Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
CTI
INDUSTRIES CORPORATION
(Name of
Issuer)
COMMON
STOCK, NO PAR VALUE
(Title of Class of
Securities)
125961 30
0
(CUSIP Number)
Stephen
M. Merrick, Executive Vice-President
22160 N.
Pepper Road, Barrington, Illinois 60010 (847) 382-1000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition which is the subject of this Section 13D, and is filing this
schedule because of '
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following
box 9.
Note:
Schedules filed in paper format shall include a signed original and five copies
of the Schedule, including all exhibits. See ' 240.13d-7
for other parties to whom copies are to be sent.
*The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosure
provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to
be Afiled@ for the
purpose of Section 18 of the Securities Exchange Act of 1934 (AAct@) or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the
Notes).
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CUSIP
No. 125961 30 0
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13D
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NAMES OF REPORTING PERSONS:
John H.
Schwan |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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SEC USE ONLY: |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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PF |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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United States |
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7 |
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SOLE VOTING POWER: |
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| NUMBER OF |
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595,757 Shares of Common Stock |
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| SHARES |
8 |
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SHARED VOTING POWER: |
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| OWNED BY |
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None |
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9 |
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SOLE DISPOSITIVE POWER: |
| REPORTING |
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| PERSON |
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595,757 Shares of Common Stock |
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10 |
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SHARED DISPOSITIVE POWER: |
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None |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON: |
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595,747
Shares of Common Stock
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11): |
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Approximately 21.46% of the issued and
outstanding Common Stock |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS): |
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IN |
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CUSIP
No. 125961 30 0
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13D
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SCHEDULE
13D
ITEM
1. Security and Issuer.
This
Statement relates to shares of Common Stock (“Common Stock”) of CTI Industries
Corporation (the “Company”). The Company’s principal executive
offices are located at 22160 N. Pepper Road, Barrington, IL 60010.
ITEM
2. Identity and Background.
This
Statement is filed by John H. Schwan, an individual whose business address 22160
N. Pepper Road, Barrington, IL 60010. Mr. Schwan is both Chairman of
the Board and a Vice President of the Company. The address of the
Company’s principal executive offices is 22160 N. Pepper Road, Barrington, IL
60010. Mr. Schwan is a citizen of the United States of
America.
During
the past five years, Mr. Schwan has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), nor has he been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
ITEM
3. Source and Amount of Funds or Other Consideration.
The
aggregate purchase price for the common stock acquired by Mr. Schwan in 2009 was
approximately $20,518, excluding commissions. As of the date of this
Statement, no arrangements with third parties have been made with respect to
financing the acquisition of additional shares of Common Stock.
ITEM
4. Purpose of Transaction.
Mr.
Schwan has acquired the shares of Common Stock indicated herein solely for
investment purposes. Mr. Schwan may elect to acquire additional
shares of Common Stock or to sell shares. Any such determination may
be based on a number of factors, including the continued employment of Mr.
Schwan by the Company, the continued attractiveness of investment in the Company
at then prevailing market prices, the number of shares of Common Stock that are
available for purchase, the price or prices thereof, general market conditions
and other similar factors.
While Mr.
Schwan reserves the right to develop plans or proposals in the future with
respect to the following items, at the present time Mr. Schwan has no plans or
proposals that relate to or would result in any of the following:
(a) An
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or any of its subsidiaries;
(b) Sale
or transfer of a material amount of assets of the Company or any of its
Subsidiaries;
(c) Any
change in the present Board of Directors or management of the Company, including
any plans or proposals to change the number or term of directors or to fill any
existing vacancies on the Board;
(d) Any
material change in the present capitalization or dividend policy of the
Company;
(e) Any
other material change in the Company’s business or corporate
structure;
(f)
Changes in the Company’s charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Company by any
person;
(g)
Causing a class of securities of the Company to be delisted from a national
securities exchange or cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association;
(h) A
class of equity securities in the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934, as amended; or
(i) Any
action similar to any of those enumerated above.
ITEM
5. Interest in Securities of the Issuer.
Under the
rules and regulations of the Securities and Exchange Commission, Mr. Schwan may
be deemed to be the beneficial owner of a total of 595,757 shares of Common
Stock of the Company, representing approximately 21.46% of the issued and
outstanding shares of Common Stock.
The
percentage of outstanding shares of Common Stock of the Company set out in the
preceding paragraph is computed based on a total of 2,775,623 shares of Common
Stock outstanding as of January 26, 2010.
During
the past 60 days, Mr. Schwan has engaged in no other transactions in shares of
Common Stock.
ITEM
6. Contracts,
Arrangements, Understandings or Relationships With Respect to Securities of
the Issuer.
Mr.
Schwan is not a party to any contract, arrangement, understanding or
relationship with any other person with respect to shares of Common Stock,
including but not limited to transfer or voting of any of the securities,
finder’s fees, joint ventures, loan or option arrangement, puts or calls,
guarantees of profits, divisions of profits or loss, or the giving or
withholding of proxies.
ITEM
7. Material to be Filed as Exhibits.
Not
applicable.
Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
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February
12, 2010
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Date
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/s/
John H. Schwan |
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John
H. Schwan
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