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, 2001
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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: Melvin L. Joseph
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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3. SEC Use Only
...........................................................
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4. Citizenship or Place of Organization: United States
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Number of
Shares 5. Sole Voting Power: 890,000
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Beneficially 6. Shared Voting Power: 0
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Owned by Each Reporting 7. Sole Dispositive Power: 890,000
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Person With: 8. Shared Dispositive Power: 0
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person: 890,000
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)................................
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11. Percent of Class Represented by Amount in Row (9): 5.4%
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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) Melvin L. Joseph
(b) RD# 7, Box 218, Georgetown, DE 19947
(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
Page 3 of 6
3(a)(19) of the Act (15 U.S.C. 78c).
(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: 890,000. This amount is
current as of the date of this filing. The
Reporting Person beneficially owns 30,000 shares of
Common Stock and 860,000 shares of Class A Common
Stock or 5.4% 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
10,000 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.
(b) Percent of class: 5.4%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the
vote: 890,000
(ii) Shared power to vote or to direct the
vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 890,000
(iv) Shared power to dispose or to direct
the disposition of: 0
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: September 5, 2002
/s/ Melvin L. Joseph
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Melvin L. Joseph
Director and Vice President and Director
of Auto Racing for Dover International
Speedway, Inc.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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