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: 17,185,745
3. Number of shares outstanding after the change: 18,082,577
4. Effective date of change: June 5, 1995
5. Method of change:
Specify method (such as merger, acquisition, exchange,
distributions, stock split, recourse split, acquisition of stock
for treasury, etc.): Issuance of shares for cash in various
transactions.
Give brief description of transaction: The Company issued
13,500 shares of Common Stock upon the exercise of options
granted under the 1987 Stock Option Plan. As of January 31,
1995, the Company entered into a Technology License Agreement
whereby 100,000 shares of Common Stock were issued and a
commitment was made to issue 47,222 shares monthly for a period of 36
months commencing as of January 1. On February 28, 1995, 141,666
shares were issued representing the January, February and March
issues. Subsequently, 47,222 shares were issued April 4, May 5
and June 5. The Company issued 500,000 shares of Common Stock
on March 10 in a Placement of its securities.
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: June 5, 1995
/s/James M. Rosel
James M. Rosel, Vice President
(Officer's signature and title)
