SEC Form 4 · accession 0001437749-18-004053
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 5, 2018
Accepted (ET)
Mar 6, 2018 · 5:42 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 5, 2018 | F | 4,910 | $19.69 | D | 227,427 | D | |
| Common StockF2 | Mar 6, 2018 | D | 5,727 | $0.00 | D | 221,700 | D | |
| Common StockF3 | Mar 6, 2018 | A | 35,000 | $0.00 | A | 256,700 | 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 shares delivered by the reporting person to Speedway Motorsports, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units.
- F2Represents the forfeiture of restricted stock pursuant to the Speedway Motorsports, Inc. 2013 Stock Incentive Plan.
- 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, Amended and Restated as of April 19, 2017. 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.
- 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.