SC 13G 1 v355157_sc13g.htm SC 13G

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

COMPETITIVE TECHNOLOGIES, INC.

 

Common Stock, par value $0.01

 

CUSIP # 204512107

 

September 16, 2013

 

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 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).

 

 
 

 

CUSIP No. 204512107   13G Page 1 of 4

 

1.Name of Reporting Person ASC Recap LLC

 

I.R.S. Identification No. of Above Person (entities only) 46-0886068

 

2. Check the Appropriate Box if a Member of a Group   (a) ¨
      (b) x

 

3.SEC Use Only

 

4.Citizenship or Place of Organization Connecticut

 

Number of Shares
Owned by Each
Reporting Person
With		 5. Sole Voting Power 1,618,235
     
6. Shared Voting Power 1,618,235
     
7. Sole Dispositive Power 1,618,235
     
8. Shared Dispositive Power 1,618,235

 

9.Aggregate Amount Beneficially Owned by Each Reporting Person         1,618,235

 

10.Check if the Aggregate Amount in Row 9 Excludes Certain Shares      £

 

11.Percent of Class Represented by Amount in Row 9 9.9%

 

12.Type of Reporting Person  PN

 

 
 

 

CUSIP No. 204512107   13G Page 2 of 4

 

ITEM 1 (a) NAME OF ISSUER    COMPETITIVE TECHNOLOGIES, INC.

 

(b)      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 1375 Kings Highway East, Suite 400, Fairfield CT, 06824

 

ITEM 2 (a)    NAME OF PERSON FILING    ASC Recap LLC

 

(b)ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

 

90 Grove Street, Ridgefield CT 06877

 

(c)CITIZENSHIP

 

United States of America

 

(d)TITLE OF CLASS OF SECURITIES

 

Common Stock, Par Value $0.01

 

(e)CUSIP NUMBER

 

204512107

 

ITEM 3              If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), 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 of 1940
(e)¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f)¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F)
(g)¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)

 

 
 

 

 

CUSIP No.  204512107 13G Page 3 of 4

 

(h)¨ A savings association as defined in section 3(b) of the Federal Deposit Insurance Act
(i)¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940
(j)¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(J)

 

If this statement is filed pursuant to Rule 13d-1(c), check this box £

 

ITEM 4OWNERSHIP

 

(a)          Amount beneficially owned: Reporting Person is the beneficial owner of 1,618,235 shares of common stock.

 

(b)Percent of class: 9.9%

 

(c)Number of shares as to which the person has:

 

(i) Sole power to vote or to direct the vote: 1,618,235

 

(ii) Shared power to vote or to direct the vote: 1,618,235

 

(iii) Sole power to dispose or to direct the disposition of: 1,618,235

 

(iv) Shared power to dispose or to direct the disposition of: 1,618,235

 

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 person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following £

 

ITEM 6              OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

N/A

 

ITEM 7              IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

 

N/A

 

 
 

 

CUSIP No.  204512107 13G Page 4 of 4

 

ITEM 8IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

N/A

 

ITEM 9NOTICE OF DISSOLUTION OF GROUP

 

N/A

 

ITEM 10CERTIFICATION

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired are not being 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 having that purpose or effect.

 

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.

 

  ASC Recap LLC
   
  Stephen Hicks
   
  By:  Stephen Hicks
   
  Its:  President
   
  Date:  September 27, 2013