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
MACROCHEM CORPORATION
(Exact Name of issuer as specified in charter)
110 Hartwell Avenue, Lexington, MA 02173-3134
(Address of principal executive offices)
Issuer's telephone number, including area code: (617) 862-4003
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
A. 1. Title of security: Common Stock, $.01 par value
2. Number of shares outstanding before the change: 13,129,320 at
12/31/95
3. Number of shares outstanding after the change: 14,755,988
4. Effective date of change: January 31 - February 2, 1996
5. Method of Change:
Specify Method: Issuance of shares on partial exercise of Unit
Purchase Options.
Give brief description of transaction: Kinder Investments, L.P.
exercised an aggregate of 49 1/6 Units and
exercised 151,667 Class A Warrants for a total of
1,626,668 shares.
B. 1. Title of security: Class A Warrants
2. Number of shares outstanding before the change: 1,434,899 at 12/31/95
3. Number of shares outstanding after the change: 1,774,899
4. Effective date of change: January 31 - February 2, 1996
5. Method of change:
Specify Method: Issuance of Class A Warrants on partial exercise of
Unit Purchase Options.
Give brief description of transaction: Kinder Investments, L.P.
acquired an aggregate of 340,000 Class A Warrants
in connection with the exercise of Units.
C. 1. Title of security: Class AA Warrants
2. Number of shares outstanding before the change: 1,519,899 at 12/31/95
3. Number of shares outstanding after the change: 2,011,566
4. Effective date of change: January 31 - February 2, 1996
5. Method of change:
Specify method: Issuance of Class AA Warrants on partial exercise of
Unit Purchase Options.
Give brief description of transaction: Kinder Investments, L.P.
acquired an aggregate of 491,667 Class AA Warrants
in connection with the exercise of Units.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change:
2. Name after change:
3. Effective date of charter amendment changing name:
4. Date of shareholder approval of change, if required:
Date: February 9, 1996 MacroChem Corporation
/s/ Alvin J. Karloff
Alvin J. Karloff, President & C.E.O.
(Officer's signature & title)
