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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
Alpharel, Inc.
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(Exact name of issuer as specified in charter)
9339 Carroll Park Drive, San Diego, California 92121
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(Address of principal executive offices)
Issuer's telephone number, including area code (619) 625-3000
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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
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2. Number of shares outstanding before the change 16,869,303
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3. Number of shares outstanding after the change 18,034,370
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4. Effective date of change February 20, 1996
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5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock of treasury, etc.) Conversion of
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outstanding convertible securities; new issuance
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Give brief description of transaction The issuer issued; a)1,063,234 shares
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of Common Stock in connection with the conversion of a Convertible Loan
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Note dated December 27, 1995 and the outstanding Series B Convertible
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Preferred Stock and b) 101,833 shares to certain of its employees.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change ____________________________________________________
2. Name after change __________________________________________________________
3. Effective date of charter amendment changing name __________________________
4. Date of shareholder approval of change, if required ________________________
Date February 21, 1996
----------------------------- /s/ John W. Low, Chief Financial Officer
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(Officer's signature & title)
