R. Radcliffe Hastings - 22 Dec 2021 Form 4 Insider Report for DOVER MOTORSPORTS INC

Role
Director
Signature
By: /s/ R. Radcliffe Hastings
Issuer symbol
N/A
Transactions as of
22 Dec 2021
Net transactions value
-$15,227
Form type
4
Filing time
22 Dec 2021, 18:22:44 UTC
SEC
View on sec.gov

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 $15,227 -4,218 -100% $3.61 0 22 Dec 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

R. 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.