SEC Form 4 · accession 0001437749-19-003941
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 1, 2019
Accepted (ET)
Mar 4, 2019 · 4:13 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 1, 2019 | F | 4,358 | $17.62 | D | 243,380 | D | |
| Common StockF2 | holding | — | — | — | 29,000,000 | I | See Footnote 2 |
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.
- F2The 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.