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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
SYNETIC, INC.
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(Exact name of issuer as specified in charter)
669 River Drive, Elmwood Park, New Jersey 07407
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(Address of principal executive offices)
Issuer's telephone number, including area code: (201) 703-3400
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Increase of 5% or more in the number of shares outstanding:
1. Title of security: Common Stock, $.01 par value per share ("Common Stock")
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2. Number of shares outstanding before the change: 12,552,269
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3. Number of shares outstanding after the change: 16,429,876
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4. Effective date of change: February 13, 1995
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5. Method of change:
Call for Redemption of Convertible Subordinated Debentures
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Resulting in Conversion of Such Debentures into Common Stock
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Give brief description of transaction:
On January 27, 1995, Synetic, Inc. (the "Company") called for
redemption on February 13, 1995 the entire $80,500,000 outstanding principal
amount of its 7% Convertible Subordinated Debentures Due 2001 (the
"Debentures"). The right to convert
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Debentures into Common Stock expired at the close of business on February 10,
1995. The Company has issued an aggregate of approximately 3,877,607 shares of
Common Stock upon conversion of $79,104,000 aggregate principal amount of
Debentures. The remaining $1,396,000 aggregate principal amount of Debentures
were redeemed by the Company.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: not applicable
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2. Name after change: not applicable
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3. Effective date of charter amendment changing name: not applicable
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4. Date of shareholder approval of change, if required: not applicable
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Date: February 17, 1995 SYNETIC, INC.
By: /s/ Victor L. Marrero
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Name: Victor L. Marrero
Title: Vice President - Finance and
Chief Financial Officer
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