Filing Details
- Accession Number:
- 0001437749-19-018765
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-09-19 18:14:46
- Reporting Period:
- 2019-09-17
- Accepted Time:
- 2019-09-19 18:14:46
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
934648 | Speedway Motorsports Llc | TRK | Services-Racing, Including Track Operation (7948) | 510363307 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1170912 | G Marcus Smith | 5555 Concord Parkway South Concord NC 28027 | Chief Executive Officer | 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 | 266,448 | $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
- 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 and executive officer, 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.
- 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.