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Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON THE NASDAQ STOCK MARKET
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
FIRST PACIFIC NETWORKS, INC.
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(Exact name of issuer as specified in charter)
871 FOX LANE, SAN JOSE, CALIFORNIA 95131
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(Address of principal executive offices)
Issuer's telephone number, including area code (408) 943-7600
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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
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2. Number of shares outstanding before the change: 33,131,578
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3. Number of shares outstanding after the change: 34,980,709
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4. Effective date of change: MAY 14, 1996 (EXCEEDED 5% THRESHOLD)
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5. Method of change: CONVERSION
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Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock for treasury, etc.) CONVERSION
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OF SERIES C PREFERRED STOCK AND SERIES D PREFERRED STOCK
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Give brief description of transaction 983 SHARES OF SERIES C PREFERRED STOCK
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ISSUED IN OCTOBER 1995 WERE CONVERTED INTO 699,022 SHARES OF COMMON STOCK
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PURSUANT TO THE TERMS OF THE CORRECTED CERTIFICATE OF DESIGNATION OF THE SERIES
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C PREFERRED STOCK AND 2,535 SHARES OF SERIES D PREFERRED STOCK ISSUED IN MARCH
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1996 WERE CONVERTED INTO 1,150,309 SHARES OF COMMON STOCK PURSUANT TO THE TERMS
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OF THE CERTIFICATE OF DESIGNATION OF THE SERIES D PREFERRED STOCK. THE
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ISSUANCES TOOK PLACE IN THE PERIOD FROM MARCH 27, 1996 THROUGH MAY 14, 1996.
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change: NOT APPLICABLE
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2. Name after change:
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3. Effective date of charter amendment changing name:
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4. Date of shareholder approval, if required
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Date: May 23, 1996 /s/ Kenneth W. Schneider
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Kenneth W. Schneider
Finance and Chief Financial Officer
