Dover Motorsports Inc - Amended Statement of Ownership (SC 13G/A)
January 30 2008 - 2:12PM
Edgar (US Regulatory)
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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment No. 4)*
(Name of Issuer)
$.10
Par Value Common Stock
(Title of Class of
Securities)
(CUSIP Number)
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
o
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Rule 13d-1(b)
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o
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Rule 13d-1(c)
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x
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Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
CUSIP No. 260174 10 7
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1.
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Names of Reporting Persons
Jeffrey W. Rollins
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
1,296,265
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
1,296,265
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
1,296,265
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11.
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Percent of Class
Represented by Amount in Row (9)
7.3%
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12.
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Type of Reporting Person
(See Instructions)
IN
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2
Item 1.
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(a)
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Name of Issuer
Dover Motorsports, Inc.
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(b)
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Address of Issuers
Principal Executive Offices
1131 N. DuPont Highway, Dover, DE 19901
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Item 2.
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(a)
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Name of Person Filing
Jeffrey W. Rollins
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(b)
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Address of Principal
Business Office or, if none, Residence
1105 Market Street, Suite 300, Wilmington, DE 19801
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(c)
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Citizenship
United States
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(d)
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Title of Class of
Securities
The class of equity security to which this Schedule 13G relates is the Common
Stock (the Common Stock), par value $.10 per share, of Dover Motorsports,
Inc., a Delaware corporation (the Company or the issuer). The Common Stock is publicly traded. The ownership reflected above includes both
Common Stock and Class A Common Stock.
Class A Common Stock is not publicly traded. Class A Common Stock entitles the holder to
ten (10) votes per share and is convertible at any time into shares of Common
Stock on a one-for-one basis at the option of the shareholder. As a result, under Rule 13d, a holder of
Class A Common Stock is deemed to have beneficial ownership of the Common
Stock which such shareholder may acquire upon conversion of the Class A
Common Stock. The percentages set
forth herein assume the conversion of all shares of Class A Common Stock
beneficially owned by the Reporting Person into Common Stock.
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(e)
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CUSIP Number
260174 10 7
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Item 3. If this statement is filed
pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person
filing is a:
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(a)
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o
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Broker or dealer
registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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o
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Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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o
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Insurance company as
defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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o
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Investment company
registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.
80a-8).
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(e)
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o
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An investment adviser in
accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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o
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An employee benefit plan
or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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o
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A parent holding company
or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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o
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A savings association as
defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813);
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(i)
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o
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A church plan that is
excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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o
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Group, in accordance with
§240.13d-1(b)(1)(ii)(J).
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Not applicable.
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3
Item 4.
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Ownership
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Provide the following
information regarding the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
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(a)
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Amount beneficially
owned:
1,296,265. The Reporting Person beneficially owns
142,290 shares of Common Stock and 1,153,975 shares of Class A Common Stock
or 7.3% of the shares of Common Stock outstanding as of December 31, 2007
(which for these purposes assumes the conversion of all shares of Class A
Common Stock beneficially owned by the Reporting Person). This includes 35,300 shares of Common Stock
held in a limited liability corporation over which Reporting Person has sole
voting and investment power
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(b)
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Percent of class:
7.3%
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(c)
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Number of shares as to
which the person has:
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(i)
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Sole power to vote or to
direct the vote
1,296,265
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(ii)
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Shared power to vote or to
direct the vote
0
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(iii)
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Sole power to dispose or
to direct the disposition of
1,296,265
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(iv)
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Shared power to dispose or
to direct the disposition of
0
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Item 5.
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Ownership of Five Percent or Less
of a Class
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If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following
o
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Item 6.
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Ownership of More than Five Percent
on Behalf of Another Person
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Not Applicable
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Item 7.
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Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person
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Not Applicable
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Item 8.
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Identification and Classification
of Members of the Group
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Not Applicable
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Item 9.
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Notice of Dissolution of Group
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Not Applicable
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Item 10.
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Certification
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Not Applicable
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4
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
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January 30, 2008
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Date
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/s/ Jeffrey W. Rollins
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Signature
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Director
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Name/Title
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The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is signed on behalf of a
person by his authorized representative other than an executive officer or
general partner of the filing person, evidence of the representatives
authority to sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose which is already
on file with the Commission may be incorporated by reference. The name and any title of each person who
signs the statement shall be typed or printed beneath his signature.
NOTE:
Schedules filed
in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See
§240.13d-7 for other parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions
of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
5
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