FSI INTERNATIONAL INC
10-C, 1995-07-14
SPECIAL INDUSTRY MACHINERY, NEC
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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 RULES 13A-17 AND 15D-17 THEREUNDER

                            FSI International, Inc.
 -----------------------------------------------------------------------------
                (Exact Name of Issuer as Specified in Charter)

                           322 Lake Hazeltine Drive
                           Chaska, Minnesota  55318
 -----------------------------------------------------------------------------
                   (Address of Principal Executive Offices)

                                (612) 448-5440
 -----------------------------------------------------------------------------
               (Issuer's Telephone Number, Including Area Code)



                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

      Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

     1.    Title of security:      Common Stock, no designated par value

     2.    Number of shares outstanding before the change:     17,148,598
 
     3.    Number of shares outstanding after the change:      19,768,222
 
     4.    Effective date of change:       July 5, 1995

     5.    Method of change:  Exercise of employee stock options for an
                              aggregate of 119,624 shares; public
                              offering of 2,500,000 shares.


                   II. CHANGE IN NAME OF ISSUER

                           Not Applicable


                                    FSI INTERNATIONAL, INC.



Date:   July 14, 1995               By /s/ Benno G. Sand         
      ----------------              ----------------------------   
                                    Its Executive Vice President 
                                    and Chief Executive Officer  





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