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 9,909,249
3. Number of shares outstanding after the change 10,681,086
4. Effective date of change February 24, 1994 with respect
to 12,356 shares
March 2, 1994 with respect to 15,593 shares
March 3, 1994 with respect to 743,888 shares
September 23, 1993 with respect to 19,800 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.
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.
Date March 7, 1994 WTD Industries, Inc.
s/ K. Stanley Martin
_______________________
K. Stanley Martin,
Vice President-Finance
