-----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, O17fCiPHnWY69tcowqR7GHdl+8S2hbX0FUffMjiXeJ6CXsxRzcr+ttfHt5AFiNRN T5F+sAlU/MaEcEzDpZN+vw== 0000902664-97-000385.txt : 19971216 0000902664-97-000385.hdr.sgml : 19971216 ACCESSION NUMBER: 0000902664-97-000385 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971212 SROS: NASD GROUP MEMBERS: FARLEY CAPITAL L.P. GROUP MEMBERS: FARLEY CAPITAL LP GROUP MEMBERS: LABRADOR PARTNERS L.P. GROUP MEMBERS: STEPHEN L. FARLEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SPEEDWAY CORP CENTRAL INDEX KEY: 0000051548 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] IRS NUMBER: 590709342 STATE OF INCORPORATION: FL FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-36579 FILM NUMBER: 97737619 BUSINESS ADDRESS: STREET 1: 1801 W INTERNATIONAL SPEEDWAY BLVD CITY: DAYTONA BEACH STATE: FL ZIP: 32114-1243 BUSINESS PHONE: 9042542700 MAIL ADDRESS: STREET 1: 1801 WEST INTERNATIONAL SPEEDWAY CORP CITY: DAYTONA BEACH STATE: FL ZIP: 32114-1243 FORMER COMPANY: FORMER CONFORMED NAME: DAYTONA INTERNATIONAL SPEEDWAY CORP DATE OF NAME CHANGE: 19691130 FORMER COMPANY: FORMER CONFORMED NAME: FRANCE BILL RACING INC DATE OF NAME CHANGE: 19670227 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARLEY CAPITAL LP CENTRAL INDEX KEY: 0001041997 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 22303425 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 655 THIRD AVE STREET 2: SUITE 2520 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125577776 MAIL ADDRESS: STREET 1: 655 THIRD AVE STREET 2: SUITE 2520 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ SCHEDULE 13D/A1 Amendment No. 1 Under the Securities Exchange Act of 1934 INTERNATIONAL SPEEDWAY CORPORATION (Name of Issuer) CLASS A COMMON STOCK, $.01 PAR VALUE (Title of Class of Securities) 460335201 (CUSIP Number) STEPHEN L. FARLEY FARLEY CAPITAL L.P. 655 THIRD AVENUE, SUITE 2520 NEW YORK, NEW YORK 10017 (212) 557-7776 (Name, address and telephone number of person authorized to receive notices and communications) November 14, 1997 (Date of event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 in the remainder of this cover page shall not be deemed to be "filed" for purposes 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). Page 1 of 12 Pages 13D/A1 CUSIP NO. 460335201 - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Labrador Partners L.P. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [x] (b) [ ] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------------ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER - 0 - SHARES --------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 383,000 OWNED BY --------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER - 0 - REPORTING --------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 383,000 - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 383,000 - ------------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 12 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The aggregate number of shares of Class A Common Stock purchased and the net investment cost of such Class A Common Stock is as follows: Aggregate Number of Shares of Reporting Person Class A Common Stock Net Investment Cost Labrador Partners L.P. 383,000 $8,291,077 Farley Capital L.P. 51,100 $1,109,712 The Class A Common Stock purchased by Labrador Partners was purchased with its working capital. The Class A Common Stock purchased by Farley Capital was purchased with the investment capital of each discretionary account under its management. A portion of the Class A Common Stock beneficially owned by Labrador Partners and Farley Capital may be held in margin accounts at Goldman, Sachs & Co. which may, from time