Inc. and 
                          evidenced by a depositary receipt
                          ------------------------------------------------------

2.     Number of shares outstanding before the change:  11,433,204
                                                      --------------------------

3.     Number of shares outstanding after the change:   12,694,729
                                                     ---------------------------

4.     Effective date of change:     May 31, 1996
                                ------------------------------------------------

5.     Method of change: Specify method (such as merger, acquisition, exchange,
       distribution, stock split, reverse split, acquisition of stock for
       treasury, etc.)  Warrant  and  stock  option  exercises, issuances
                        --------------------------------------------------------
       under Employee Stock Purchase Plan.
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       Give brief description of transaction:  Issuance of stock as a result
                                               ---------------------------------
       of (1) exercises of stock options under stock option  plan, (2) exercise
       -------------------------------------------------------------------------
       of warrants and (3) issuances under Employee Stock Purchase Plan.
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                          II. CHANGE IN NAME OF ISSUER

1.     Name prior to change:    N/A
                             ---------------------------------------------------

2.     Name after change:       N/A
                           -----------------------------------------------------

3.     Effective date of charter amendment changing name:       N/A
                                                          ----------------------

4.     Date of shareholder approval of change, if required: 
                                                            --------------------

Date: June 6, 1996

             /s/ Garen G. Bohlin 
             -----------------------------------------------------------------
             Garen G. Bohlin, Executive Vice President & Chief Financial Officer



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