UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Corrections Corporation of America
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
2205Y407
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(CUSIP Number)
May 7, 2003
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(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)
|X| 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 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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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Christopher M. Jeffries
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
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8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%(1)
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12 Type of Reporting Person (See Instructions)
IN
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1 The aggregate percentage of shares of Common Stock reported as
beneficially owned by the Reporting Persons is based upon 28,103,000 shares
of Common Stock outstanding as disclosed in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2002 that was filed by the
Company on March 28, 2003.
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Brian J. Collins
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
NUMBER OF 36 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
36 (See Item 4 below)
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8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
36 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
IN
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Steven L. Hoffman
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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5 Sole Voting Power
NUMBER OF 14 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
14 (See Item 4 below)
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8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
14 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
IN
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Income Opportunity Fund I LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
MDP Ventures II LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Millennium Development Partners II LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Millennium Development Partners V LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Millennium Holdings II LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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1 Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Millennium Holdings III LLC
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Check the Appropriate Box if a Member of a Group (See
2 Instructions) (a) |_|
(b) |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
NUMBER OF 0 (See Item 4 below)
SHARES ----------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY EACH 0
REPORTING ----------------------------------------------------
PERSON WITH: 7 Sole Dispositive Power
0 (See Item 4 below)
----------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11 Percent of Class Represented by Amount in Row (9)
0.0%
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12 Type of Reporting Person (See Instructions)
OO
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Item 1(a). Name of Issuer
Corrections Corporation of America (formerly known as Prison Realty Trust,
Inc. and Prison Realty Corporation) (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices
10 Burton Hills Boulevard
Nashville, Tennessee 37215
Item 2(a). Name of Persons Filing
Christopher M. Jeffries
Brian J. Collins
Steven L. Hoffman
Income Opportunity Fund I LLC ("IOF")
MDP Ventures II LLC ("MDP Ventures")
Millennium Development Partners II LLC ("MDP II")
Millennium Development Partners V LLC ("MDP V")
Millennium Holdings II LLC ("MH II")
Millennium Holdings III LLC ("MH III", and collectively with Mr. Jeffries,
Mr. Collins, Mr. Hoffman, IOF, MDP Ventures, MDP II, MDP V and
MH II, the "Reporting Persons")
Item 2(b). Address of Principal Business Office or, if none, Residence
The address of the principal place of business of each of the Reporting
Persons is:
c/o Millennium Partners
1995 Broadway
New York, New York 10023
Item 2(c). Citizenship
Mr. Jeffries is a citizen of the United States.
Mr. Collins is a citizen of the United States.
Mr. Hoffman is a citizen of the United States.
IOF is a New York limited liability company.
MDP Ventures is a New York limited liability company.
MDP II is a New York limited liability company.
MDP V is a New York limited liability company.
MH II is a New York limited liability company.
MH III is a New York limited liability company.
Item 2(d). Title of Class of Securities
Common stock, par value $0.01 per share ("Common Stock")
Item 2(e). CUSIP Number
2205Y407
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
Not applicable. This statement is filed pursuant to Rule 13d-1(c).
Item 4. Ownership
The aggregate percentage of shares of Common Stock reported as
beneficially owned by the Reporting Persons is based upon 28,103,000 shares of
Common Stock outstanding as disclosed in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2002 that was filed by the Company
on March 28, 2003.
An aggregate of 36 shares of Common Stock are held in trust for the
children of Mr. Collins. As trustee of the trusts for his children, Mr. Collins
may be deemed to be the beneficial owner of and to have sole indirect power to
vote and dispose of such 36 shares, which represent less than 0.1% of the
outstanding shares of Common Stock.
Mr. Hoffman holds of record and thereby beneficially owns and has the sole
direct power to vote and dispose of 14 shares of Common Stock, which represent
less than 0.1% of the outstanding shares of Common Stock.
