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
JW CHARLES FINANCIAL SERVICES, INC.
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(Exact Name of Issuer as Specified in Charter)
980 NORTH FEDERAL HIGHWAY, SUITE 210, BOCA RATON, FLORIDA 33432
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(Address of Principal Executive Offices)
(407) 338-2600
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(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, par value $.001 per share.
2. Number of shares outstanding before the change: 3,914,748.
3. Number of shares outstanding after the change: 1,998,899.
4. Effective date of change: June 11, 1996 (as to 1,600,339
shares; as to 315,510 shares, effective as of April 15, 1996).
5. Method of change: Acquisition of stock for treasury.
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.)
Give brief description of transaction: Repurchased
1,915,849 shares of common stock from Gilman CMG, Inc.
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: N/A.
Date June 14, 1996 /s/ Joel E. Marks - Vice Chairman
(Officer's Signature and Title)