to time, have debit balances. Since other securities are held in such margin accounts, it is not possible to determine the amount of margin, if any, used with respect to the purchases of the Class A Common Stock. Currently, the interest rate charged on such margin accounts is 6.75% per annum. ITEM 4. PURPOSE OF TRANSACTION. The purpose of the acquisition of the Class A Common Stock by the Reporting Persons is for investment. The Reporting Persons reserve the right to buy additional securities of the Issuer or sell securities of the Issuer from time to time. The Reporting Persons have no present plans or proposals which relate to, or could result in, any of the actions enumerated in paragraphs (a) through (j) of Item 4 of the instructions to Schedule 13D. Such entities and persons may, at any time and from time to time, review or reconsider their position with respect to the Issuer, and formulate plans or proposals with respect to any of such matters, but have no present intention of doing so. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The following is the aggregate amount of Class A Common Stock that is beneficially owned by each Reporting Person: Aggregate Number of Shares of Percentage of Name Class A Common Stock Class A Common Stock Labrador Partners L.P. 383,000 7.2% Farley Capital L.P. 51,100 1.0% Farley does not directly own any Class A Common Stock. Pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, Farley may be deemed an indirect beneficial owner of 434,100 shares of Class A Common Stock by virtue of his position as managing general partner of Labrador Partners (383,000 shares) and Farley Capital (51,100 shares). Page 6 of 12 Pages Associates does not beneficially own any Class A Common Stock. In the aggregate, the Reporting Persons beneficially own a total of 434,100 shares of Class A Common Stock, constituting approximately 8.2% of the outstanding shares of Class A Common Stock of the Issuer. The approximate aggregate percentage of Class A Common Stock reported beneficially owned by each person herein is based upon 5,293,551 Class A Common Stock shares outstanding, which is the total number of Class A shares of Common Stock outstanding as of August 31, 1997, as reflected in the Issuer's quarterly report on Form 10-Q filed with the Commission for the quarter ended August 31, 1997 (which is the most recent Form 10-Q on file). (b) Each of Labrador Partners and Farley Capital have the power to vote and dispose of the shares of Class A Common Stock beneficially owned by them, which power may be exercised exclusively by Farley. (c) The trading dates, number of shares of Class A Common Stock purchased or sold and price per share for all transactions in the Class A Common Stock by Labrador Partners and Farley Capital from the 60th day prior to November 14, 1997 and from November 14, 1997 through December 10, 1997 are set forth in Schedule A and Schedule B hereof. All such transactions were open market transactions effected through over the counter transactions. During such period neither Farley nor Associates entered into any transactions in the Class A Common Stock. (d) Except as set forth above, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Class A Common Stock. (e) Not applicable. * * * * * Page 7 of 12 Pages SIGNATURES After reasonable inquiry and to the best knowledge and belief of each of the Reporting Persons, each such person or entity certifies that the information set forth in this statement is true, complete and correct and agrees that this statement is filed on behalf of each of them. Dated: December 10, 1997 ----------- By: /s/ Stephen L. Farley -------------------------------------- Stephen L. Farley, individually and as managing