SMITH MARCUS G 4
4 · SPEEDWAY MOTORSPORTS INC · Filed Mar 13, 2019
Insider Transaction Report
Form 4
SMITH MARCUS G
DirectorChief Operating Officer
Transactions
- Tax Payment
Common Stock
2019-03-13$16.86/sh−4,836$81,535→ 266,448 total - Award
Common Stock
2019-03-12+35,000→ 271,284 total - Tax Payment
Common Stock
2019-03-11$16.45/sh−4,551$74,864→ 238,829 total - Disposition to Issuer
Common Stock
2019-03-12−2,545→ 236,284 total
Holdings
- 29,000,000(indirect: See Footnote No.2)
Common Stock
Footnotes (5)
- [F1]Represents shares delivered by the reporting person to Speedway Motorsports, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units.
- [F2]The 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.
- [F3]Represents the forfeiture of restricted stock units granted pursuant to the Speedway Motorsports, Inc. 2013 Stock Incentive Plan, Amended and Restated as April 19, 2017.
- [F4]Represents 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 2018.
- [F5]Represents shares delivered by the reporting person to Speedway Motorsports, Inc. to satisfy withholding tax obligations due upon vesting of restricted stock units.