UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 13)*

 

CTI Industries Corporation

 

(Name of Issuer)

 

Common Stock, No Par Value

 

(Title of Class of Securities)

 

125961 30 0

 

(CUSIP Number)

 

February 10, 2014

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

xRule 13d-1(c)

 

¨Rule 13d-1(d)

 

 

*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 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).

 

 
 

 

CUSIP NO. 125961 30 0 13G Page 2 of 5 Pages

 

  NAMES OF REPORTING PERSON  
  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON  
1    
 

John H. Schwan

 
     
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
2   (a) o
    (b) o
     
  SEC USE ONLY  
3    
     
  CITIZENSHIP OR PLACE OF ORGANIZATION  
4    
 

United States

 
     
    SOLE VOTING POWER  
  5    
   

591,265

 
       
NUMBER OF   SHARED VOTING POWER  
SHARES 6    
BENEFICIALLY      
OWNED BY   SOLE DISPOSITIVE POWER  
EACH REPORTING 7    
PERSON WITH  

591,265

 
     
    SHARED DISPOSITIVE POWER  
  8    
       
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
9    
 

591,265

 
     
  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  
10   £
     
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
11    
 

17%


 
     
  TYPE OF REPORTING PERSON*  
12    

IN  
     

   

 
 

 

CUSIP NO. 125961 30 0 13G Page 3 of 5 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 H. Schwan

 

(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, No Par Value

 

(e)CUSIP Number

125961 30 0

 

ITEM 3

 

N/A

 

ITEM 4OWNERSHIP

 

(a)Amount Beneficially Owned

591,265

 

(b)Percent of Class

17%

  

 
 

 

CUSIP NO. 125961 30 0 13G Page 4 of 5 Pages

 

(c)Number of shares as to which such person has:

 

(i)sole power to vote or to direct the vote

591,265

 

(ii)shared power to vote or to direct the vote

 

 

(iii)sole power to dispose or to direct the disposition of

591,265

  

(iv)shared power to dispose or to direct the disposition of

 

 

 

ITEM 5OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

 

N/A

 

ITEM 6OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 

N/A

 

ITEM 7IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

 

N/A

 

ITEM 8IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

N/A

 

ITEM 9NOTICE OF DISSOLUTION OF GROUP.

 

N/A

 

ITEM 10CERTIFICATION.

 

N/A

 

 
 

 

CUSIP NO. 125961 30 0 13G Page 5 of 5 Pages

 

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 purpose of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement.

 

 

 

 

  February 10, 2014  
  Date  
     
     
  /s/ John H. Schwan