FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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
                      

1. Name and Address of Reporting Person *

WEAVER EUGENE W

2. Issuer Name and Ticker or Trading Symbol

DOVER MOTORSPORTS INC [DVD]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)

(Last)          (First)          (Middle)

570 WINTURFORD DRIVE

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2008 
(Street)

WEST CHESTER, PA 19382

(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock, $.10 par value   10/15/2008     C   29000   A $0   36800   D  
 
Common Stock, $.10 par value   10/15/2008     G   29000   D $0   7800   D  
 
Common Stock, $.10 par value   10/15/2008     C   25000   A $0   25000   I   Spouse  
Common Stock, $.10 par value   10/15/2008     G   25000   D $0   0   I   Spouse  
Common Stock, $.10 par value                 100000   I   Limited Partnership   (2)
Common Stock, $.10 par value                 21600   I   Foundation  

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YYYY)
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Stock     10/15/2008     C      29000      (1)   (1) Common Stock   29000     (1) 871000   D  
 
Class A Common Stock     10/15/2008     C      25000      (1)   (1) Common Stock   25000     (1) 75000   I   Spouse  
Class A Common Stock                     (1)   (1) Common Stock   500000     500000   I   Limited Partnership   (2)
Class A Common Stock                     (1)   (1) Common Stock   1000     1000   I   Foundation  

Explanation of Responses:
( 1)  Class A Common Stock is convertible into Common Stock at any time on a share for share basis at the option of the holder thereof.
( 2)  Reporting person directly owns 23.8611% of the partnership and disclaims beneficial intereest in 76.14% (of which 23.8407% is held directly by his spouse).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WEAVER EUGENE W
570 WINTURFORD DRIVE
WEST CHESTER, PA 19382
X



Signatures
Elia D. Trowbridge, Via Power of Attorney Filed With the Securities and Exchange Commission 1/14/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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