<PAGE> 1
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
LIFEQUEST MEDICAL, INC.
- --------------------------------------------------------------------------------
(Exact name of issuer as specified in charter)
9601 McAllister Freeway, Suite 1120, San Antonio, Texas 78216
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Issuer's telephone number, including area code (210) 366-2100
--------------------------------
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, $.001 par value
--------------------------------------------------------
2. Number of shares outstanding before the change 3,793,205
---------------------------
3. Number of shares outstanding after the change 4,393,205
----------------------------
4. Effective date of change November 27, 1996
-------------------------------------------------
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
-------------------------------------------------------------------------
Give brief description of transaction:
Pursuant to a Plan of Merger, and Acquisition Agreement dated
November 27, 1996 (the "Agreement"), Klein Medical, Inc., a Texas
corporation ("KMI"), was merged with and into Klein Medical
Acquisition Co., a Nevada corporation ("KMAC"), and a wholly
owned subsidiary of LifeQuest Medical Inc., a Delaware
corporation ("LifeQuest"), with KMAC as the surviving
corporation. As provided in the Agreement, all the issued and
outstanding shares of KMI common stock, $1.00 par value, were
converted into the right to receive an aggregate of 600,000
shares of LifeQuest common stock, $.001 par value.
<PAGE> 2
II. CHANGE IN NAME OF ISSUER
6. Name prior to change N/A
----------------------------------------------------
7. Name after change N/A
--------------------------------------------------------
8. Effective date of charter amendment changing name N/A
------------------------
9. Date of shareholder approval of change, if required N/A
----------------------
Date: December 6, 1996 /s/ Randall K. Boatright
----------------------- -------------------------------------
(Officer's signature)
Title: Vice President and
------------------------------
Chief Financial Officer
------------------------------
-2-