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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Championship Auto Racing Teams, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
158711 10 1
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(CUSIP Number)
June 15, 1999
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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)
[X] Rule 13d-(c)
[ ] Rule 13d-1(d)
*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 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 pages)
Page 1 of 6 pages
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CUSIP No.
158711 10 1
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(1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (entities only)
Tasman Motorsports Group, Inc. 31-1360687
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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 (5) Sole Voting Power 745,000
Shares --------------------------------------------------
Beneficially (6) Shared Voting Power N/A
Owned by --------------------------------------------------
Each (7) Sole Dispositive Power N/A
Reporting --------------------------------------------------
Person With (8) Shared Dispositive Power N/A
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
shares
745,000
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) N/A
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(11) Percent of Class Represented by Amount in Row 9 4.93
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(12) Type of Reporting Person (See Instructions) Co
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ITEM 1(a) Name of Issuer: Championship Auto Racing Teams, Inc.
ITEM 1(b) Address of Issuer's Principal Executive Offices:
755 West Big Beaver Road, Suite 800
Troy, Michigan 48084
ITEM 2(a) Name of Person Filing: Tasman Motorsports Group, Inc.
ITEM 2(b) Address of Principal Office or, if none, Residence:
4811 Northwest Parkway
Hilliard, Ohio 43026
ITEM 2(c) Citizenship: United States
ITEM 2(d) Title of Class of Securities:
Common Stock, par value $0.1 per share
ITEM 2(e) CUSIP Number: 158711 10 1
ITEM 3. If this statement is filed pursuant to sections 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.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act.
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940.
(e) [ ] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee Benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G);
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(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(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;
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c), check this
box [ ].
Not Applicable
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 745,000 shares
(b) Percent of class: 4.93
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 745,000 shares
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
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 [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
If any 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, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
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company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating
the identity and the Item 3 classification of the relevant subsidiary. If a
parent holding company has filed this schedule pursuant to Rule 13d-1(c), attach
an exhibit stating the identification of the relevant subsidiary.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
If a group has filed this schedule pursuant to section
240.13d-1(b)(1)(ii)(J), so indicate under Item 3(h) and attach an exhibit
stating the identity and Item 3 classification of each member of the group. If a
group has filed this schedule pursuant to section 240.13d-1(d), attach an
exhibit stating the identity of each member of the group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by; members
of the group, in their individual capacity. See Item 5.
Not Applicable
ITEM 10. CERTIFICATIONS.
(a) The following certification shall be included if the statement
if filed pursuant to section 240.13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
(b) The following certification shall be included if the statement
is filed pursuant to section 240.13d-1(c):
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
TASMAN MOTORSPORTS GROUP, INC.:
By: /s/ Stephen G. Horne
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Stephen G. Horne, President
Date: July 6, 1999.
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