SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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
Electrosource, Inc.
(Exact name of issuer as specified in charter)
3800B Drossett Drive
Austin, Texas 78744-1131
(Address of principal executive offices)
Issuer's telephone number, including area code: (512) 445-6606
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, par value $.10 per share.
2. Number of shares outstanding before the change: 24,673,231
3. Number of shares outstanding after the change: 26,144,432
4. Effective date of change: October 18, 1995
5. Method of change:
Specify method (such as merger, acquisition, exchange,
distributions, stock split, reverse split, acquisition of stock
for treasury, etc.): Issuance of shares for cash, services or as
license payments in various transactions.
Give brief description of transaction: On October 2, 1995,
the Company issued 104,895 shares of Common Stock upon the
exercise of Convertible Debentures under an April 12, 1995,
placement. On October 2 and October 3, 1995, the Company issued
an aggregate of 195,949 shares of Common Stock upon the exercise
of Convertible Debentures under a July 27, 1995, placement. On
October 18, 1995, 1,170,357 shares of Common Stock were issued
pursuant to a private placement dated October 10, 1995,
generating net proceeds to the Company of approximately
$1,500,000.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: Not Applicable.
2. Name after change: Not Applicable.
3. Effective date of charter amendment changing name: Not
Applicable.
4. Date of shareholder approval of change, if required: Not
Applicable.
Date: October 20, 1995
/s/
James M. Rosel, Vice President
(Officer's signature and title)
