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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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
CLIFFS DRILLING COMPANY
(Exact name of issuer as specified in charter)
300 Citicorp Center, Houston, Texas 77002
(Address of principal executive offices)
Issuer's telephone number, including area code: (713) 651-9426
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 securitiy: Common Stock, $.01 Par Value
2. Number of shares outstanding before the change: 4,518,104
3. Number of shares outstanding after the change: 4,268,104
4. Effective date of change: 3/25/94
5. Method of change: Acquisition of stock for treasury
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition, of stock
for treasury, etc.)
Give brief description of transaction: purchased an aggregate of
250,000 shares in open market transactions between December 1, 1993 and March
25, 1994.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change:
2. Name after change:
3. Effective date of charter amendment changing name:
4. Date of shareholder approval of change, if required:
Date: March 31, 1994 CLIFFS DRILLING COMPANY
By: /s/ JAMES E. MITCHELL, JR.
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James E. Mitchell, Jr.
Secretary
