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UNITED STATES
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
IDM ENVIRONMENTAL CORP.
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(Exact name of issuer as specified in charter)
396 Whitehead Avenue, South River, New Jersey 08882
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(Address of principal executive offices)
Issuer's telephone number, including area code (908) 390-9550
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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
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2. Number of shares outstanding before the change 6,793,944
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3. Number of shares outstanding after the change 8,619,477
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4. Effective date of change 6/21/96
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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.) See attached
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Give brief description of transaction See attached
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II. CHANGE IN NAME OF ISSUER
1. Name prior to change
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2. Name after change
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3. Effective date of charter amendment changing name
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4. Date of shareholder approval of change, if required
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Date June 28, 1996 /s/ Michael B. Killeen
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(Officer's signature & title)
Chief Financial Officer
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INSTRUCTIONS
A. Form 10-C shall be used for reports under Section 13, or 15(d) of the
Securities Exchange Act of 1934, filed pursuant to Rule 13a-17 or 15d-17,
thereunder.
B. Four copies of each report on this form shall be filed with the Securities
and Exchange Commission at 450 5th Street, Washington, D.C. 20549. In
addition, a copy shall be furnished to the National Association of
Securities Dealers, Inc. (NASD), 33 Whitehall Street, N.Y., N.Y. 10004,
Uniform Practice Department. At least one of the copies filed shall be
manually signed by an officer of the issuer. Unsigned copies shall be
conformed.
C. Each report shall be filed by an issuer upon being notified that any class
of its securities is to be quoted on the NASDAQ interdealer quotations
system not later than ten days after the first date on which any aggregate
increase or decrease in the amount of securities of such class outstanding
exceeds five percent of the amount of the class outstanding as lasted
reported. A report shall also be required from any issuer quoted on the
system of any corporate name change not later than 10 days after the
change.
D. The General Rules and Regulations under the Act contain certain general
requirements applicable to reports on any form. These general requirements
should be carefully read and observed in the preparation and filing of
reports on this form.
E. The Commission does not furnish blank forms for its filing requirements.
However, copies of this form may be duplicated in reporting the requested
information.
F. Nothing required by this form shall be construed, however, to relieve any
issuer of any obligation to file any other report required under this Act
or rules promulgated thereunder with respect to the changes set forth in
instruction C above.
b:/ms/form10c2.idm
idmsecurities1996.2
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ATTACHMENT TO FORM 10-C
IDM ENVIRONMENTAL CORP.
5. Method of change:
Specify method:
a. 250,000 shares of common stock were issued in connection with the
conversion of notes payable by the company to various investors.
b. 1,363,400 shares of common stock were issued in connection with
the exercise of outstanding Class A Warrants.
c. 4,347 shares of common stock were issued in connection with the
exercise of options under the Company's 1993 Stock Option Plan.
d. 300,000 shares of common stock were issued in connection with the
exercise of the Underwriters Option.
e. 92,214 shares of common stock were cancelled in repayment of
loans to an officer.
Give brief description of transaction:
a. Conversion of $1,250,000 of convertible notes issued pursuant to
Regulation S.
b. Exercise of 1,363,400 Class A Warrants.
c. Exercise of stock options under 1993 Stock Option Plan.
d. Exercise of underwriters option granted in connection with
initial public offering.
e. Cancellation of shares of officer in repayment of loan.
