Yunhong Green CTI (YHGJ) Form 4/A CTI INDUSTRIES / Jeffrey S Hyland ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hyland Jeffrey S

(Last) (First) (Middle)

22160 NORTH PEPPER ROAD

(Street)

BARRINGTON IL 60010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CTI INDUSTRIES CORP [ CTIB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/01/2017

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	12/01/2017		A		5,000		12/01/2017	12/01/2022	Common Stock	5,000	$0	5,000	D
Restricted Stock Units	$0(1)	12/01/2017		A		5,000		12/01/2018	12/01/2022	Common Stock	5,000	$0	10,000	D
Restricted Stock Units	$0(1)	12/01/2017		A		5,000		12/01/2019	12/01/2022	Common Stock	5,000	$0	15,000	D
Restricted Stock Units	$0(1)	12/01/2017		A		5,000		12/01/2020	12/01/2022	Common Stock	5,000	$0	20,000	D
Restricted Stock Units	$0(1)	12/01/2017		A		5,000		12/01/2021	12/01/2022	Common Stock	5,000	$0	25,000	D
Incentive Stock Options	$3.79	12/01/2017		A		10,834		05/01/2018	12/01/2022	Common Stock	10,834	$0	35,834	D
Incentive Stock Options	$3.79	12/01/2017		A		10,834		05/01/2019	12/01/2022	Common Stock	10,834	$0	46,668	D
Incentive Stock Options	$3.79	12/01/2017		A		10,834		05/01/2020	12/01/2022	Common Stock	10,834	$0	57,502	D
Incentive Stock Options	$3.79	12/01/2017		A		10,834		05/01/2021	12/01/2022	Common Stock	10,834	$0	68,336	D
Incentive Stock Options	$3.79	12/01/2017		A		10,834		05/01/2022	12/01/2022	Common Stock	10,834	$0	79,170	D
Incentive Stock Options	$3.79	12/01/2017		A		10,830		12/01/2022	12/01/2022	Common Stock	10,830	$0	90,000	D
Non-Qualified Options	$3.79	12/01/2017		A		43,342		05/01/2018	12/01/2022	Common Stock	43,342	$0	133,342	D
Non-Qualified Options	$3.79	12/01/2017		A		43,342		05/01/2019	12/01/2022	Common Stock	43,342	$0	176,684	D
Non-Qualified Options	$3.79	12/01/2017		A		43,342		05/01/2020	12/01/2022	Common Stock	43,342	$0	220,026	D
Non-Qualified Options	$3.79	12/01/2017		A		43,342		05/01/2021	12/01/2022	Common Stock	43,342	$0	263,368	D
Non-Qualified Options	$3.79	12/01/2017		A		43,342		05/01/2022	12/01/2022	Common Stock	43,342	$0	306,710	D
Non-Qualified Options	$3.79	12/01/2017		A		43,290		12/01/2022	12/01/2022	Common Stock	43,290	$0	350,000	D

Explanation of Responses:

1. The restricted stock units permit exercise upon vesting without payment.

	/s/ Gerald M. Miller, Attorney-in-Fact for Jeffrey S. Hyland	01/19/2018
	** Signature of Reporting Person	Date
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).
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