PICTURETEL CORP
10-C, 1995-11-08
TELEPHONE & TELEGRAPH APPARATUS
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<PAGE>   1

                                                                          2931


                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 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

                            PICTURETEL CORPORATION
- --------------------------------------------------------------------------------
                (Exact name of issuer as specified in charter)

                       222 Rosewood Drive, Danvers, MA
- --------------------------------------------------------------------------------
                   (Address of principal executive offices)

Issuer's telephone number, including area code 508-762-5000
                                               ---------------------------------

                  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    16,228,243
                                                   -----------------------------

3.  Number of shares outstanding after the change     32,456,486
                                                  ------------------------------

4.  Effective date of change    100% stock dividend to be paid 
                                November 14, 1995 to stockholders  
                                of record on October 30, 1995
                            ----------------------------------------------------

5.  Method of change:  Specify method (such as merger, acquisition, exchange,
    distribution, stock split, reverse split, acquisition of stock for treasury,
    etc.)

    2 for 1 Stock Split accomplished by 100% stock dividend
- --------------------------------------------------------------------------------

Give brief description of transaction   stock split to be effected by a 100%
                                      ------------------------------------------
stock dividend of one share of Common Stock on each outstanding share of 
- --------------------------------------------------------------------------------
Common Stock
- ------------
                        II.  CHANGE IN NAME OF ISSUER

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

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

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

4.  Date of shareholder approval of change, if required  N/A
                                                        ------------------------

Date   November 8, 1995                                 /s/ Les B. Strauss
     ------------------------                    -------------------------------
                                                 (Officer's signature and title)


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