UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under
the Securities Exchange Act of 1934
(Amendment No. 4 )*
DOVER MOTORSPORTS, INC.
(Name of Issuer)
$.10 Par Value Common Stock
(Title of Class of Securities)
260174 10 7
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
o |
Rule 13d-1(c) |
x |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13G
DOVER MOTORSPORTS, INC.
CUSIP No. 260174 10 7 |
|
Page 2 of 5 |
||||||
|
||||||||
|
1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
|
||||||
|
||||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||||
|
|
(a) |
o |
|||||
|
|
(b) |
o |
|||||
|
||||||||
|
3. |
SEC Use Only |
||||||
|
||||||||
|
4. |
Citizenship or Place of
Organization: United States |
||||||
|
|
|
||||||
Number of |
5. |
Sole Voting Power: |
927,800 |
|||||
|
||||||||
6. |
Shared Voting Power : |
722,600 |
||||||
|
||||||||
7. |
Sole Dispositive Power: |
927,800 |
||||||
|
||||||||
8. |
Shared Dispositive Power : |
722,600 |
||||||
|
||||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person: 1,650,400 |
||||||
|
||||||||
|
10. |
Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||||
|
||||||||
|
11. |
Percent of Class
Represented by Amount in Row (9): 9.0% |
||||||
|
||||||||
|
12. |
Type of Reporting Person
(See Instructions): IN |
||||||
CUSIP No. 260174 10 7 |
|
Page 3 of 5 |
Item 1. |
|||
|
(a) |
Dover Motorsports, Inc. |
|
|
(b) |
1131 N. DuPont Highway, Dover, DE 19901 |
|
|
|||
Item 2. |
|||
|
(a) |
Eugene W. Weaver |
|
|
(b) |
570 Winterfurd Drive, West Chester, PA 19382 |
|
|
(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 §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
||
|
(a) |
o |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
|
(b) |
o |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
|
(c) |
o |
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
|
(d) |
o |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
|
(e) |
o |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
|
(f) |
o |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
|
(g) |
o |
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
|
(h) |
o |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
|
(i) |
o |
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) |
o |
Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
Not Applicable.
CUSIP No. 260174 10 7 |
|
Page 4 of 5 |
Item 4. |
Ownership |
|||
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
||||
|
(a) |
Amount beneficially owned: 1,650,400. The Reporting Person beneficially owns 149,400 shares of Common Stock and 1,501,000 shares of Class A Common Stock or 9.0% of the shares of Common Stock outstanding as of December 31, 2007 (which for these purposes assumes the conversion of all shares of Class A Common Stock beneficially owned by the Reporting Person). This includes 100,000 shares of Class A Common Stock held by his wife and 21,600 shares of Common Stock and 1,000 shares of Class A Common Stock held as Trustee as to which the Reporting Person disclaims any beneficial interest; and 100,000 shares of Common Stock and 500,000 shares of Class A Common Stock owned by a partnership over which the Reporting Person has sole voting power. 23.86% of the partnership is held directly by Mr. Weaver and 23.84% is held directly by his wife. Mr. Weaver disclaims any beneficial interest in 76.14% of the partnership.
|
||
|
(b) |
Percent of class: 9.0 %
|
||
|
(c) |
Number of shares as to which the person has:
|
||
|
|
(i) |
Sole power to vote or to direct the vote 927,800
|
|
|
|
(ii) |
Shared power to vote or to direct the vote |
722,600 |
|
|
(iii) |
Sole power to dispose or to direct the disposition of |
927,800 |
|
|
(iv) |
Shared power to dispose or to direct the disposition of |
722,600 |
|
|
|
|
|
Item 5. |
Ownership of Five Percent or Less of a Class |
|||
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following o. |
||||
Not Applicable |
||||
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
|||
|
||||
|
||||
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
|||
|
||||
|
||||
Item 8. |
Identification and Classification of Members of the Group |
|||
|
||||
|
||||
Item 9. |
Notice of Dissolution of Group |
|||
|
||||
|
||||
Item 10. |
Certification |
|||
|
CUSIP No. 260174 10 7 |
|
Page 5 of 5 |
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 30, 2008 |
|
|
|
|
|
|
|
|
|
|
|
/s/ Eugene W. Weaver |
|
|
|
Eugene W. Weaver |
|
|
|
Director |
|
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representatives authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)