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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
PXRE CORPORATION
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(Exact name of issuer as specified in charter)
399 Thornall Street, Edison, New Jersey 08837
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(Address of principal executive offices)
Issuer's telephone number, including area code (908) 906-8100
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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 Depositary Shares, each representing 1/100th of a share
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of Series A Cumulative Convertible Preferred Stock
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2. Number of shares outstanding before the change At March 15, 1995, there
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were 865,222 Depositary Shares outstanding, as reported in the Issuer's
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Form 10-K for the year ended December 31, 1994.
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3. Number of shares outstanding after the change At April 17, 1995, there were
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809,822 Depositary Shares outstanding; at April 21, 1995, there were
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513,717 Depositary Shares outstanding.
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4. Effective date of change See response to Item 3. On May 1, 1995, all
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outstanding Depositary Shares will be redeemed by the Issuer.
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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.)
Conversion of Depositary Shares to shares of Issuer's Common Stock
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Give brief description of transaction Various holders of Depositary
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Shares have exercised their conversion rights thereunder in
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anticipation of the May 1, 1995 redemption of Depositary Shares.
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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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Date April 26, 1995 /s/ Sanford M. Kimmel
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Sanford M. Kimmel
Senior Vice President, Treasurer
and Chief Financial Officer
