NATIONAL SECURITIES CORP/WA/, 10-C, 1995-06-02

NATIONAL SECURITIES CORP/WA/
10-C, 1995-06-02
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES

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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                INTER-DEALER QUOTATION SYSTEM FILED PURSUANT TO
               SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
                 OF 1934 AND RULES 13A-17 AND 15D-17 THEREUNDER


Exact name of registrant as specified in its charter:

                        National Securities Corporation

Address of principal executive offices:

               1001 Fourth Avenue, Suite 2200, Seattle, WA  98154

Registrant's telephone number, including area code:

                                 (206) 622-7200

                   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.

         2.      Number of shares outstanding before the change:  562,438

         3.      Number of shares outstanding after the change:   662,438

         4.      Effective date of change:  May 23, 1995

         5.      Method of change:  New issue.

         Brief description of transaction:  On May 23, 1995, National
Securities Corporation (the "Company") issued 100,000 new shares of common
stock in a private placement.  All shares were purchased for $5.00 per share.


                         II.  CHANGE IN NAME OF ISSUER


                                 Not applicable



Date: May 26, 1995                   ___________________________
                                     Robert I. Kollack,
                                     President