ACT NETWORKS INC
10-C, 1996-06-10
COMPUTER COMMUNICATIONS EQUIPMENT
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<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




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