UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Dover Motorsports, Inc.
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(Name of Issuer)
$.10 Par Value Common Stock
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(Title of Class of Securities)
260174 10 7
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
Page 1 of 6
CUSIP No. 260174 10 7
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1. Names of Reporting Persons: Denis McGlynn
I.R.S. Identification Nos. of above persons (entities
only). Not required.
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) ..............................................
(b) ..............................................
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3. SEC Use Only
........................................................
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4. Citizenship or Place of Organization: United States
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Number of
Shares 5. Sole Voting Power: 888,891
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Beneficially 6. Shared Voting Power: 52,000
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Owned by Each Reporting 7. Sole Dispositive Power: 888,891
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Person With: 8. Shared Dispositive Power: 52,000
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person: 940,891
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions).......................
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11. Percent of Class Represented by Amount in Row (9): 5.6%
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12. Type of Reporting Person (See Instructions): IN
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Page 2 of 6
Item 1.
(a) Dover Motorsports, Inc.
(b) 1131 N. DuPont Highway, Dover, DE 19901
Item 2.
(a) Denis McGlynn
(b) 1131 N. DuPont Highway, Dover, DE 19901
(c) United States
(d) The class of equity security to which this Schedule 13G relates
is the Common Stock (the "Common Stock"), par value $.10 per
share, of Dover Motorsports, Inc., a Delaware corporation (the
"Company" or the "issuer"). The Common Stock is publicly traded.
The ownership reflected above includes both Common Stock and
Class A Common Stock. Class A Common Stock is not publicly
traded. Class A Common Stock entitles the holder to ten (10)
votes per share and is convertible at any time into shares of
Common Stock on a one-for-one basis at the option of the
shareholder. As a result, under Rule 13d, a holder of Class A
Common Stock is deemed to have beneficial ownership of the Common
Stock which such shareholder may acquire upon conversion of the
Class A Common Stock. The percentages set forth herein assume the
conversion of all shares of Class A Common Stock beneficially
owned by the Reporting Person into Common Stock.
(e) 260174 10 7
Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
Page 3 of 6
(d) [_] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [_] An investment adviser in accordance with
(S)240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with (S)240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with (S)240.13d-1(b)(1)(ii)(G);
(h) [_] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
Not Applicable.
Item 4. Ownership.
(a) Amount beneficially owned: 940,891. This amount is current as of
the date of this filing. The Reporting Person beneficially owns
71,891 shares of Common Stock and 869,000 shares of Class A
Common Stock or 5.6% of the shares of Common Stock outstanding
based on the Company's most recent filing with the Securities
Exchange Commission (which for these purposes assumes the
conversion of all shares of Class A Common Stock beneficially
owned by the Reporting Person). This includes 71,691 shares of
Common Stock subject to options granted under the Company's 1996
Stock Option Plan to which the Reporting Person has the right to
acquire beneficial ownership as specified in Rule 13d of the
Securities Exchange Act of 1934 and 52,000 shares of Class A
Common Stock held by his wife.
(b) Percent of class: 5.6%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the
vote: 888,891
(ii) Shared power to vote or to direct the
vote: 52,000
(iii) Sole power to dispose or to direct the
disposition of: 888,891
(iv) Shared power to dispose or to direct
the disposition of: 52,000
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company or Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
Not Applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: January 27, 2003
/s/ Denis McGlynn
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Denis McGlynn
President, Chief Executive Officer and Director
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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