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
Production Systems Acquisition Corporation
(Exact name of issuer as specified in charter)
520 Madison Avenue, New York, New York
10016
(Address of principal executive offices)
Issuer's telephone number, including area code (212) 843-1480
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:
1. Title of Security:
2. Number of shares outstanding before the change:
Number of shares outstanding after the change:
Effective date of change:
3. Method of Change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition
of stock for treasury, etc.)
4. Give brief description of transaction:
II. Change in Name of Issuer
1. Name prior to change: Production Systems Acquisition Corporation
2. Name after change: Productivity Technologies Corp.
3. Effective date of charter amendment changing name: May 28, 1996
4. Date of shareholder approval of change, if required: May 21, 1996
Date: May 28, 1996 /s/ Samuel N. Seidman
------------- Samuel N. Seidman, President
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