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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13-d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Penske Motorsports, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
709598 10 6
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(CUSIP Number)
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 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 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
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).
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CUSIP NO. 709598 10 6 SCHEDULE 13G PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KAISER VENTURES INC.
94-0594733
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
N/A (b) [_]
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SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
STATE OF DELAWARE, U.S.A
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SOLE VOTING POWER
5
NUMBER OF 1,627,923
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,627,923
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,627,923
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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
12.16%
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TYPE OF REPORTING PERSON*
12
CO
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ITEM 1. (A) NAME OF ISSUER: Penske Motorsports, Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3270 W. Big Beaver Road, Suite 130
Troy, Michigan 48084
ITEM 2. (A) NAME OF PERSONS FILING: Kaiser Ventures Inc.
(B) ADDRESS OF PRINCIPAL BUSINESS OR, IF NONE, RESIDENCE:
3633 E. Inland Empire Blvd., Suite 850
Ontario, California 91764
(C) CITIZENSHIP: Incorporated in Delaware, USA
(D) TITLE OF CLASS OF SECURITIES: common stock
(E) CUSIP NUMBER: 483100 10 3
ITEM 3. IT THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), CHECK WHETHER
THE PERSON FILING IS A: Inapplicable
(a) [ ] Broker or dealer registered under Section 165 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,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers ac of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employer Retirement Income Security Act of
1974 or Endowment Fund; see (13-d-1)(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with Rule (13d-
1)(b)(ii)(G); see item 7,
(h) [ ] Group, in accordance with the Rule 13-d-1(b)(ii)(H).
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ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of my month described in Rule 13d-
1(b)(2), if applicable, exceeds five percent, provide, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount beneficially owned: 1,627,923
(b) Percent of class: 12.29%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,627,923
(ii) Shared power to vote or to direct the vote none
(iii) Sole power to dispense or to direct the disposition of
1,627,923
(iv) Share power to dispose or to direct the disposition of none
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of 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. 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 IN 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 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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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.
February 12, 1997
KAISER VENTURES INC.
a Delaware corporation
By: /s/ Gerald A. Fawcett
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Gerald A. Fawcett
President
