Radcliffe Hastings - Dec 22, 2021 Form 4 Insider Report for DOVER MOTORSPORTS INC (DVD)

Role: Director
Signature: By: /s/ R. Radcliffe Hastings
Stock symbol: DVD
Transactions as of: Dec 22, 2021
Transactions value $: -$15,227
Form type: 4
Date filed: 12/22/2021, 06:22 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DVD	Common Stock, $.10 par value	Disposition pursuant to a tender of shares in a change of control transaction	-$15.2K	-4.22K	-100%	$3.61	0	Dec 22, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Radcliffe Hastings is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
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.

Content

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.