SC 13G 1 0001.txt SCHEDULE 13G ------------------------------- / OMB APPROVAL / ------------------------------- / OMB Number: 3235-0145 / / Expires: December 31, 1997 / / Estimated average burden / / hours per response ... 14.90/ ------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* CTI Industries Corporation ------------------------------------ (Name of Issuer) Common Stock, $.195 Par Value ------------------------------------ (Title of Class of Securities) 125961 30 0 ------------ (CUSIP Number) Check the following box if a fee is being paid with this statement. [_] (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") 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). SEC 1745 (2-95) ---------------------------- --------------------- CUSIP NO. 125961 30 0 13G PAGE 2 OF 4 PAGES ---------------------------- --------------------- -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John C. Davis -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] -------------------------------------------------------------------------------- SEC USE ONLY 3 -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States -------------------------------------------------------------------------------- SOLE VOTING POWER 5 NUMBER OF 16,026 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 16,026 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 16,026 -------------------------------------------------------------------------------- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 * Less than 1% -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 12 IN -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 125961 30 0 13G PAGE 3 OF 4 PAGES ITEM 1. (a) Name of Issuer CTI Industries Corporation (b) Address of Issuer's Principal Executive Offices 22160 North Pepper Road Barrington, Illinois 60010 ITEM 2. (a) Name of Person Filing John C. Davis (b) Address of Principal Business Office or, if none, Residence 22160 North Pepper Road Barrington, Illinois 60010 (c) Citizenship United States (d) Title of Class of Securities Common Stock, $.195 Par Value (e) CUSIP Number 125961 30 0 ITEM 3. N/A ITEM 4. OWNERSHIP (a) Amount Beneficially Owned 16,026 (b) Percent of Class * Less than 1 % (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 16,026 (ii) shared power to vote or to direct the vote ------ CUSIP NO. 125961 30 0 13G PAGE 4 OF 4 PAGES (iii) sole power to dispose or to direct the disposition of 16,026 (iv) shared power to dispose or to direct the disposition of ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the securities, check the following. [X] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A ITEM 10. CERTIFICATION. N/A 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. The filing of this statement shall not be construed as an admission that the undersigned is for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement. February 14, 2001 ------------------------------ Date /s/ John C. Davis ------------------------------ John C. Davis