SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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
PRIME RETAIL, INC.
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(Exact name of issuer as specified in charter)
100 EAST PRATT STREET
NINETEENTH FLOOR
BALTIMORE, MARYLAND 21202
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(Address of principal executive offices)
Issuer's telephone number, including area code 410-234-0782
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase of decrease) of five percent or more in the number
of shares outstanding:
1. Title of security: 8.5% Series B Cumulative Participating Convertible
Preferred Stock ("Convertible Preferred Stock")
2. Number of shares before the change: 2,806,000
3. Number of shares outstanding after the change: 2,981,800
4. Effective date of the change: February 20, 1997
5. Method of the change: Public Stock Offering
Give brief description of transaction: Pursuant to the terms and conditions of a
stock offering for 175,800 shares of the Company's Convertible Preferred Stock
as set forth in a Prospectus dated February 14, 1997, the Company sold 175,800
shares of the Company's Convertible Preferred Stock at $22.75 per share.
II. CHANGE IN NAME OF THE 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: February 20, 1997 /s/ Robert P. Mulreaney
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Robert P. Mulreaney
Executive Vice President,
Chief Financial Officer
and Treasurer
