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
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 -$15.2K -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.