-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HmJc3QuU252SB8S2QyK8yC9IE3v2D64SbtdhWsis04kN25sbXkdePDMs5k6Q/AVu eJ9xAz5fkld2uJCS4vdxmA== 0000891092-05-000955.txt : 20050516 0000891092-05-000955.hdr.sgml : 20050516 20050516153800 ACCESSION NUMBER: 0000891092-05-000955 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050516 DATE AS OF CHANGE: 20050516 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PESSIN NORMAN H CENTRAL INDEX KEY: 0000923666 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 2124765654 MAIL ADDRESS: STREET 1: C/O NEUBERGER & BERMAN LLC STREET 2: 605 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10158 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERACTIVE MOTORSPORTS & ENTERTAINMENT CORP CENTRAL INDEX KEY: 0001115551 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 870678630 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-78450 FILM NUMBER: 05834047 BUSINESS ADDRESS: STREET 1: 5624 WEST 73RD STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46278 BUSINESS PHONE: 3172953500 MAIL ADDRESS: STREET 1: 5624 WEST 73RD STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46278 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC INTERNATIONAL HOLDING INC DATE OF NAME CHANGE: 20000525 SC 13D 1 e20900sc_13d.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Interactive Motorsports and Entertainment, Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.0001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 45839P106 - -------------------------------------------------------------------------------- (CUSIP Number) Norman H. Pessin 605 Third Avenue-19th Floor New York, New York 10158 (212) 476-5654 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 1,2005 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement of Schedule 13G to report the acquisition which is the subject of the Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), ss. 240.13d-1(f) or ss. 240.13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other parties to whom copies are to be sent. *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 on 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). (Continued on following page(s)) PAGE 2 CUSIP No. 45839P106 Schedule 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Norman H. Pessin ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 5,330,000 NUMBER OF SHARES ----------------------------------------------------- BENEFICALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING ___________________ ----------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 5,330,000 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER ________________________ - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,330,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.19% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 CUSIP No. 45839P106 Schedule 13D Item 1. Security and Issuer This Schedule 13D relates to the common stock, $0.0001 par value (the "Common Stock"), of Interactive Motorsports and Entertainment, Corp., an Indiana corporation (the "Issuer"), whose principal executive offices are located at 5624 West 73rd Street, Indianapolis, IN 46278. Item 2. Identity and Background This Schedule 13D is being filed by Norman H. Pessin (the "Reporting Person"). Certain information with respect to the Reporting Person is set forth below: Name and Address: Norman H. Pessin 605 Third Avenue-19th Floor New York, New York 10158 Principal Occupation: Retired Criminal convictions: None Civil proceedings: None Citizenship: United States Item 3. Source and Amount of Funds or Other Consideration Norman H. Pessin purchased 5,330,000 Shares of Common Stock as follows: Date Number of Shares Prsice per Share ---- ---------------- ---------------- 4/01/05 5,000,000 $ 0.05 4/07/05 200,000 $0.058 4/12/05 40,000 $0.064 4/14/05 30,000 $0.064 4/15/05 60,000 $0.065 Item 4. Purposes of the Transactions The purpose of the acquisitions of securities is investment. The filer reserved the right to seek changes in the management of the issuer in the future or in its business. No such plans currently exist. PAGE 4 CUSIP No. 45839P106 Item 5. Interest in Securities of the Issuer Norman H. Pessin owns 5,330,000 shares of common stock of the issuer, constituting 7.19% of the outstanding shares thereof. PAGE 5 CUSIP No. 45839P106 Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer None. Item 7. Material to Be Filed as Exhibits None. Signatures 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. By: /s/ Norman H. Pessin -------------------------- Norman H. Pessin May 16, 2005 -----END PRIVACY-ENHANCED MESSAGE-----