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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
National Securities Corporation
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(Exact name of issuer as specified in charter)
1001 Fourth Avenue, Suite 2200, Seattle, WA 98154
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(Address of principal executive offices)
Issuer's telephone number, including area code (206) 622-7200
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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: Common Stock
2. Number of shares outstanding before the change: 804,925
3. Number of shares outstanding after the change: 845,248
4. Effective date of change: September 16, 1996
5. Method of change: New issue
Give brief description of transaction: On September 16, 1996, the
Company issued a 5% common stock dividend to shareholders of
record on September 5, 1996.
II. CHANGE IN NAME OF ISSUER
Not applicable
Date: September 16, 1996 /s/ ROBERT J. KOLLACK
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Robert J. Kollack
President
