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 GAMETEK, INC. - ----------------------------------------------------------------- (Exact Name of Issuer as specified in charter) Three Harbor Drive, Suite 110, Sausalito, California 94965 - ----------------------------------------------------------------- (Address of principal executive offices) Issuer's telephone number, including area code (415) 289-0220 -------------- 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 ------------------------- 2. Number of shares outstanding before the change: 10,367,853 ----------- 3. Number of shares outstanding after the change: 11,427,853 ----------- 4. Effective date of change: July 8, 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 to majority shareholder. Give brief description of transaction: Effective July 8, 1996, Bill B. Britt, the majority shareholder of the issuer, in a private placement, acquired an additional 1,060,000 shares of the issuer's common stock, for an aggregate purchase price of $2,650,000, raising Mr. Britt's holdings to 9,337,853 shares, or 81.71% of the issuer's then-outstanding shares. The purchase price was paid by converting outstanding debt owing to Mr. Britt by Issuer, in the amount of the purchase price. 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: July 15, 1996 s/ Max Rudminat _______________________________________ (Officer's signature and title) Max Rudminat, Chief Financial Officer