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: 35,282,134
3. Number of shares outstanding after the change: 37,317,416
4. Effective date of change: June 7, 1996
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 April 24, 1996,
the monthly commitment of 47,222 shares for the months of March
and April were issued under the terms of a Technology License
Agreement for an aggregate of 94,444 shares. On May 1, 1996,
1,200,000 shares of Common Stock were issued under the terms of a
Private Placement dated April 29, 1996. On May 31, 1996, the
second issuance of 20,000 shares of Common Stock were issued
under the terms of a consulting agreement dated September 1,
1995. On June 7, 1996, the Company issued 720,838 shares of
Common Stock under the terms of a Private Placement dated June 5,
1996.
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 11, 1996
/s/
James M. Rosel, Vice President
(Officer's signature and title)
