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
PaperClip Imaging Software, Inc.
Suite 600
Three University Plaza
Hackensack, NJ 07601
(201) 487-3503
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
1. Title of security - Common Stock, $.01 par value
2. Number of shares outstanding before the change - 3,843,544
3. Number of shares outstanding after the change - 7,687,088
4. Effective date of change - May 31, 1996
5. Method of change: Stock Split
Description of transaction - Stock Split (in form of dividend).
II. CHANGE IN NAME OF ISSUER
Not Applicable
Date - May 13, 1996
Signature -Sol Rosenberg, President
