ROLLINS JEFFREY W 4
4 · DOVER MOTORSPORTS INC · Filed Dec 22, 2021
Insider Transaction Report
Form 4
ROLLINS JEFFREY W
Director
Transactions
- Disposition from Tender
Common Stock, $.10 par value
2021-12-22$3.61/sh−27,240$98,336→ 0 total - Disposition from Tender
Common Stock, $.10 par value
2021-12-22$3.61/sh−32,750$118,228→ 0 total(indirect: By LLC) - Disposition from Tender
Class A Common Stock
2021-12-22−1,153,975→ 0 totalExercise: $3.61→ Common Stock (1,153,975 underlying) - Disposition from Tender
Common Stock, $.10 par value
2021-12-22$3.61/sh−5,550$20,036→ 0 total(indirect: By Children)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of November 8, 2021, by and among Dover Motorsports, Inc. ("Issuer"), Speedway Motorsports, LLC and Speedco II, Inc. ("Purchaser") ("Merger Agreement"), on December 22, 2021, Purchaser merged with and into Issuer, with Issuer continuing as the surviving corporation ("Merger"). At the effective time of the Merger, each share of Issuer's common stock was cancelled in exchange for $3.61 in cash ("Cash Amount"). Pursuant to the Merger Agreement, these shares were tendered and disposed of at the offer acceptance time in exchange to receive the Cash Amount.
- [F2]A limited liability corporation over which Reporting Person has sole voting and investment power.
- [F3]Class A Common Stock is convertible into Common Stock at any time on a share for share basis at the option of the holder thereof.
- [F4]Pursuant to the Merger Agreement, on December 22, 2021, at the effective time of the Merger, each share of Issuer's class A common stock was cancelled in exchange for the Cash Amount. Pursuant to the Merger Agreement, these shares were tendered and disposed of at the offer acceptance time in exchange to receive the Cash Amount. The Class A shares were converted to Common Stock upon tendering.