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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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) APRIL 9, 1998
INSCI CORP.
Exact name of Registrant as specified in its Charter)
DELAWARE
(State of other jurisdiction of incorporation)
1-12966 06-1302773
Commission File No. I.R.S. Employer Identification
TWO WESTBOROUGH BUSINESS PARK,
WESTBOROUGH, MA 01581
Address of principal Zip Code
executive offices
(508) 870-4000
Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS
The Registrant (the "Company") was informed by Mr. Thomas Farkas on
April 9, 1998 that he has exercised his right to convert $1,000,000 of 10%
Convertible-Preferred Stock into 1,321,039 shares of Common Stock of the
Company.
The Company will issue 1,321,039 shares of Common Stock to Mr. Farkas,
as per the terms of the 10% Convertible-Preferred Stock, and will be required to
register 661,597 shares of the stock issued to Mr. Farkas, in accordance with
the cost-free registration rights granted to him.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: Westborough, MA
April 17, 1998
INSCI CORP.
(Registrant)
/s/ Roger Kuhn
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ROGER KUHN
Chief Financial Officer
