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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. _____1_____)
PENSKE MOTORSPORTS, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
709 598 10 6
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(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 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).
1
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
ROGER S. PENSKE
SSN: ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES CITIZEN
NUMBER OF SHARES 5 SOLE VOTING POWER
66,699(1)
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER
7,805,490(2)
EACH REPORTING 7 SOLE DISPOSITIVE POWER
66,699(1)
PERSON WITH 8 SHARED DISPOSITIVE
POWER
7,805,490(2)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,872,189
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
SEE FOOTNOTES (1) AND (2)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.4%
12 TYPE OF REPORTING PERSON*
IN
(1) THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF 5,220 OF THESE
SHARES, AND THIS REPORT SHALL NOT BE DEEMED AN ADMISSION THAT THE
REPORTING PERSON IS THE BENEFICIAL OWNER OF SUCH SECURITIES.
(2) THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SHARES, AND
THIS REPORT SHALL NOT BE DEEMED AN ADMISSION THAT THE REPORTING PERSON
IS THE BENEFICIAL OWNER OF SUCH SECURITIES.
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________________
ITEM 1:
A) NAME OF ISSUER:
Penske Motorsports, Inc.
B) ADDRESS OF ISSUER'S PRINCIPAL OFFICE:
13400 West Outer Drive
Detroit, MI 48239
ITEM 2:
A) NAME OF PERSON FILING:
The name of the person filing this statement is Roger S.
Penske, a United States citizen.
With respect to 7,801,875 shares, Roger S. Penske may be
deemed to share voting and dispositive power with Penske
Corporation, a Delaware corporation, Penske Performance,
Inc., a Delaware corporation, and PSH Corp., a Delaware
corporation, Facility Investments, Inc., a Florida
corporation, International Speedway Corporation, a Florida
corporation and the "France Family Group" (described below)
which have each filed a Schedule 13D. The relationship
between Roger S. Penske and such entities is described below:
PSH Corp., a Delaware corporation is a partially owned
subsidiary of Penske Performance Inc., and is the
record holder of 7,801,875 shares of common stock, par
value $.01 per share of Penske Motorsports, Inc., that
are part of the subject of this filing.
Penske Performance Inc., a Delaware corporation, owns
directly 80.0% of the stock of PSH Corp. and Facility
Investments, Inc. owns 20.0% of the stock of PSH Corp.
Penske Corporation, a Delaware corporation, owns
directly all of the stock of Penske Performance, Inc.
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________________
Roger S. Penske, a United States citizen, beneficially owns
approximately 57% of the stock of Penske Corporation. He also
owns 61,479 additional shares of the Common Stock of Penske
Motorsports, Inc., and owns beneficially 8,835 additional
shares of the Common Stock of Penske Motorsports, Inc.,
which are reported on this Schedule 13G.
The record holders of the 8,835 shares referenced above are
relatives of Roger S. Penske, which Roger S. Penske may be
deemed beneficially to own.
International Speedway Corporation, a Florida corporation,
owns directly all of the stock of Facility Investments, Inc.
The France Family Group owns approximately 55.0% of the total
of all classes of stock of International Speedway
Corporation, which represents 61.9% of the votes represented
by the total of all classes of stock of International
Speedway Corporation. The France Family Group, consists of
the living lineal descendants of William H.G. France, and
Anne B. France, some spouses of such descendants and various
entities controlled by such descendants and their spouses,
which consists of the following natural persons and other
entities: William C. France, a United States citizen; Betty
Jane France, a United States citizen; James C. France, a
United States citizen; Sharon M. France, a United States
citizen; Lesa D. Kennedy, a United States citizen; Brian Z.
France, a United States citizen; Jamison C. France, a United
States citizen; Jennifer A. France, a United States citizen;
Amy L. France, a United States citizen; Benjamin Z. Kennedy,
a United States citizen; Western Opportunity Limited
Partnership, a Nevada limited partnership; Sierra Central
Corp., a Nevada corporation; Principal Investment Company, a
Nevada corporation; White River Investment Limited
Partnership, a Nevada limited partnership; Cen Rock Corp., a
Nevada corporation; Secondary Investment Company, a Nevada
corporation; Polk City Limited Partnership, a Nevada limited
partnership; Boone County Corporation, a Nevada corporation;
Carl Investment Limited Partnership, a Nevada limited
partnership; Quaternary Investment Company, a Nevada
corporation; NASCAR, a Florida corporation; and Automotive
Research Bureau, a Florida corporation.
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________________
B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal office of Penske Corporation and
Roger S. Penske is:
13400 West Outer Drive
Detroit, MI 48239-4001
The address of the principal office of Penske Performance
Inc. and PSH Corp. is:
1100 Market Street, Suite 780
Wilmington, DE 19801
The address of the principal business office of Western
Opportunity Limited Partnership, Sierra Central Corp.,
Principal Investment Company, White River Investment Limited
Partnership, Cen Rock Corp., Secondary Investment Company,
Polk City Limited Partnership, Boone County Corporation, Carl
Investment Limited Partnership, and Quaternary Investment
Company is:
201 West Liberty Street,
Suite 102
Reno, NV 89501
The address of the principal business office of International
Speedway Corporation, Facility Investments, Inc., and the
other members of the France Family Group not listed in the
preceding paragraph is:
1801 West International Speedway Boulevard
Daytona Beach, FL 32114
C) CITIZENSHIP:
This portion of the Schedule 13G is completed by incorporating
the information contained in Item 4 of the copies of the
second part of the cover page which are incorporated herein
by reference.
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________
D) TITLE OF CLASS OF SECURITIES:
Common Stock
E) CUSIP NUMBER:
709 598 10 6
ITEM 3:
Not Applicable.
ITEM 4: OWNERSHIP
A) AMOUNT BENEFICIALLY OWNED:
7,872,189
B) PERCENT OF CLASS:
55.4%
C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
66,699
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
7,805,490
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
66,699
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
7,805,490
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________
ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable.
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
See response to Item No. 2 for persons who may be deemed to have the right to
receive or the power to direct, the receipt of dividends from or the proceeds
from the sale of 7,801,875 shares of such securities (and such interest relates
to more than five percent of such class).
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 A GROUP:
Not Applicable.
ITEM 9: NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10: CERTIFICATION:
Not Applicable.
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CUSIP NO. 709 598 10 6
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(C)
________________________________________________
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.
/s/ Roger S. Penske
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(SIGNATURE)
Roger S. Penske
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2/11/98
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DATE
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