SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Cornell Correction, Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
219141 10 8
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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).
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CUSIP NO. 219141 10 8 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David M. Cornell, S.S.No. ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Not applicable (a)[ ]
(b)[ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
5 SOLE VOTING POWER
NUMBER OF 704,399 (1)
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH
615,734
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
704,399 (1)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 10.2%
TYPE OF REPORTING PERSON*
12 IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Includes 88,665 shares of the common stock, par value $.001 per share, of
Cornell Corrections, Inc. (the "Common Stock") over which Jane B. Cornell, the
former wife of David M. Cornell, has sole dispositive power and, pursuant to a
voting agreement, over which Mr. Cornell has sole voting power. Also includes
126,124 outstanding options to purchase shares of Common Stock; such options
represent shares that may be acquired within 60 days after the date hereof.
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ITEM 1.
Item 1(a) NAME OF ISSUER: Cornell Corrections, Inc.
Item 1(b) ADDRESS OF ISSUER'S 4801 Woodway, Suite 400W
PRINCIPAL EXECUTIVE OFFICES: Houston, Texas 77056
ITEM 2.
Item 2(a) NAME OF PERSON FILING: David M. Cornell
Item 2(b) ADDRESS OF PRINCIPAL 4801 Woodway, Suite 400W
BUSINESS OFFICE: Houston, Texas 77056
Item 2(c) CITIZENSHIP: U.S.
Item 2(d) TITLE OF CLASS OF SECURITIES: Common Stock
Item 2(e) CUSIP NUMBER: 219141 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15
of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section
3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8
of the Investment Company Act
(e) [ ] Investment Adviser registered under section
203 of the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.
240.13d-1(b)(1)(ii)(H)
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 704,399 (1)
(b) Percent of Class: Approximately 10.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
704,399 (1)
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 615,734
(iv) Shared power to dispose or to direct the
disposition: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
(1) Includes 88,665 shares of the common stock, par value $.001 per share, of
Cornell Corrections, Inc. (the "Common Stock") over which Jane B. Cornell, the
former wife of David M. Cornell, has sole dispositive power and, pursuant to a
voting agreement, over which Mr. Cornell has sole voting power. Also includes
126,124 outstanding options to purchase shares of Common Stock; such options
represent shares that may be acquired within 60 days after the date hereof.
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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.
Dated: February 10, 1997
/s/ DAVID M. CORNELL
David M. Cornell
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