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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ---) *:
COMPETITIVE TECHNOLOGIES INC.
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(Name of Issuer)
COMMON, $.01 par value
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(Title of Class of Securities)
204512107
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(CUSIP Number)
Richard D. Corley Copy to: Brent H. Gwillim
1101 Main Street Heyl Royster Voelker & Allen
Peoria, Illinois 61606 124 S.W. Adams, Suite 600
Peoria, Illinois 61602
(309) 676-0400
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(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 1, 1999
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(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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f), or (g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are being 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
disclosures provided in a prior cover page.
The information required on 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).
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SCHEDULE 13D
CUSIP NO. 204512107 PAGE 2 OF 4 PAGES
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard D. Corley ###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *:
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS *:
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF 302,710
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING -----------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
302,710
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10. SHARED DISPOSITIVE POWER
-0-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
302,710
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES *: [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0% (1)*:
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14. TYPE OF REPORTING PERSON *:
IN
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(1) Percentage is based upon 6,012,000 shares of common stock outstanding as of
November 30, 1999.
*: SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 204512107 PAGE 3 OF 4 PAGES
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ITEM 1. SECURITY AND ISSUER:
This Schedule 13D relates to the common stock, $.01 par value, of
Competitive Technologies Inc., a Delaware corporation. The address of the
principal executive offices of Competitive Technologies Inc. is 1960 Bronson
Road, Fairfield, Connecticut, 06430.
ITEM 2. IDENTITY AND BACKGROUND:
(a) Name: Richard D. Corley
(b) Business address: 1101 Main Street, Peoria, Illinois, 61606.
(c) Present principal occupation and name, principal business and address
of any corporations or partnership in which such employment is conducted:
Physician, practicing as an individual (sole proprietor)
(d) Richard D. Corley has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Richard D. Corley has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person has been or is subject to any
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws of finding
any violation with respect to such laws.
(f) Citizenship: United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
Richard D. Corley obtained 302,710 of the shares of Competitive Technologies
Inc. stock with personal funds.
ITEM 4. PURPOSE OF TRANSACTION:
Richard D. Corley purchased the shares of Competitive Technologies Inc.
common stock reported hereby as a part of his personal investment portfolio.
Richard D. Corley has no present plans or intentions that relate to or that
would result in any of the transactions described in clauses (a) through (j) of
Item 4 of Schedule 13D.
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CUSIP NO. 204512107 PAGE 4 OF 4 PAGES
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER:
(a) Richard D. Corley beneficially owns 302,710 shares of Competitive
Technologies Inc. common stock, representing 5.0% of the 6,012,000 shares of
Competitive Technologies Inc. common stock outstanding at November 30, 1999.
(b) Sole voting power: 302,710
Shared voting power: 0
Sole dispositive power: 302,710
Shared dispositive power: 0
(c) During the past sixty days, Richard D. Corley has not effected any
transaction in the common stock of Competitive Technologies Inc. except for the
December 1, 1999 transaction in which he purchased 8,210 common shares of
Competitive Technologies Inc. at $5.75 per share. The transaction was effected
by Morgan Stanley Dean Witter on the open market.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER:
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
None
SIGNATURES
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.
Dated December 8, 1999
/s/ Richard D. Corley
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Richard D. Corley
