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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
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[_] Check this box ----------------------------
if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
to Section 16. Form 4 Expires: PENDING
or Form 5 obligations Estimated average burden
may continue. See Filed pursuant to Section 16(a) of the Securities Exchange hours per response.......0.5
Instruction 1(b). Act of 1934, Section 17(a) of the Public Utility Holding ----------------------------
Company Act of 1935 or Section 30(f) of the
(Print or Type Responses) Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Income Opportunity Fund I LLC
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(Last) (First) (Middle)
c/o Millennium Partners, 1995 Broadway
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(Street)
New York NY 10023
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Corrections Corporation of America (CXW)
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
December 2001/ January 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [x] 10% Owner
[_] Officer (give title below) [x] Other (1)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[x] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. 2. 3. 4. 5. 6. 7.
Title of Security Trans- Trans- Securities Acquired (A) Amount of Owner- Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
Instr. 8) Owned at End Direct Owner-
(Month/ ___________________________________ of Month (D) or ship
Day/ Indirect (Instr. 4)
Year) (A)or (Instr. 3 (I)
Code V Amount (D) Price and 4) (Instr.4)
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Common stock, par value
$.01 per share 12/31/01 J(2) 7,448 (A) $18.56 (2) 11,205 D (3)
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Common stock, par value
$.01 per share 12/31/01 J(2) 6,287 (A) $18.56 (2) 6,287 I (4)(9) (4)(9)
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Common stock, par value
$.01 per share 1/8/02 C 46,847 (A) 46,847 (5) (5)(9)
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Common stock, par value
$.01 per share 1/8/02 C 46,847 (A) 46,847 (6) (6)(9)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
(Over)
SEC 1474 (3-99)
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Trans- Number of Date Exer- Title and Amount Price Number Owner- Nature
Derivative sion action action Derivative cisable and of Underlying of of ship of
Security or Date Code Securities Expiration Securities Deriv- Deriv- Form In-
(Instr. 3) Exer- (Instr. Acquired (A) Date (Instr. 3 and 4) ative ative of direct
cise (Month/ 8) or Disposed (Month/Day/ Secur- Secur- Deriv- Bene-
Price Day/ of(D) Year) ity ities ative ficial
of Year) (Instr. 3, (Instr. Bene- Secur- Owner-
Deriv- 4 and 5) 5) ficially ity: ship
ative ----------------------------------- Owned Direct (Instr.
Secur- at End (D) or 4)
ity Amount of In-
Date Expi- or Month direct
--------------------- Exer- ra- Number (Instr. (I)
cis- tion of 4) (Instr.
Code V (A) (D) able Date Title Shares 4)
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Common
10% convertible stock, par
subordinated notes value $.01
due 2008 (7) 1/8/02 C $557,231 1/1/01 12/31/08 per share 46,847 (8) (8) (8)(9)
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Common
10% convertible stock, par
subordinated notes value $.01
due 2008 (7) 1/8/02 C $557,230 1/1/01 12/31/08 per share 46,847 (8) (8) 8)(9)
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Explanation of Responses:
(1) The reporting persons are members of a Section 13(d) group that owns more
than 10% of the issuer's outstanding common stock, par value $.01 per share
("Common Stock").
(2) These shares were received by the reporting person in a settlement of a
series of class action and derivative lawsuits brought against the issuer by
stockholders of the issuer and its predecessors. The closing price of the Common
Stock as reported on the New York Stock Exchange on December 31, 2001 was
$18.56.
(3) These securities are directly owned by Christopher M. Jeffries.
(4) These securities are directly owned by MDP Ventures II LLC ("MDP Ventures").
Mr. Jeffries has an indirect beneficial interest in these securities in his
capacity as the holder of a majority of the limited liability company interests
of Millennium Development Partners II LLC, the managing member of MDP Ventures.
(5) These securities are directly owned by Income Opportunity Fund I LLC
("IOF"). Millennium Development Partners V LLC ("MDP V") has an indirect
beneficial interest in these securities in its capacity as managing member of
IOF. Mr. Jeffries has an indirect beneficial interest in these securities in his
capacity as the controlling member of MDP V.
(6) These securities are directly owned by Millennium Holdings III LLC ("MH
III"). Mr. Jeffries has an indirect beneficial interest in these securities in
his capacity as the controlling member of MH III.
(7) 84.07247 shares of Common Stock per $1,000 principal amount of 10%
convertible subordinated notes due 2008 ("Notes")
(8) (A) $15,000,000 principal amount of Notes (convertible into 1,261,087 shares
of Common Stock) directly owned by IOF. MDP V has an indirect beneficial
interest in these securities in its capacity as managing member of IOF. Mr.
Jeffries has an indirect beneficial interest in these securities in his capacity
as the controlling member of MDP V. (B) $15,000,000 principal amount of Notes
(convertible into 1,261,087 shares of Common Stock) directly owned by Millennium
Holdings III LLC ("MH III"). Mr. Jeffries has an indirect beneficial interest in
these securities in his capacity as the controlling member of MH III. (C)
$10,000,000 principal amount of Notes (convertible into 840,724 shares of Common
Stock) directly owned by Millennium Holdings II LLC ("MH II"). Mr. Jeffries has
an indirect beneficial interest in these securities in his capacity as the
controlling member of MH II.
(9) The reporting persons disclaim beneficial ownership in the securities of the
issuer except to the extent of their pecuniary interest, if any, therein.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
INCOME OPPORTUNITY FUND I LLC
By: MILLENNIUM DEVELOPMENT PARTNERS V LLC, its
managing member
By: /s/ Steven L. Hoffman
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Name: Steven L. Hoffman
Title: Vice President
Date: February 4, 2002
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CONTINUATION SHEET RELATING TO JOINT FORM 4
FILED BY INCOME OPPORTUNITY FUND I LLC
JOINT FILER INFORMATION
DESIGNATED FILER: Income Opportunity Fund I LLC
ISSUER & TICKLER SYMBOL: Corrections Corporation of America (CXW)
STATEMENT FOR MONTH/YEAR: December 2001, January 2002
OTHER REPORTING PERSONS:
1. Millennium Development Partners V LLC
c/o Millennium Partners
1995 Broadway
New York, NY 10023
By: /s/ Steven L. Hoffman
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Name: Steven L. Hoffman
Title: Vice President
2. Millennium Holdings II LLC
c/o Millennium Partners
1995 Broadway
New York, NY 10023
By: /s/ Steven L. Hoffman
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Name: Steven L. Hoffman
Title: Vice President
3. Millennium Holdings III LLC
c/o Millennium Partners
1995 Broadway
New York, NY 10023
By: /s/ Steven L. Hoffman
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Name: Steven L. Hoffman
Title: Vice President
4. Christopher M. Jeffries
c/o Millennium Partners
1995 Broadway
New York, NY 10023
/s/ Christopher M. Jeffries
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