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: 27,932,604
3. Number of shares outstanding after the change: 30,090,604
4. Effective date of change: December 21, 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 December 21, 1995,
the Company authorized the issuance of 2,158,000 shares pursuant
to the terms of an Amendment dated November 1, 1995, to the
Business Alliance and License Agreement between Electrosource,
Inc., and Electric Power Research Institute.
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: December 21, 1995
/s/ James M. Rosel
James M. Rosel, Vice President
(Officer's signature and title)
