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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. )
GRAND PRIX ASSOCIATION OF LONG BEACH, INC.
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
386176101
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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)
The information required in 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).
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CUSIP NO. 386176101 13G PAGE 2 OF 5.
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
James P. Michaelian
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION:
4
United States Citizen
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SOLE VOTING POWER
5
NUMBER OF 176,498
SHARES -----------------------------------------------------------
SHARED VOTING POWER:
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER:
7
REPORTING 176,498
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER:
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9
263,459
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
10
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
11
5.5%
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TYPE OF REPORTING PERSON:
12
IN
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CUSIP NO. 386176101 13G PAGE 3 OF 5.
Item 1.
(a) Name of Issuer:
GRAND PRIX ASSOCIATION OF LONG BEACH, INC.
(b) Address of Issuer's Principal Executive Offices:
3000 PACIFIC AVENUE, LONG BEACH, CA 90806.
Item 2.
(a) Name of Person Filing: James P. Michaelian
(b) Address of Principal Business Office or, if none, Residence:
3000 Pacific Avenue, Long Beach, CA 90806
(c) Citizenship:
United States Citizen
(d) Title of Class of Securities:
Common Stock, No Par Value
(e) CUSIP Number:
386176101
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13(d)-2(b),
check whether the person filing is a:
Not Applicable
Item 4. Ownership. The percent of the class owned, as of December 31 of the year
covered by this statement (1997) exceeds five percent and the following
information is provided as of that date including shares which there is a right
to acquire.
(a) Amount Beneficially Owned: 263,459 (Includes 176,498 shares owned by
Mr. Michaelian and 86,961 in options exercisable within the next 60 days).
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CUSIP NO. 386176101 13G PAGE 4 OF 5.
(b) Percent of Class: 5.66%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 263,459
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 263,459
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of the Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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CUSIP NO. 386176101 13G PAGE 5 OF 5.
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.
Dated: February 14, 1998
/s/ James P. Michaelian
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James P. Michaelian
