SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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(Amendment No. 4)
SCHEDULE 14D-1/A
Tender Offer Statement
Pursuant to Section 14(d)(1)of the Securities Exchange Act of 1934
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GLOBAL MOTORSPORT GROUP, INC.
(Name of Subject Company)
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GOLDEN CYCLE, LLC
ALEXANDER GRASS
ROGER GRASS
(Bidders)
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COMMON STOCK, PAR VALUE $.001 PER SHARE
(INCLUDING THE ASSOCIATED PREFERRED SHARE PURCHASE RIGHTS)
(Title of Class of Securities)
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378937106
(CUSIP Number of Class of Securities)
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ROGER GRASS
GOLDEN CYCLE, LLC
ONE WYNNEWOOD ROAD, SUITE 100
WYNNEWOOD, PA 19096
(610) 642-8600
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications on Behalf of Bidder)
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COPY TO:
HERBERT HENRYSON II, ESQ.
WOLF, BLOCK, SCHORR AND SOLIS-COHEN LLP
111 SOUTH 15TH STREET
PHILADELPHIA, PA 19102
(215) 977-2000<PAGE>
CUSIP No. 378937106 14D-1- Page 2
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Golden Cycle, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only): 23-294-3669
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC, AF, BK, OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f)
[ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania
- ------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
528,100
- ------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- ------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 10.4%
- ------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON: OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 378937106 14D-1- Page 3
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Alexander Grass
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only):
- ------------------------------------------------------------------------------
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(e) or 2(f)
[ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- ------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- ------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- ------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
- ------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON: IN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 378937106 14D-1- Page 4
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Roger Grass
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only):
- ------------------------------------------------------------------------------
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(e) or 2(f)
[ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
- ------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
- ------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
- ------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0%
- ------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON: IN
- ------------------------------------------------------------------------------
<PAGE>
This Amendment No. 4 amends and supplements the Tender Offer Statement on
Schedule 14D-1 dated April 7, 1998 filed by Golden Cycle, LLC, a Pennsylvania
limited liability company, to purchase all outstanding shares of Common Stock,
par value $0.001 per share (the "Shares"), of Global Motorsport Group, Inc., a
Delaware corporation (the "Company"), including the associated Preferred Share
Purchase Rights (the "Rights") issued pursuant to the Rights Agreement dated
as of November 13, 1996 between the Company and American Stock Transfer and
Trust Company, as Rights Agent, at $18.00 per Share and associate Right, net
to the seller in cash, upon the terms and subject to the conditions set forth
in the Offer to Purchase dated April 7, 1998 and the related Letter of
Transmittal.
The Schedule 14D-1 is hereby amended as set forth below.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11(a) is hereby amended by adding the following:
(a)(11) Press Release, issued by the Purchaser, dated May 4,
1998.
<PAGE>
SIGNATURE
After due 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: May 5, 1998
GOLDEN CYCLE, LLC
By: /s/ ROGER GRASS
----------------------
Name: Roger Grass
Title: Vice President
/s/ ALEXANDER GRASS
--------------------------
Alexander Grass
/s/ ROGER GRASS
--------------------------
Roger Grass
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER EXHIBIT
- ---------- ------------------------------------------------------------
(a)(1) Offer to Purchase, dated April 7, 1998.
(2) Letter of Transmittal with respect to the Shares and Rights.
(3) Letter, dated April 7, 1998, from Jefferies & Company, Inc. to brokers,
dealers, banks, trust companies and nominees.
(4) Letter to be sent by brokers, dealers, banks, trust companies and
nominees to their clients.
(5) Notice of Guaranteed Delivery.
(6) IRS Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9.
(7) Press Release, dated April 6, 1998.
(8) Form of summary advertisement, dated April 7, 1998.
(9) Letter dated April 14, 1998 from Alexander Grass to Mr. Joseph F. Keenan
(10) Press Release, issued by the Purchaser, dated April 17, 1998
*(11) Press Release, issued by the Purchaser, dated May 4, 1998
(b) None.
(c) Letter agreement, dated March 6, 1998, between Jeffries &
Company, Inc. and the Purchaser.
(d) None.
(e) Not Applicable.
(f) None.
(g) Complaint filed by the Purchaser on April 2, 1998 in the
Court of Chancery of the State of Delaware.
(h) Complaint filed by the Purchaser on April 6, 1998 in the
United States District Court in and for the District of
Delaware.
(i) Complaint filed by the Purchaser on April 7, 1998 in the
Court of Chancery of the State of Delaware.
_____________
* Filed herewith.<PAGE>
Exhibit (a)(11)
GOLDEN CYCLE LLC EXTENDS OFFER
WYNNEWOOD, Pa.--May 4, 1998--Golden Cycle, LLC today announced
that it has extended the expiration date of its tender offer for all of the
outstanding common shares and preferred share purchase rights of Global
Motorsport Group Inc. (NASDAQ: CSTM) to 12:00 midnight, New York City time, on
Friday, May 29, 1998. Golden Cycle said that it has received tenders of
approximately 2,730 common shares of Global Motorsport.
