UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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)
November 2, 2000
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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).
CUSIP No. 2205Y407 SCHEDULE 13G Page 2 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Christopher M. Jeffries
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2 Check the Appropriate Box if a Member of a Group
(See 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 3,391,485 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 3,391,485 (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
3,391,485 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
10.8%
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12 Type of Reporting Person (See Instructions)
IN
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CUSIP No. 2205Y407 SCHEDULE 13G Page 3 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Brian J. Collins
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2 Check the Appropriate Box if a Member of a Group
(See 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 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 36 (See Item 4 below)
----------------------------------------------------------
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 |X|
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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CUSIP No. 2205Y407 SCHEDULE 13G Page 4 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Steven L. Hoffman
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2 Check the Appropriate Box if a Member of a Group
(See 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 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 14 (See Item 4 below)
----------------------------------------------------------
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 |X|
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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CUSIP No. 2205Y407 SCHEDULE 13G Page 5 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Income Opportunity Fund I LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 1,261,087 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 1,261,087 (See Item 4 below)
----------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,261,087 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
4.3%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 6 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
MDP Ventures II LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 28,587 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 28,587 (See Item 4 below)
----------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
28,587 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
0.1%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 7 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Millennium Development Partners II LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 28,587 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 28,587 (See Item 4 below)
----------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
28,587 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
0.1%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 8 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Millennium Development Partners V LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 1,261,087 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 1,261,087 (See Item 4 below)
----------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,261,087 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
4.3%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 9 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Millennium Holdings II LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 840,724 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 840,724 (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
840,724 (See Item 4 below)
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10 Check if the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
2.9%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 10 of 16
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1 Names of Reporting Persons.
I.R.S. Identification Nos. of above Persons (entities only).
Millennium Holdings III LLC
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2 Check the Appropriate Box if a Member of a Group
(See 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 1,261,087 (See Item 4 below)
SHARES ----------------------------------------------------------
BENEFICIALLY 6 Shared Voting Power
OWNED BY 0
EACH ----------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON WITH: 1,261,087 (See Item 4 below)
----------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,261,087 (See Item 4 below)
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10 Check Box If the Aggregate Amount in Row (9) Excludes |X|
Certain Shares (See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
4.3%
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12 Type of Reporting Person (See Instructions)
OO
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CUSIP No. 2205Y407 SCHEDULE 13G Page 11 of 16
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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.
CUSIP No. 2205Y407 SCHEDULE 13G Page 12 of 16
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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 beneficially
owned by the Reporting Persons is based upon 27,989,000 shares of Common Stock
outstanding as disclosed in the Company's Quarterly Report on Form 10-Q for the
quarter ended September 30, 2002 that was filed by the Company on November 13,
2002.
Certain shares of Common Stock reported in this Schedule 13G as
beneficially owned by the Reporting Persons are not yet issued but are issuable
upon the conversion of the $40,000,000 aggregate principal amount of 10.0%
convertible subordinated notes due December 31, 2008 of the Company (the
"Notes") held by IOF, MH II and MH III. The Notes were issued to MDP Ventures IV
LLC (an affiliate of the Reporting Persons) by the Company pursuant to a Note
Purchase Agreement, dated as of December 31, 1998. The Notes were subsequently
transferred by MDP Ventures IV LLC to IOF, MH II and MH III. The Notes may be
converted into shares of Common Stock at any time after January 1, 2001 and
prior to December 31, 2008 at the option of the holders at a current conversion
rate of 84.07247 shares of Common Stock per $1,000 principal amount of Notes
(the "Conversion Rate"). The Conversion Rate is subject to adjustment upon the
occurrence of certain future events.
IOF holds of record $15,000,000 aggregate principal amount of Notes and
may therefore be deemed to beneficially own the 1,261,087 shares of Common Stock
issuable upon the conversion of such Notes at the Conversion Rate (the "IOF
Reported Shares"), which represent approximately 4.3% of the outstanding shares
of Common Stock. IOF has sole direct power to vote and dispose of the IOF
Reported Shares.
MH II holds of record $10,000,000 aggregate principal amount of Notes
and may therefore be deemed to beneficially own the 840,724 shares of Common
Stock issuable upon the conversion of such Notes at the Conversion Rate (the "MH
II Reported Shares"), which represent approximately 2.9% of the outstanding
shares of Common Stock. MH II has sole direct voting and dispositive power over
the MH II Reported Shares.
MH III holds of record $15,000,000 aggregate principal amount of Notes
and may therefore be deemed to beneficially own the 1,261,087 shares of Common
Stock issuable upon
CUSIP No. 2205Y407 SCHEDULE 13G Page 13 of 16
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the conversion of such Notes at the Conversion Rate (the "MH III Reported
Shares"), which represent approximately 4.3% of the outstanding shares of Common
Stock. MH III has sole direct power to vote and dispose of the MH III Reported
Shares.
MDP Ventures holds of record and thereby beneficially owns and has the
sole direct power to vote and dispose of 28,587 shares of Common Stock (the "MDP
Ventures Reported Shares"), which represent approximately 0.1% of the
outstanding shares of Common Stock.
As the managing member of IOF, MDP V may be deemed to beneficially own
and to have sole indirect power to vote and dispose of the IOF Reported Shares.
As the managing member of MDP Ventures, MDP II may be deemed to
beneficially own and to have sole indirect power to vote and dispose of the MDP
Ventures Reported Shares.
As the controlling member of MDP V, MH II and MH III, and the holder of
a majority of the limited liability company interests of MDP II, Mr. Jeffries
may be deemed to beneficially own and to have sole indirect power to vote and
dispose of the IOF Reported Shares, the MH II Reported Shares, the MH III
Reported Shares and the MDP Ventures Reported Shares, respectively. Accordingly,
Mr. Jeffries may be deemed to beneficially own an aggregate of 3,391,485 shares
of Common Stock, which represent approximately 10.8% of the outstanding shares
of Common Stock.
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 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.
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 (or issuable pursuant to the conversion of Notes
directly owned) by the other Reporting Persons. Accordingly, each of the
Reporting Persons may be deemed to beneficially own 3,391,485 shares of Common
Stock in the aggregate, which represent approximately 10.8% 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
Not applicable.
CUSIP No. 2205Y407 SCHEDULE 13G Page 14 of 16
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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, Millennium Development Partners V LLC, Millennium
Holdings II LLC, and Millennium Holdings III LLC.
B. Identification of Members of the Group
CUSIP No. 2205Y407 SCHEDULE 13G Page 15 of 16
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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: February 20, 2003
/s/ Christopher M. Jeffries
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CHRISTOPHER M. JEFFRIES
/s/ Brian J. Collins
--------------------------------------
BRIAN J. COLLINS
/s/ Steven L. Hoffman
--------------------------------------
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
CUSIP No. 2205Y407 SCHEDULE 13G Page 16 of 16
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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 A
Joint Filing Agreement
This will confirm the agreement by and among the undersigned that the
Schedule 13G filed with the securities and Exchange Commission on or about the
date hereof with respect to the beneficial ownership of the undersigned of
shares of common stock, par value $0.01 per share, of Corrections Corporation of
America, a Maryland corporation, is being filed, and all amendments thereto will
be filed, on behalf of each of the persons and entities named below in
accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended. This agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
Dated: February 20, 2003
/s/ Christopher M. Jeffries
--------------------------------------
CHRISTOPHER M. JEFFRIES
/s/ Brian J. Collins
--------------------------------------
BRIAN J. COLLINS
/s/ Steven L. Hoffman
--------------------------------------
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
(ix) Millennium Holdings III LLC.
Information about each such member is set forth in the Schedule 13G above.