ARISTA INVESTORS CORP
10-C, 1996-06-24
INSURANCE AGENTS, BROKERS & SERVICE
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                                  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

                               ARISTA INVESTORS CORP.                           
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                 (Exact name of issuer as specified in charter)

                        116 John Street, New York, New York 10038               
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                    (Address of principal executive offices)

Issuer's telephone number, including area code  (212) 964-2150                  
                                               ---------------------------------

                    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  Class A Common Stock, par value $.01 per share          
                       ---------------------------------------------------------

2.   Number of shares outstanding before the change  1,930,600 (excluding 10,000
                                                    ----------------------------
                                                     shares held in treasury)
                                                     ------------------------

3.   Number of shares outstanding after the change  2,570,100                   
                                                   -----------------------------

4.   Effective date of change June 14, 1996                                     
                             ---------------------------------------------------

5.   Method of change:
     Specify method (such as merger, acquisition, exchange, distribution, stock
     split, reverse split, acquisition of stock for treasury, etc.) Exercises of
                                                                   -------------
     warrant and stock options by various holders thereof                       
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     Give brief description of transaction Mr. Bernard Kooper, the Company's
                                          ----------------------------------
     Chairman of the Board and President, exercised a warrant to acquire 365,000
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     shares of the Company's Class A Common Stock. In addition, several other
     ------------------------------------------------------------------------
     persons exercised options to acquire in the aggregate 274,500 shares of
     -----------------------------------------------------------------------
     Class A Common Stock.                                                      
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                          II. CHANGE IN NAME OF ISSUER

1.   Name prior to change N/A                                                   
                         -------------------------------------------------------

2.   Name after change N/A                                                      
                      ----------------------------------------------------------

3.   Effective date of charter amendment changing name N/A                      
                                                      --------------------------

4.   Date of shareholder approval of change, if required N/A                    
                                                        ------------------------

Date June 21, 1996                  /s/ Stanley Mandel, Executive Vice President
    ----------------             -----------------------------------------------
                                             (Officer's signature & title)


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