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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
ADVANCED POLYMER SYSTEMS, INC.
3696 Haven Avenue, Redwood City, CA 94063
Issuer's telephone number, including area code (415) 366-2626
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 15,168,963
3. Number of shares outstanding after the change 16,404,399
4. Effective date of change 6/30/94, 9/30/94, 12/30/94, and 3/30/95
5. Method of change Private Placement
Specific method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock for
treasury, etc.) _________________________
Give brief description of transaction Private Placement
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 May 4, 1995 Michael O'Connell, Chief Financial Officer