Dover Motorsports Inc - Statement of Changes in Beneficial Ownership (4)
December 21 2007 - 4:18PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
CIBELLI MARIO
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2. Issuer Name
and
Ticker or Trading Symbol
DOVER MOTORSPORTS INC
[
DVD
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
52 VANDERBILT AVENUE, 5TH FLOOR
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/19/2007
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(Street)
NEW YORK, NY 10017
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares, $0.10 Par Value
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12/19/2007
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P
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500
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A
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$6.55
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200776
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I
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Footnote
(3)
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Common Shares, $0.10 Par Value
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12/19/2007
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P
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9500
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A
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$6.55
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2378473
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D
(1)
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Common Shares, $0.10 Par Value
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2378473
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I
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Footnote
(2)
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Common Shares, $0.10 Par Value
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12/20/2007
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P
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500
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A
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$6.55
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201276
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I
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Footnote
(3)
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Common Shares, $0.10 Par Value
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12/20/2007
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P
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9500
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A
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$6.55
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2387973
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D
(1)
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Common Shares, $0.10 Par Value
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2387973
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I
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Foonote
(2)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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These securities are owned by Marathon Partners, L.P., which is a Reporting Person.
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(
2)
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The reported securities are directly owned by Marathon Partners, L.P. and may be deemed beneficially owned by Cibelli Capital
Management, LLC as General Partner of Marathon Partners, L.P. and Mario Cibelli as managing member of Cibelli Capital
Management, LLC. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of his
or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the
beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any
other purpose.
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(
3)
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Mario Cibelli is the managing member of Cibelli Research & Management, L.L.C., a Delaware limited liability company that is
an investment management firm which serves as the general partner of Marathon Focus Fund, L.P., a New York limited
partnership and serves as the general partner of Marathon Offshore, Ltd., a Cayman Islands limited partnership, each of
which is a direct owner of Shares. Mr. Cibelli also serves as portfolio manager to a number of separate managed accounts
that directly own Shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the
extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person
is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or
for any other purpose.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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CIBELLI MARIO
52 VANDERBILT AVENUE
5TH FLOOR
NEW YORK, NY 10017
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X
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MARATHON PARTNERS, L.P.
52 VANDERBILT AVENUE
5TH FLOOR
NEW YORK, NY 10017
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X
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CIBELLI CAPITAL MANAGEMENT LLC
52 VANDERBILT AVENUE
4TH FLOOR
NEW YORK, NY 10017
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X
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Signatures
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/s/ Mario Cibelli
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12/21/2007
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**
Signature of Reporting Person
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Date
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Marathon Partners, L.P., By: Cibelli Capital Management, LLC, By: /s/ Mario Cibelli
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12/21/2007
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**
Signature of Reporting Person
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Date
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Cibelli Capital Management, LLC, By: /s/ Mario Cibelli
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12/21/2007
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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