SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KENNEDY LESA D

(Last)

(First)

(Middle)

1801 WEST INTERNATIONAL SPEEDWAY BLVD.

(Street)

DAYTONA BEACH

32114

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL SPEEDWAY CORP [ ISCA, ISCB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)	X	Other (specify below)
	President, Group Member		President, Group Member

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	05/09/2007		G⁽¹⁾		2,010	A	$0	253,780.78	I	As custodian for child / Western Oppty
Class B Common Stock	05/09/2007		G⁽¹⁾		2,010	D	$0	17,386,358.82	I	By Remainder of France Family Group
Class B Common Stock	05/09/2007		G⁽¹⁾		1,005	A	$0	3,132.55	I	By Western Opportunity
Class B Common Stock	05/09/2007		G⁽¹⁾		1,005	D	$0	2,127.55	I	By Western Opportunity
Class A Common Stock								34,604	D
Class A Common Stock								100.84	I	As Custodian for child / BBL Ltd P/S
Class A Common Stock								1,796.66	I	By BBL Limited P/S
Class A Common Stock								38.5	I	By BBL Ltd P/S / BBL Company
Class A Common Stock								104,347	I	By Remainder of France Family Group
Class A Common Stock								1,500	I	By Spouse as custodian for child
Class B Common Stock								39,405	D
Class B Common Stock								17,914.8	I	As Custodian for child / BBL Ltd P/S
Class B Common Stock								322,621.71	I	By BBL Limited P/S
Class B Common Stock								6,840.5	I	By BBL Ltd P/S / BBL Company
Class B Common Stock								22,194.1	I	By WCF Family I, Inc thru Western Oppty
Class B Common Stock								26,661.67	I	By WCF Family I, Inc.
Class B Common Stock								1,500	I	Joint with Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
07/01/2005 Options to Acquire ISCA	$57.01							07/01/2006	07/01/2015	Class A Common Stock	758		758	I	By Remainder of France Family Group
07/01/2006 Options to Acquire ISCA	$46.37							07/01/2007	07/01/2016	Class A Common Stock	926		926	I	By Remainder of France Family Group

Explanation of Responses:

1. Effect of gifts of Limited Partnership interests in Western Opportunity Limited Partnership among members of the France Family Group. Results in no change in the total number of shares owned by the France Family Group.

Remarks:

	By: Glenn R. Padgett as attorney in fact for	05/10/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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