UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940
[ ] Check 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*
Sabin John M.
--------------------------------------------------------------------------
(Last) (First) (Middle)
14709 Lancraft Court
--------------------------------------------------------------------------
(Street)
Darnestown, MD 20874
---------------------------------------------------------------------------
(City) (State) (Zip)
___________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Competitive Technologies, Inc. (CTT)
___________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
___________________________________________________________________________
4. Statement for Month/Day/Year
January 2, 2003
___________________________________________________________________________
5. If Amendment, Date of Original (Month/Day/Year)
___________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[x] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
-----------------------------------------------
7. 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 |2. |2A. |3.Trans- |4.Securities |5.Amount of |6.Owner- |7.Nature of |
| of Security |Trans- |Deemed | action | Acquired (A) | Securities | ship | Indirect |
| (Instr. 3) |action |Execu- | Code | (or Disposed of (d) | Beneficially | Form: | Beneficial |
| |Date |tion |(Instr.8)| (Instr. 3,4 and 5) | Owned | Direct | Owner- |
| | |if, any| | | Following | (D) or | ship |
| |(Month/ | +----+----+--------+-----+--------| Reported | Indirect(I)| |
| |Day/ |(Month/|Code| V |Amount |(A) |Price | Transaction(s)| (Instr. 4) | (Instr. 4) |
| |Year) |Day/ | | | | or | | (Instr. 3 and | | |
| | |Year) | | | |(D) | | 4) | | |
+----------------------+---------+-------+----+----+--------+-----+--------+----------------+------------+---------------------+
Common Stock 1/2/03 A 2,500 A (1) 9,526 D
200 I Spouse
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)
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
+-----------+-------+------+-------+---------+------------+----------------+----------------+-------|---------+---------+---------+
|1. |2. |3. | 3A. |4. |5 |6. |7. |8. |9.Number |10. |11. |
| | | | | | | | | |of Deriv-| | |
| | | | | | | | | |ative | | |
| |Conver-| | | | | | | |Secur- |Owner- | |
| |sion | | | |Number of | |Title and Amount| |ities |ship | |
| |or | | | |Derivative |Date Exer- |of Underlying | |Bene- |Form of | |
| |Exer- | |Deemed | |Securities |cisable and |Securities |Price |fically |Deriv- |Nature |
| |cise | |Execu- | |Acquired (A)|Expiration |(Instr.3 and 4) |of |Owned |ative |of |
| |Price |Trans-|tion |Trans- |or Disposed |Date (Month/ +--------+-------+Deriva-|Follow- |Security:|Indirect |
| |of |action|Date, |action |of (D) |Day/Year) | |Amount |tive |ing |Direct |Benefi- |
|Title of |Deri- |Date |if any |Code |(Instr. 3, 4|--------+-------| |or |Secur- |Reported |(D) or |cial |
|Derivative |vative |Month/|(Month/|(Instr.8)| and 5) |Date |Expira-| |Number |ity |Trans- |Indirect |Owner- |
|Security |Secur- |Day/ |Day/ +-----+---+------+-----+Exercis-|tion | |of |(Instr.|action(s)|(I) |ship |
|(Instr. 3) |ity |Year) |Year) |Code | V | (A) | (D) |able |Date |Title |Shares | 5) |(Instr.4)|(Instr.4)|(Instr.4)|
+-----------+-------+------+-------+-----+---+------+-----+--------+-------+--------+-------+-------+------- -+---------+---------+
Right to buy $2.14 1/2/03 A 10,000 1/2/03 1/2/13 Common 10,000 40,000 D
Stock
Explanation of Responses:
(1) Common stock acquired in connection with the 1996 Directors' Stock
Participation Plan
/s/ Frank R. McPike, Jr. January 3, 2003
--------------------------------- --------------
Attorney in Fact for John M. Sabin Date
** Signature of Reporting Person
** 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.