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FORM 10-C
Securities and Exchange Commission
Washington, DC 20549
Report by issuer of securities quoted on The Nasdaq Stock Market-TM-, filed
pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 and
Rule 13a-17 or 15d-17 thereunder.
EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER: Cyanotech Corporation
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ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 73-4660 Queen Kaahumanu Hwy., Suite
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102, Kailua-Kona, HI 96740
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ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE): (808) 326-1353
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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 $0.005 per share
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2. Number of shares outstanding before the change 9,908,275
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3. Number of shares outstanding after the change 11,755,650
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4. Effective date of change March 22, 1996
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5. Method of change Public offering
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Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock for treasury, etc.)
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Give brief description of transaction Follow-on public offering of 1,500,000
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shares of the Company's Common Stock ("Shares") pursuant to a firm
commitment underwriting; exercise by warrantholder to purchase 96,000
Shares; Option exercises to acquire an aggregate of 1,375 Shares and the
conversion of the Company's Series A Preferred Stock into 250,000 Shares.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change
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2. Name after change
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3. Effective date of charter amendment changing name
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4. Date of shareholder approval of change if required
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/s/ 3/27/96 Ronald P. Scott Executive Vice President, Finance & Administration
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DATE OFFICER'S SIGNATURE AND TITLE
14
