PHYCOR INC/TN
10-C, 1996-06-03
OFFICES & CLINICS OF DOCTORS OF MEDICINE
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<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

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

          30 Burton Hills Boulevard, Suite 400, Nashville, TN 37215
          ---------------------------------------------------------
                   (Address of principal executive offices)

Issuer's telephone number, including area code         (615) 665-9066
                                              ----------------------------------

                  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, no par value per share
                      ----------------------------------------------------------
        

2. Number of shares outstanding before the change    36,078,916
                                                   -----------------------------


3. Number of shares outstanding after the change     54,118,374
                                                  ------------------------------


4. Effective date of change     June 14, 1996
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5. Method of change:

        Specify method (such as merger, acquisition, exchange, distribution,
        stock split, reverse split, acquisition of stock for treasury, etc.)

              Stock-Dividend
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        Give brief description of transaction  Three-for-two stock split of
                                               ---------------------------------
              PhyCor, Inc. Common Stock, to be effected as a 50% stock dividend
              ------------------------------------------------------------------
              payable on June 14, 1996 to shareholders of record on 
              ------------------------------------------------------------------
              May 31, 1996.
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Date:  May 22, 1996                         By: /s/ John K. Crawford
     ----------------------                 ------------------------------------


                                            Title: Chief Financial Officer
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