SEC Form 4 · accession 0001437749-16-027483
SPEEDWAY MOTORSPORTS INC · TRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marcus G Smith
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 8, 2016
Accepted (ET)
Mar 11, 2016 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000934648
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 8, 2016 | D | 6,363 | $0.00 | D | 187,363 | D | |
| Common StockF2 | Mar 8, 2016 | F | 5,238 | $18.96 | D | 182,125 | D | |
| Common StockF3 | Mar 8, 2016 | A | 35,000 | $0.00 | A | 217,125 | D | |
| Common StockF4 | holding | — | — | — | 29,000,000 | I | See Footnote 4 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture of restricted stock units granted pursuant to the Speedway Motorsports, Inc. 2013 Stock Incentive Plan.
- F2Represents shares delivered by the reporting person to Speedway Motorsports, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units.
- F3Represents shares of Common Stock issuable upon conversion of restricted stock units granted by the Compensation Committee of Speedway Motorsports, Inc. pursuant to the Speedway Motorsports, Inc. 2013 Stock Incentive Plan. The restricted stock units may only be settled in shares of Common Stock and are subject to forfeiture based on the satisfaction of performance criteria for fiscal year 2016.
- F4The reported securities are held by Sonic Financial Corporation ("SFC"), a North Carolina corporation of which Mr. Smith is a stockholder and executive officer, and OBS Holdings, LLC ("Holdings"), a North Carolina limited liability company of which Mr. Smith is a member and manager. Mr. Smith disclaims beneficial ownership of the Speedway Motorsports, Inc. common stock held by SFC and Holdings, except to the extent of his pecuniary interest therein.