FORM 10-Q
MARCH 31, 1996
EXHIBIT 11
American Power Conversion Corporation and Subsidiaries
Computation of Earnings Per Share
Three Months Ended
March 31,
1996 1995
(Unaudited)
Primary:
Weighted average shares
outstanding 93,419,328 92,450,296
Net effect of dilutive
stock options and warrants
based on the treasury stock
method using the average
market price 331,119 886,437
Total 93,750,447 93,336,733
Net Income $15,212,570 $18,269,813
Per share amount $0.16 $0.20
Fully Diluted:
Weighted average shares
outstanding 93,419,328 92,450,296
Net effect of dilutive
stock options and warrants
based on the treasury stock
method using the period end
market price 367,297 829,456
Total 93,786,625 93,279,752
Net income $15,212,570 $18,269,813
Per share amount $0.16 $0.20
15