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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
PONDER INDUSTRIES, INC.
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(Exact name of issuer as specified in charter)
511 Commerce Road, Alice, Texas 78333
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(Address of principal executive offices)
Issuer's telephone number, including area code (512) 664-5831
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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
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2. Number of shares outstanding before the change 8,618,079
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3. Number of shares outstanding after the change 9,618,079
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4. Effective date of change January 10, 1996
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5. Method of change:
Specify method (such as merger, acquisition exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)
Issuance of shares
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Give brief description of transaction:
Pursuant to Regulation S of the Securities Act of 1933, as amended,
the Company issued 1,000,000 shares upon the exercise of warrants
granted as follows: 500,000 shares of common stock, $.01 par value
under that certain Warrant Agreement dated December 22, 1995, by
and among Ponder Industries, Inc., a Delaware corporation, and
Eagle Management Services Limited, an Isle of Man corporation; and
500,000 shares of common stock, $.01 par value under that certain
Warrant Agreement dated December 22, 1995, by and among Ponder
Industries, Inc., a Delaware corporation, and Atlantic Holdings
Limited, an Ireland corporation.
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II. CHANGE IN NAME OF ISSUER
5. Name prior to change N/A
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6. Name after change N/A
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7. Effective date of charter amendment changing name N/A
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8. Date of shareholder approval of change, if required N/A
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Date: June 25, 1996 /s/ Larry Armstrong
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(Officer's signature)
Title: President
