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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
Report by Issuer of Securities Quoted on The Nasdaq
Stock Market, Filed Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
and Rule 13a-17 or 15d-17 thereunder
UNITED PETROLEUM CORPORATION
(Exact name of Issuer as specified in its charter)
4867 North Broadway, Knoxville, Tennessee 37918
(Address of principal executive offices)
(423) 688-0582
(Issuer's telephone number, including area code)
I. Change in Number of Shares Outstanding
1. Title of Security: Common Stock, $.01 par value per share.
2. Number of Shares Outstanding Before the Change: 4,660,156
3. Number of Shares Outstanding After the Change: 5,109,660
4. Effective Date of Change: August 16, 1996
5. Method of Change: Conversion of debt to shares.
Give a Brief Description of the Transaction: Conversion of debt to
stock pursuant to terms of Convertible Debentures.
II. Change in Name of Issuer
1. Name Prior to Change:
2. Name After Change:
3. Effective date of charter amendment requiring changing name:
4. Date of Shareholder Approval of Change, if Required:
Dated: August 22, 1996
United Petroleum Corporation
By: /s/ L. Douglas Keene, Jr.
L. Douglas Keene, Jr.
Executive Vice-President
