The following persons own Curtis Corporation, a foreign corporation:

Clarence, U.S. individual	35%
John, U.S. individual	15%
Henry, U.S. individual	8%
James, U.S. individual	12%
Carl, non-U.S. individual	30%

None of the shareholders are related to each other. Subpart F Income for the tax year is $400,000. No distributions are made. Which of the following statements is correct?

		John is not a United States shareholder for purposes of determining whether Curtis Corporation is a Controlled Foreign Corporation (CFC).
		Carl is not a United States shareholder for purposes of determining whether Curtis Corporation is a Controlled Foreign Corporation (CFC).
		Henry is a United States shareholder for purposes of determining whether Curtis Corporation is a Controlled Foreign Corporation (CFC).
		Curtis Corporation is not a Controlled Foreign Corporation (CFC).