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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) September 16, 1996
INSCI CORP.
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Exact name of Registrant as specified in its Charter)
DELAWARE
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(State of other jurisdiction of incorporation)
1-12966 06-1302773
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Commission File No. I.R.S. Employer Identification
Two Westborough Business Park,
Westborough, MA 01581
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Address of principal Zip Code
executive offices
(508) 870-4000
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Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS
The Registrant (the "Company") was advised by Information Management
Technologies Corporation ("IMTECH") its majority stockholder, that on September
16, 1996 IMTECH sold 600,000 shares of the restricted Common Stock owned by
IMTECH in the Company in a private transaction to accredited investors. The sale
by IMTECH reduces its ownership in the Company from approximately 38% of the
issued and outstanding Common Stock to approximately 20%. IMTECH assigned its
piggy back and registration rights with respect to the 600,000 shares to the
purchasers. The Company was further advised by IMTECH that it would file the
appropriate notification of the sales transaction with the Securities and
Exchange Commission.
Dated: Westborough, Massachusetts
September 22, 1996
INSCI CORP.
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(Registrant)
/s/ ROGER KUHN
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ROGER KUHN
CHIEF FINANCIAL OFFICER
