SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q/A
AMENDMENT NO. 1 TO
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
For the Quarter ended December 31, 1996.
Commission File Number 0-13627.
CTC COMMUNICATIONS CORP.
(Exact name of registrant as specified in its charter)
Massachusetts 04-2731202
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
360 Second Avenue, Waltham, Massachusetts 02154
(Address of principal executive offices) (Zip Code)
(617) 466-8080
(Registrant's telephone number including area code)
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes [X] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the Issuer's
classes of Common Stock, as of the latest practicable date:
As of February 4, 1997, 9,611,429 shares of Common Stock,
par value $.01 per share, were outstanding.
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FORM 10Q-A FOR THE QUARTER ENDED DECEMBER 31, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned thereunto duly authorized.
CTC COMMUNICATIONS CORP.
Date: February 18, 1997 /s/ ROBERT J. FABBRICATORE
----------------------------
Robert J. Fabbricatore
Chief Executive
Officer
Date: February 18, 1997 /s/ JOHN D. PITTENGER
-----------------------------
John D. Pittenger
Chief Financial
Officer
Exhibit 11
CTC COMMUNICATIONS CORP.
STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT FOR PER SHARE DATA)
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Three Months Ended Nine Months Ended
December 31, December 31, December 31, December 31,
1996 1995 1996 1995
------------- ------------- ------------- -------------
PRIMARY
<S> <C> <C> <C> <C>
Average shares outstanding 9,608 9,482 9,598 9,400
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 1,098 1,191 1,238 1,088
---------- ---------- ---------- ----------
Total 10,706 10,673 10,836 10,488
Net income $ 1,159 $ 1,175 $ 3,402 $ 2,813
---------- ---------- ---------- ----------
Net income per share $ 0.11 $ 0.11 $ 0.31 $ 0.27
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FULLY DILUTED
Average shares outstanding 9,608 9,482 9,598 9,400
Net effect of stock options, if dilutive,
based on the treasury stock method
using the period-end market price 1,098 1,191 1,254 1,130
---------- ---------- ---------- ----------
Total 10,706 10,673 10,852 10,530
Net income $ 1,159 $ 1,175 $ 3,402 $ 2,813
---------- ---------- ---------- ----------
Net income per share $ 0.11 $ 0.11 $ 0.31 $ 0.27
---------- ---------- ---------- ----------
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