<PAGE> 1
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
ACT NETWORKS, INC.
- -------------------------------------------------------------------------------
(Exact name of issuer as specified in charter)
188 CAMINO RUIZ, CAMARILLO, CALIFORNIA 93012
- -------------------------------------------------------------------------------
(Address of principal executive offices)
Issuer's telephone number, including area code (805) 388-2474
-------------------------------
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
----------------------------------------------------
2. Number of shares outstanding before the change 7,516,771 AS OF
-----------------------
MAY 31, 1996
- -------------------------------------------------------------------------------
3. Number of shares outstanding after the change 9,476,771
-----------------------
4. Effective date of change UPON EFFECTIVENESS OF THE COMPANY'S
---------------------------------------------
REGISTRATION STATEMENT ON FORM S-3 FILED WITH THE SEC ON MAY 21, 1996.
- -------------------------------------------------------------------------------
5. Method of change:
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.)
SECONDARY PUBLIC OFFERING OF COMMON STOCK
- -------------------------------------------------------------------------------
Give brief description of transaction
Issuance and sale of 1,960,000 shares of Common Stock of ACT Networks,
Inc. in connection with the secondary public offering of such shares.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change N/A
-------------------------------------------------
2. Name after change N/A
----------------------------------------------------
3. Effective date of charter amendment changing name N/A
-------------------
4. Date of shareholder approval of change, if required N/A
-----------------
Date JUNE 5, 1996 /s/ Frederic A. Randall, Jr.
----------------- -------------------------------
(Officer's signature and title)
FREDERIC A. RANDALL, JR.
SECRETARY