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
FIRST UNITED CORPORATION
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(Exact name of issuer as specified in charter)
19 South Second Street, Oakland, MD 21550
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(Address of principal executive offices)
Issuer's telephone number, including area code (301) 334-9471
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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 $.01 per share
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2. Number of shares outstanding before the change: 6,194,383
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3. Number of shares outstanding after the change: 6,504,102
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4. Effective date of change: March 29, 1996
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5. Method of change: Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock for treasury,
etc.): Stock Dividend
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Give brief description of transaction: 5% Stock Dividend declared on January 17,
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1996 and payable on March 29, 1996 to Holders of Record on March 15, 1996.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change: N/A
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2. Name after change:---------------------------------------------------------
3. Effective date of charter amendment changing name:-------------------------
4. Date of shareholder approval of change, if required:-----------------------
III. SIGNATURE
/s/ PHILIP D. FRANTZ
Date: March 29, 1996 -------------------------------
(Officer's signature)
C63815.171 Name and Title: Philip D. Frantz,
Senior Vice President & Controller
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