Hastings Richard Radcliffe 4
4 · DOVER MOTORSPORTS INC · Filed Dec 22, 2021
Insider Transaction Report
Form 4
Hastings Richard Radcliffe
Director
Transactions
- Disposition from Tender
Common Stock, $.10 par value
2021-12-22$3.61/sh−4,218$15,227→ 0 total
Footnotes (1)
- [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.