SHELDAHL INC
10-C, 1995-11-22
PRINTED CIRCUIT BOARDS
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                      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

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

                   1150 Sheldahl Road, Northfield, MN 55057
                  ------------------------------------------
                   (Address of principal executive offices)

Issuer's telephone number, including area code:  (507) 663-8000
                                                ----------------

                   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, $.25 par value per share
                      ----------------------------------------
2.  Number of shares outstanding before the change: 6,833,926
                                                   -----------
3.  Number of shares outstanding after the change: 8,846,426
                                                  -----------
4.  Effective date of change: November 21, 1995
                             -------------------
5.  Method of change:

    Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.): 
 public offering
- -----------------
    Give brief description of transaction: 
 The Company sold 2,012,500 shares of its common stock in a public offering.
- -----------------------------------------------------------------------------

                         II. CHANGE IN NAME OF ISSUER

1.  Name prior to change: 
                          ------------------------------------------------
2.  Name after change: 
                       ---------------------------------------------------
3.  Effective date of charter amendment changing name: 
                                                       -------------------
4.  Date of shareholder approval of change, if required:
                                                         -----------------

Date: November 21, 1995                    /s/ John V. McManus
     -------------------                  --------------------------------
                                          John V. McManus, Vice President
                                          (Officer's signature & title)


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