AGRIBIOTECH INC
10-C, 1996-09-27
MISCELLANEOUS NONDURABLE GOODS
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<PAGE>
 
                      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


                               AgriBioTech, Inc.
                             ---------------------
                (Exact name of issuer as specified in charter)

             2700 Sunset Road, Suite C-25, Las Vegas, Nevada 89120
             -----------------------------------------------------
                   (Address of principal executive offices)

        Issuer's telephone number, including area code: (702) 798-1969


     I.   CHANGE IN NUMBER OF OUTSTANDING SHARES

     Indicate any change (increase or decrease) of five percent 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:  9,451,244

3.   Number of shares outstanding after the change:  10,761,303

4.   Effective date of change: September 19, 1996

5.   Method of change: Issuer issued shares of Common Stock. See Exhibit A.

      Brief description of transaction: Issuer issued shares of Common Stock in 
the transactions listed on Exhibit A attached hereto.

     II.  CHANGE IN NAME OF ISSUER

1.   Name prior to change: Not Applicable

2.   Name after change:  Not Applicable

3.   Effective date of charter amendment changing name: Not Applicable

4.   Date of shareholder approval of change, if required: Not Applicable

Date:   September 26, 1996

                                        /s/  Henry A. Ingalls
                                     -----------------------------
                                     Name:  Henry A. Ingalls
                                     Title: Chief Financial Officer


<PAGE>
 
                            ATTACHMENT TO FORM 10-C
                           DATED SEPTEMBER 26, 1996

     The Issuer issued the following shares of its common stock in the following
transactions:

(i) An aggregate of 168,697 shares were issued between September 12, 1996 and 
September 19, 1996 upon the conversion of preferred stock of the Issuer. An 
additional 28,862 shares were issued after September 19, and through the date 
hereof, upon the conversion of preferred stock; and

(ii) An aggregate of 362,500 shares were issued on September 19, 1996 upon 
exercise of stock options; and

(iii) An aggregate of 750,000 shares were issued on September 20, 1996 in 
exchange for the assignment of certain options.



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