ANCOR COMMUNICATIONS INC /MN/
10-C, 1996-07-12
COMPUTER COMMUNICATIONS EQUIPMENT
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<PAGE>
 
                      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 and Exchange Act of 1934 and Rule 13a-17
                             or 15d-17 thereunder

                      Ancor Communications, Incorporated
              6130 Blue Circle Drive, Minnetonka, Minnesota 55343

Issuer's telephone number, including area code:  (612) 932-4000

                  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, $.01 par value
                            ---------------------------------------------
     2.  Number of shares outstanding before the change  8,505,092
                                                         ----------------
     3.  Number of shares outstanding after the change   9,037,320
                                                         ----------------
     4.  Effective date of change  on or about July 5, 1996 
                                   -------------------------------------- 
     5.  Method of change:  Warrant Exercise
 
     Give brief description of transaction:    On June 28, 1996, the Company's
Registration Statement on Form S-3 registering the resale of up to 689,050
shares of its Common Stock issued or to be issued upon the exercise of certain
warrants was declared effective.  The Registration Statement was filed by the
Company at the request of the holders of such warrants.  As of July 11, 1996,
532,228 shares had been issued pursuant to the exercise of such warrants.


                         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:  July 12, 1996                      /s/ Lee B. Lewis, VP/CFO
                                          --------------------------------
                                          (Officer's signature and title)



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