SEC Form 4 · accession 0001437749-17-003596
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
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 8:16 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 | Feb 28, 2017 | D | 4,455 | $0.00 | D | 212,670 | D | |
| Common StockF2 | Feb 28, 2017 | A | 35,000 | $0.00 | A | 247,670 | D | |
| Common StockF3 | holding | — | — | — | 29,000,000 | I | See Footnote 3 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture of restricted stock granted pursuant to the Speedway Motorsports, Inc. 2013 Stock Incentive Plan.
- F2Represents 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 2017.
- F3The 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.