On May 7, 2003, the following transactions were effected: (1) IOF
converted $15,000,000 aggregate principal amount of 10.0% convertible
subordinated notes due December 31, 2008 of the Company (the "Notes") into
1,261,087 shares of Common Stock which IOF sold to the Company; (2) MH II
converted $10,000,000 aggregate principal amount of the Notes into 840,724
shares of Common Stock which MH II sold to the Company; and (3) MH III converted
$15,000,000 aggregate principal amount of the Notes into 1,261,087 shares of
Common Stock which MH III sold to the Company.
On February 11, 2002, MDP Ventures disposed of 6,287 shares of Common
Stock on the open market. On May 6, 2003, MDP Ventures disposed of 22,300 shares
of Common Stock on the open market.
By virtue of the relationship described in Item 8 of this Schedule, each
of the Reporting Persons may be deemed to beneficially own all of the shares of
Common Stock directly owned by the other Reporting Persons. Accordingly, each of
the Reporting Persons may be deemed to beneficially own 50 shares of Common
Stock in the aggregate, which represent approximately 0.0% of the outstanding
shares of Common Stock.
Each of the Reporting Persons disclaims beneficial ownership in the
securities of the Company except to the extent of its record ownership, if any,
therein.
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 Persons have ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X]
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
The Reporting Persons may be deemed to be a "group" for the purposes of
Section 13(g) of the Act and the rules thereunder, although each expressly
disclaims any assertion or presumption that it or the other persons on whose
behalf this statement is filed constitute a "group." The filing of this
statement should not be construed to be an admission that any of the Reporting
Persons is a member of a "group" consisting of one or more of such persons.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below, each of the undersigned certifies that, to the best of
his or its knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a participant
in any transaction which could have that purpose or effect.
Exhibits:
A. Joint Filing Agreement, dated as of February 20, 2003, among
Christopher M. Jeffries, Brian J. Collins, Steven L. Hoffman, Income
Opportunity Fund I LLC, MDP Ventures II LLC, Millennium Development
Partners II LLC, Millenium Development Partners V LLC, Millennium
Holdings II LLC, and Millenium Holdings III LLC.*
B. Identification of Members of the Group
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* Previously filed.
SIGNATURE
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 12, 2003
/s/ Christopher M. Jeffries
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CHRISTOPHER M. JEFFRIES
/s/ Brian J. Collins
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BRIAN J. COLLINS
/s/ Steven L. Hoffman
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STEVEN L. HOFFMAN
INCOME OPPORTUNITY FUND I LLC
By: MILLENNIUM DEVELOPMENT
PARTNERS V, its managing member
By: /s/ Steven L. Hoffman
--------------------------
Name: Steven L. Hoffman
Title: Vice President
MDP VENTURES II LLC
By: /s/ Steven L. Hoffman
-------------------------------
Name: Steven L. Hoffman
Title: Vice President
MILLENNIUM DEVELOPMENT PARTNERS II LLC
By: /s/ Steven L. Hoffman
-------------------------------
Name: Steven L. Hoffman
Title: Vice President
MILLENNIUM DEVELOPMENT PARTNERS V LLC
By: /s/ Steven L. Hoffman
-------------------------------
Name: Steven L. Hoffman
Title: Vice President
MILLENNIUM HOLDINGS II LLC
By: /s/ Steven L. Hoffman
-------------------------------
Name: Steven L. Hoffman
Title: Vice President
MILLENNIUM HOLDINGS III LLC
By: /s/ Steven L. Hoffman
-------------------------------
Name: Steven L. Hoffman
Title: Vice President
Exhibit B
Identification of Members of the Group
Pursuant to Item 8 above, the following sets forth the identity of each
member of the group that has filed this Schedule 13G:
(i) Christopher M. Jeffries,
(ii) Brian J. Collins,
(iii) Steven L. Hoffman,
(iv) Income Opportunity Fund I LLC,
(v) MDP Ventures II LLC,
(vi) Millennium Development Partners II LLC,
(vii) Millennium Development Partners V LLC,
(viii) Millennium Holdings II LLC, and
(viv) Millennium Holdings III LLC.
Information about each such member is set forth in the Schedule 13G
above.