UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Dover Motorsports, Inc.
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(Name of Issuer)
$.10 Par Value Common Stock
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(Title of Class of Securities)
260174 10 7
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
Page 1 of 6
CUSIP No. 260174 10 7
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1. Names of Reporting Persons: Eugene W. Weaver
I.R.S. Identification Nos. of above persons (entities only). Not
required.
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2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ..............................................
(b) ..............................................
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SEC Use Only
3. ......................................................................
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4. Citizenship or Place of Organization: United States
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Number of
Shares 5. Sole Voting Power: 1,440,986
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Beneficially 6. Shared Voting Power: 727,600
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Owned by Each Reporting 7. Sole Dispositive Power: 1,440,986
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Person With: 8. Shared Dispositive Power: 727,600
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Aggregate Amount Beneficially Owned by Each Reporting Person:
9. 2,168,586
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
10. Instructions).........................................................
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11. Percent of Class Represented by Amount in Row (9): 12.1%
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12. Type of Reporting Person (See Instructions): IN
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Item 1.
(a) Dover Motorsports, Inc.
(b) 1131 N. DuPont Highway, Dover, DE 19901
Item 2.
(a) Eugene W. Weaver
(b) 570 Winturford Drive, West Chester, PA 19382
(c) United States
(d) 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.
(e) 260174 10 7
Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15
of the Act (15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [_] Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c).
Page 3 of 6
(d) [_] Investment company registered under section 8
of the Investment Company Act of 1940 (15
U.S.C 80a-8).
(e) [_] An investment adviser in accordance with
(S)240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in
accordance with (S)240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in
accordance with (S)240.13d-1(b)(1)(ii)(G);
(h) [_] A savings associations as defined in Section
3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
(i) [_] 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);
(j) [_] Group, in accordance
with (S)240.13d-1(b)(1)(ii)(J).
Not Applicable.
Item 4. Ownership.
(a) Amount beneficially owned: 2,168,586. This amount is current
as of the date of this filing. The Reporting Person
beneficially owns 201,586 shares of Common Stock and
1,967,000 shares of Class A Common Stock or 12.1% of the
shares of Common Stock outstanding based on the Company's
most recent filing with the Securities Exchange Commission
(which for these purposes assumes the conversion of all
shares of Class A Common Stock beneficially owned by the
Reporting Person). This includes the following: 67,486
shares of Common Stock subject to options granted under the
Company's 1996 Stock Option Plan to which the Reporting
Person has the right to acquire beneficial ownership as
specified in Rule 13d of the Securities Exchange Act of
1934; 10,000 shares of Common Stock and 100,000 shares of
Class A Common Stock held by his wife; 6,600 shares of
Common Stock and 11,000 shares of Class A Common Stock held
as Trustee; and 600,000 shares of Class A Common Stock owned
by a partnership over which the Reporting Person has sole
voting power, as to which the Reporting Person disclaims
beneficial interest in 76.14% of the partnership.
(b) Percent of class: 12.1%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,440,986
(ii) Shared power to vote or to direct the vote:
727,600
(iii) Sole power to dispose or to direct the
disposition of: 1,440,986
(iv) Shared power to dispose or to direct the
disposition of: 727,600
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
Not Applicable
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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.
Date: January 28, 2003
/s/ Eugene W. Weaver
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Eugene W. Weaver
Director
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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