UNITED STATES
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
WTD Industries, Inc.
(Exact name of issuer as specified in charter)
10260 S.W. Greenburg Road, Suite 900, Portland, Oregon 97223
(Address of principal executive offices)
Issuer's telephone number, including area code (503) 246-3440
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 Stock, no par value
2. Number of shares outstanding before the change 9,334,874
3. Number of shares outstanding after the change 9,909,249
4. Effective date of change July 9, 1993 with respect to
6,000 shares (exercise of options)
August 25, 1993 with respect to 7,413 shares
September 2, 1993 with respect to 1,000 shares (exercise
of options)
September 23, 1993 with respect to 19,800 shares
(exercise of options)
December 9, 1993 with respect to 6,230 shares
January 5, 1994 with respect to 10,163 shares
January 13, 1994 with respect to 7,797 shares
January 18, 1994 with respect to 4,000 shares (exercise
of options)
January 20, 1994 with respect to 5,000 shares (exercise
of options)
January 25, 1994 with respect to 2,600 shares (exercise
of options)
February 1, 1994 with respect to 6,000 shares (exercise
of options)
February 10, 1994 with respect to 31,150 shares
February 17, 1994 with respect to 467,222 shares
5. Method of change:
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of
stock for treasury, etc.) Partial conversion of Series
B Preferred Stock into Common Stock and exercise of
certain former employees' stock options.
Give brief description of transaction Certain
shareholders of the Company's Series B Preferred Stock
have converted their shares into the Company's Common
Stock. In addition, certain former employees exercised
options to purchase Common Stock.
Date February 23, 1994 WTD Industries, Inc.
s/ K. Stanley Martin
_______________________
K. Stanley Martin
Vice President-Finance