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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-C
Report by Issuer of Securities Quoted on NASDAQ
Inter-dealer 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)
1200 Smith Street, Suite 300, 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 security: Common Stock, $.01 par value
2. Number of shares outstanding before the change: 6,197,742
3. Number of shares outstanding after the change: 7,397,742
4. Effective date of change: 5/23/96
5. Method of change: Issuance in connection with acquisition of assets
Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Give brief description of transaction: Issued an aggregate of
1,200,000 shares of Common Stock to sellers in connection with the acquisition
of assets.
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: May 31, 1996 CLIFFS DRILLING COMPANY
By: /s/ James E. Mitchell, Jr.
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James E. Mitchell, Jr.
Secretary
