Filing Details

Accession Number:
0001437749-19-018761
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-09-19 18:12:03
Reporting Period:
2019-09-17
Accepted Time:
2019-09-19 18:12:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
934648 Speedway Motorsports Llc TRK () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
931255 Bruton O Smith 5555 Concord Parkway South
Concord NC 28027
Executive Chairman Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2019-09-17 11,376 $19.75 0 No 4 D Direct
Common Stock Disposition 2019-09-17 5,300,000 $0.00 0 No 4 S Indirect See Footnote 1.
Common Stock Acquisiton 2019-09-17 5,300,000 $0.00 29,000,000 No 4 P Indirect See Footnote 1.
Common Stock Disposition 2019-09-17 29,000,000 $0.00 0 No 4 D Indirect See Footnote 2.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 D Direct
No 4 S Indirect See Footnote 1.
No 4 P Indirect See Footnote 1.
No 4 D Indirect See Footnote 2.
Footnotes
  1. The reported securities were held by OBS Holdings, LLC ("Holdings"), a North Carolina limited liability company of which Mr. Smith was a member and manager. Mr. Smith contributed all of his interest in Holdings to Sonic Financial Corporation ("SFC"), a North Carolina corporation of which Mr. Smith is a stockholder, officer and director, for additional shares of SFC. Accordingly, Mr. Smith may be deemed the indirect beneficial owner of the reported securities owned by either SFC or Holdings. Subsequently, Holdings merged with and into SFC. No consideration was payable to Mr. Smith upon consummation of the merger of Holdings with and into SFC. Mr. Smith disclaims beneficial ownership of the Speedway Motorsports, Inc. common stock held by Holdings, except to the extent of his pecuniary interest therein.
  2. The reported securities were held by SFC and were cancelled for no consideration upon the consummation of the merger of a wholly-owned subsidiary of SFC with and into Speedway Motorsports, Inc. Mr. Smith disclaims beneficial ownership of the Speedway Motorsports, Inc. common stock held by SFC, except to the extent of his pecuniary interest therein.