SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Corrections Corporation of America
(Name of Issuer)
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8.0% Series A Cumulative Preferred Stock, par value $.01 per share
(Title of Class of Securities)
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22025Y209
(CUSIP Number)
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Parker W. Duncan, Esq.
Wyatt, Tarrant & Combs, LLP
2525 West End Avenue
Suite 1500
Nashville, Tennessee 37203
(615-244-0020)
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July 10, 2001
(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 that is the subject of this Schedule 13D, and is filing this
Schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check
the following box [ ]
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CUSIP No. 22025Y209 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Jacob May
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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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 299,000
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 299,000
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
299,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.0%
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14 TYPE OF REPORTING PERSON
IN
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ITEM 1. SECURITY AND ISSUER
(a) Issuer: Corrections Corporation of America
(b) Address of Issuer's Principal Office: 10 Burton Hills Boulevard
Nashville, Tennessee 37215
(c) This statement relates to shares of the 8.0% Series A Cumulative
Preferred Stock of the Issuer (the "Series A Preferred Stock").
ITEM 2. IDENTITY AND BACKGROUND
(a) Name of person filing this statement: Jacob May
(b) Residence or business address 1900 Church Street, Suite 400
of the reporting person: Nashville, Tennessee 37203
(c) Present principal occupation of the
reporting person: Investor
(d) During the last 5 years, the reporting person has not been
convicted in a criminal proceeding (excluding minor traffic
violations or similar misdemeanors).
(e) During the last 5 years, the reporting person has not been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction that resulted in the reporting person having
been or currently being subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation
with respect to such laws.
(f) Citizenship: United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The reporting person has used $2,980,022.12 of personal funds to purchase
the Series A Preferred Stock that is the subject of this statement.
ITEM 4. PURPOSE OF TRANSACTION
The reporting person has purchased shares of Series A Preferred Stock for
investment purposes only. The reporting person may, for investment purposes
only, from time to time purchase or sell shares of Series A Preferred Stock or
other shares of stock of the Issuer in the open market or in privately
negotiated transactions depending upon, among other things, market conditions,
the
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market value of the Series A Preferred Stock or of such other stock, and the
availability of shares thereof for sale or purchase, the reporting person's
liquidity and availability of funds or other similar factors.
Except as described above, the reporting person does not presently have any
plans or proposals which relate to or would result in (i) the acquisition by any
person of additional securities of the Issuer, or the disposition of securities
of the Issuer, (ii) an extraordinary corporate transaction involving the Issuer
or any of its subsidiaries, (iii) the sale or transfer of a material amount of
assets of the Issuer or any of its subsidiaries, (iv) a change in the present
board of directors or management of the Issuer, including any plans or proposals
with respect to a change to the number or term of directors or to fill any
existing vacancy on the board of directors, (v) a material change in the present
capitalization or dividend policy of the Issuer, (vi) any other material change
in the Issuer's business or corporate structure, (vii) a change in the Issuer's
charter or bylaws or other actions which may impede the acquisition of control
of the Issuer by any person, (viii) a class of securities of the Issuer being
delisted from a national securities exchange or cease being authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association, (ix) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Act, or (x)
any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a-b) The reporting person beneficially owns, and has sole voting and
dispositive power with respect to, 299,000 shares of Series A
Preferred Stock of the Issuer. The 299,000 shares of Series A
Preferred Stock beneficially owned by the reporting person represents
7.0% of the total 4,300,000 shares of Series A Preferred Stock of the
Issuer outstanding, as reported in the Issuer's Report on Form 10-Q
for the quarter ended March 31, 2001 as filed with the Securities
Exchange Commission on May 15, 2001 (Commission No. 0-25245).
(c) There have been no transactions by the reporting person in the
Series A Preferred Stock of the Issuer effected within the past 60
days of the date of the filing of this statement, except for the
following purchases of shares of Series A Preferred Stock by the
reporting person (all of which were effected in broker transactions),
which were effected on the date and at the price (excluding brokers
commissions) shown in the following table:
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Date Purchased Number of Shares Per Share Price
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07/10/01 5,000 $16.7500
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07/10/01 5,000 $16.7500
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07/10/01 2,000 $16.7000
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07/10/01 1,400 $16.2500
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07/10/01 1,000 $16.6000
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07/10/01 500 $16.4000
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07/10/01 500 $16.5500
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07/11/01 400 $16.6000
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07/12/01 5,500 $16.8800
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07/12/01 5,000 $17.1000
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07/12/01 3,000 $17.0000
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07/12/01 2,400 $16.8958
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07/13/01 5,000 $17.7500
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07/13/01 3,300 $17.2000
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07/13/01 2,000 $17.1000
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07/13/01 2,000 $17.7500
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07/13/01 1,500 $17.4800
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07/13/01 1,500 $17.5000
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07/13/01 1,500 $17.7500
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07/13/01 500 $17.2000
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07/13/01 100 $17.0000
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07/16/01 9,000 $17.6500
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07/17/01 4,700 $17.7000
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07/17/01 4,300 $17.5930
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07/17/01 2,000 $17.5500
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07/18/01 8,000 $17.5000
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07/23/01 9,000 $17.0000
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(d) Not applicable.
(e) Not applicable.
ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7: MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
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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.
Date: AUG _1_, 2001 By: /S/ JACOB MAY
Jacob May, Reporting Person