general partner of each of Labrador Partners L.P. and Farley Capital L.P. Page 8 of 12 Pages Schedule A ---------- Labrador Partners L.P. ------------------- Transactions in the Class A Common Stock ---------------------------------------- Price Per Share Date of No. of Shares (Excluding Transaction Purchased Commissions) ----------- ---------------- --------------- 10/2/97 5,000 $19.7500 10/2/97 2,500 19.7500 10/3/97 4,000 20.2500 10/3/97 4,000 20.3750 10/3/97 6,000 21.0000 10/3/97 4,000 21.0000 10/6/97 3,000 20.7500 10/6/97 5,500 20.7500 10/6/97 5,000 20.7500 10/7/97 6,000 20.9375 10/7/97 3,000 20.8750 10/7/97 3,000 20.8750 10/7/97 5,000 21.0000 10/7/97 2,000 20.8750 10/7/97 2,000 21.0000 10/8/97 2,000 21.5000 10/8/97 2,000 21.6250 10/8/97 4,000 21.8750 10/8/97 3,000 21.8750 10/8/97 1,000 21.7500 10/8/97 5,000 21.8750 10/8/97 3,000 21.8750 10/9/97 3,000 21.8750 10/9/97 7,000 21.6610 10/10/97 3,000 22.0000 10/13/97 3,000 22.0000 10/13/97 4,000 22.0000 10/13/97 4,000 22.0000 10/13/97 3,000 22.0000 10/13/97 4,000 22.0000 10/14/97 5,000 22.1250 10/15/97 5,000 22.0000 10/15/97 4,000 22.0000 10/15/97 1,500 22.0000 10/16/97 20,000 22.1250 10/16/97 5,000 21.9375 10/20/97 1,000 21.8750 10/22/97 4,000 21.0000 10/22/97 5,500 20.6250 10/22/97 6,000 20.6250 Page 9 of 12 Pages Schedule A ---------- Labrador Partners L.P. ------------------- Transactions in the Class A Common Stock ---------------------------------------- Price Per Share Date of No. of Shares (Excluding Transaction Purchased Commissions) ----------- ---------------- --------------- 10/23/97 3,000 $20.5000 10/24/97 4,000 20.3750 10/24/97 3,000 20.3750 10/27/97 4,000 20.2500 10/27/97 1,000 19.6250 10/27/97 4,000 19.7500 10/27/97 5,000 19.8750 10/28/97 2,000 17.5000 10/28/97 1,000 18.1250 10/28/97 3,000 19.2500 10/28/97 4,000 19.2500 10/30/97 2,500 19.6250 11/5/97 1,900 21.3355 11/5/97 8,300 21.5000 11/5/97 7,000 21.5000 11/7/97 2,700 21.3750 11/12/97 5,600 20.0560 11/14/97 6,000 19.9375 11/14/97 2,000 20.1250 11/14/97 3,000 20.0000 11/17/97 2,000 20.1250 11/18/97 2,000 19.9375 11/18/97 2,000 20.0625 11/18/97 3,000 20.2500 11/18/97 5,000 20.2500 11/18/97 2,000 20.2500 11/19/97 10,800 20.4213 11/19/97 200 20.1250 11/19/97 3,000 20.7500 11/26/97 3,000 20.7500 11/26/97 3,000 20.5000 11/26/97 3,000 20.7500 12/1/97 4,000 21.5000 12/1/97 1,000 21.6250 12/2/97 6,000 22.1250 12/2/97 3,000 22.3750 12/2/97 3,000 22.2500 12/2/97 4,000 22.3750 12/3/97 6,000 22.9979 Page 10 of 12 Pages Schedule A ---------- Labrador Partners L.P. ------------------- Transactions in the Class A Common Stock ---------------------------------------- Price Per Share Date of No. of Shares (Excluding Transaction Purchased Commissions) ----------- ---------------- --------------- 12/3/97 3,000 $23.0000 12/3/97 3,000 23.0000 12/3/97 5,000 23.0750 12/3/97 3,000 23.7500 12/3/97 1,000 23.8750 12/3/97 3,000 24.0000 12/3/97 3,000 24.2500 12/3/97 55,000 24.1534 Page 11 of 12 Pages Schedule B ---------- Farley Capital L.P. ------------------- Transactions in the Class A Common Stock ---------------------------------------- Price Per Share Date of No. of Shares (Excluding Transaction Purchased Commissions) ----------- ---------------- --------------- 10/13/97 2,000 $22.2500 10/14/97 2,000 22.1250 10/15/97 2,000 22.1250 10/16/97 5,400 22.1250 10/17/97 3,000 22.0000 10/21/97 2,000 22.0000 10/21/97 1,000 21.8750 10/27/97 4,000 20.2500 10/29/97 2,000 20.0000 10/30/97 2,700 19.6250 11/5/97 1,000 21.3750 11/14/97 3,000 20.1250 11/19/97 4,000 20.7500 11/19/97 3,000 20.5000 11/21/97 1,600 21.5000 11/28/97 1,000 21.3750 12/1/97 2,000 21.8750 12/4/97 7,200 24.0000 12/4/97 1,300 24.0000 12/4/97 900 24.0000 Page 12 of 12 Pages -----END PRIVACY-ENHANCED MESSAGE-----