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: 21,420,114
3. Number of shares outstanding after the change: 23,293,730
4. Effective date of change: September 8, 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 July 24, 1995,
and July 27, 1995, the Company issued 288,462 and 55,710 shares
of Common Stock, respectively, an aggregate of 344,172, upon the
exercise of Convertible Debentures under an April 12, 1995,
placement. On September 7, 1995, the Company issued 1,360,000
shares for services under the terms of a consulting agreement
dated September 1, 1995, and an additional 120,000 shares to be
issued on a quarterly basis under such Agreement. On September
7, 1995, the monthly commitment of 47,222 shares each, an
aggregate of 94,444, for August and September were issued under
the terms of a Technology License Agreement and 75,000 shares of
Common Stock were issued under the terms of the 1987 Stock Option
Plan.
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: September 8, 1995
/S/
James M. Rosel, Vice President
(Officer's signature and title)
