<PAGE> 1
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
CYBERGUARD CORPORATION
- --------------------------------------------------------------------------------
(Exact Name of Issuer as Specified in Charter)
2101 West Cypress Creek Road, Ft. Lauderdale, FL 33309-1892
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)
(954) 974-1700
- --------------------------------------------------------------------------------
(Issuer's Telephone Number, Including Area Code)
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 Common Stock, $.01 par value
-------------------------------
2. Number of shares outstanding before the change 5,998,415
--------------------
3. Number of shares outstanding after the change 6,681,593
---------------------
4. Effective date of change June 27, 1996
-------------------------
5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition of
stock for treasury, etc.)
PRIVATE PLACEMENT
- --------------------------------------------------------------------------------
Give brief description of transaction ON JUNE 27, 1996, THE ISSUER SOLD THE
ASSETS OF ITS REAL-TIME COMPUTER BUSINESS, ALONG WITH 683,178 SHARES OF ITS
COMMON STOCK, IN EXCHANGE FOR SHARES OF COMMON AND PREFERRED STOCK OF THE BUYER
AND THE ASSUMPTION BY THE BUYER OF CERTAIN LIABILITIES.
- --------------------------------------------------------------------------------
II. CHANGE IN NAME OF ISSUER
1. Name prior to change HARRIS COMPUTER SYSTEMS CORPORATION
----------------------------------------------
2. Name after change CYBERGUARD CORPORATION
-------------------------------------------------
3. Effective date of charter amendment changing name June 26, 1996
-----------------
4. Date of shareholder approval of change, if required June 26, 1996
---------------
Date July 3, 1996 /s/ Brian Foremny, Secretary
---------------------------- -----------------------------------------
(Officer's Signature and Title)