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
INTERCELL CORPORATION Commission File No. 0-14306
7201 East Camelback Road, Suite 250
Scottsdale, AZ 85251
(602)952-1528
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, No Par
2. Number of shares outstanding before the change: 13,504,512 as of August 28,
1996
3. Number of shares outstanding after the change: 14,904,512 as of September 3,
1996
4. Effective date of change: September 3, 1996
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Merger.
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Give brief description of transaction:
On September 3, 1996, Intercell Corporation issued One Million, Four
Hundred Thousand (1,400,000) of its common, restricted shares to the
shareholders of Particle Interconnect, Inc., as a result of the merger of
Particle Interconnect, Inc., a California corporation, into Particle
Interconnect Corporation, a Colorado corporation, a wholly owned subsidiary
of Intercell Corporation.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: Not Applicable
2. Name after change: Not Applicable
3. Effective date of charter amendment changing name: Not Applicable
4. Date of shareholder approval of change, if required: Not Applicable
Date: September 3, 1996 INTERCELL CORPORATION
/s/ Gordon J. Sales
By: ____________________________________
Gordon J. Sales,
President & Chief Executive Officer
