UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

  

Under the Securities Exchange Act of 1934
(Amendment No. 11)*
 
CTI Industries Corporation
(Name of Issuer)
 
Common Stock, No Par Value
(Title of Class of Securities)
 
125961 30 0
(CUSIP Number)

 

January 30, 2012
(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)
     
  S Rule 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

 

 
  NAME OF REPORTING PERSON 
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   
  John H. Schwan
 
 
   
  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   583,265
     
SHARES     
    SHARED VOTING POWER 
BENEFICIALLY  6
     
OWNED BY  
     
EACH   SOLE DISPOSITIVE POWER 
   7  
REPORTING   583,265 
 
PERSON  
    SHARED DISPOSITIVE POWER 
WITH  8  
     

 

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
9  
  583,265
   
 
   
  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10  
   
 
 
 
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11  
  18.1%
 
 
 
  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 4 OWNERSHIP

 

(a)    Amount Beneficially Owned

583,265

 

(b)    Percent of Class

18.1%

 

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

 

 
 

 

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

 

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

583,265

 

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

 

 

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

583,265

 

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

 

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

 

N/A

 

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

 

 
 
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.

 

  January 30, 2012
  Date
   
  /s/John H. Schwan