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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: 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): 5.3%
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12. Type of Reporting Person (See Instructions): IN
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Page 2 of 6
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 withss.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 5.3% 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: 5.3 %
Page 4 of 6
(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
Page 5 of 6
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 29, 2003
/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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