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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
ATTENTION: TRANSMIT FOR FILING 3 COPIES OF THIS FORM CONCURRENTLY WITH EITHER PLACING AN ORDER
WITH A BROKER TO EXECUTE SALE OR EXECUTING A SALE DIRECTLY WITH A MARKET MAKER.
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1(a) NAME OF ISSUER (PLEASE TYPE OR PRINT) (b) IRS IDENT. NO. (c) S.E.C. FILE NO.
Michaels Stores, Inc. 75-1943604
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1(d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE (e) TELEPHONE NO.
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AREA CODE NUMBER
8000 Bent Branch Drive Irving Texas 75063 972 409-1300
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2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE (b) SOCIAL SECURITY NO. OR (c) RELATIONSHIP (d) ADDRESS CITY STATE ZIP CODE
STREET SECURITIES ARE TO BE SOLD IRS IDENT. NO. TO ISSUER
Maverick Entrepreneurs Fund, Ltd. 75-6465916 Officer and 300 Crescent Court, Suite 1000
Sam Wyly and Charles J. Wyly, Jr., Director Dallas, Texas 75201
General Partners
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INSTRUCTION: THE PERSON FILING THIS NOTICE SHOULD CONTACT THE ISSUER TO OBTAIN THE I.R.S. IDENTIFICATION NUMBER
AND THE S.E.C. FILE NUMBER.
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3(a) (b) SEC USE ONLY (c) (d) (e) (f) (g)
TITLE OF NAME AND ADDRESS OF ------------ NUMBER OF AGGREGATE NUMBER OF APPROXIMATE NAME OF
THE CLASS EACH BROKER THROUGH SHARES OR MARKET SHARES OR DATE OF SALE EACH
OF SECURITIES WHOM THE SECURITIES BROKER-DEALER OTHER UNITS VALUE OTHER UNITS (SEE INSTR. SECURITIES
TO BE SOLD ARE TO BE OFFERED OR FILE NUMBER TO BE SOLD (SEE INSTR. OUTSTANDING 3(f)) EXCHANGE
EACH MARKET MAKER (SEE INSTR. 3(d)) (SEE INSTR. (MO. DAY. YR.) (SEE INSTR.
WHO IS ACQUIRING THE 3(c)) 3(e)) 3(g))
SECURITIES
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Common Lehman Brothers 200,000 $4,625,000 28,871,000 1/21/98- NASDAQ
2200 Ross Ave., #2500 2/10/98
Dallas, Texas 75201
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INSTRUCTIONS:
1. (a) Name of issuer. 3. (a) Title of the class of securities to be sold.
(b) Issuer's I.R.S. Identification Number. (b) Name and address of each broker through whom the securities
(c) Issuer's S.E.C. file number, if any. are intended to be sold.
(d) Issuer's address, including zip code. (c) Number of shares or other units to be sold (if debt securities,
(e) Issuer's telephone number, including area code. give the aggregate face amount).
(d) Aggregate market value of the securities to be sold as of a
2. (a) Name of person for whose account the securities specified date within 10 days prior to the filing of this notice.
are to be sold. (e) Number of shares or other units of the class outstanding, or if
(b) Such person's Social Security or I.R.S. debt securities the face amount thereof outstanding, as shown by
identification number. the most recent report or statement published by the issuer.
(c) Such person's relationship to the issuer, (f) Approximate date on which the securities are to be sold.
(E.G., officer, director, 10 percent stockholder, (g) Name of each securities exchange, if any, on which the
or member of immediate family of any of the securities are intended to be sold.
foregoing).
(d) Such person's address, including zip code.
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TABLE I -- SECURITIES TO BE SOLD
FURNISH THE FOLLOWING INFORMATION WITH RESPECT TO THE ACQUISITION OF THE SECURITIES TO BE SOLD
AND WITH RESPECT TO THE PAYMENT OF ALL OR ANY PART OF THE PURCHASE PRICE OR OTHER CONSIDERATION THEREFOR:
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NAME OF PERSON FROM WHOM AMOUNT OF
TITLE OF DATE YOU NATURE OF ACQUISITION ACQUIRED (IF GIFT, ALSO SECURITIES DATE OF NATURE OF
THE CLASS ACQUIRED TRANSACTION GIVE DATE DONOR ACQUIRED) ACQUIRED PAYMENT PAYMENT
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Common 5/11/94 Open Market Purchase N/A 100,000 5/11/94 Cash, Personal
Funds
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Common 11/1/96 Open Market Purchase N/A 100,000 11/1/96 Cash, Personal
Funds
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INSTRUCTIONS: 1. If the securities were purchased and full 2. If within two years after the acquisition of the
payment therefor was not made in cash at securities the person for whose account they are to be
the time of purchase, explain in the table sold had any short positions, put or other option to
or in a note thereto the nature of the dispose of securities referred to in paragraph (d)(3)
consideration given. If the consideration of Rule 144, furnish full information with respect
consisted of any note or other obligation, thereto.
or if payment was made in installments
describe the arrangement and state when the
note or other obligation was discharged in
full or the last installment paid.
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TABLE II -- SECURITIES SOLD DURING THE PAST THREE MONTHS
FURNISH THE FOLLOWING INFORMATION AS TO ALL SECURITIES OF THE ISSUER SOLD DURING THE PAST THREE MONTHS
BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD.
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AMOUNT OF
NAME AND ADDRESS OF SELLER TITLE OF SECURITIES SOLD DATE OF SALE SECURITIES SOLD GROSS PROCEEDS
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None
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REMARKS:
The proceeds of the securities being sold by the reporting person will be used to retire a loan to such person by Lehman Brothers
Finance, S.A. ("LBF") entered into simultaneously with long put and short call transactions with LBF in 1995. The put and call
transactions are also being terminated in connection with these sales.
INSTRUCTIONS: ATTENTION:
See the definition of "person" in paragraph (a) of Rule 144. THE PERSON FOR WHOSE ACCOUNT THE SECURITIES TO WHICH THIS NOTICE
Information is to be given not only as to the person for whose RELATES ARE TO BE SOLD HEREBY REPRESENTS BY SIGNING THIS NOTICE
account the securities are to be sold but also as to all other THAT HE DOES NOT KNOW ANY MATERIAL ADVERSE INFORMATION IN REGARD
persons included in that definition. In addition, information TO THE CURRENT AND PROSPECTIVE OPERATIONS OF THE ISSUER OF THE
shall be given as to sales by all persons whose sales are SECURITIES TO BE SOLD WHICH HAS NOT BEEN PUBLICLY DISCLOSED.
required by paragraph (e) of Rule 144 to be aggregated with
sales for the account of the person filing this notice.
1/20/98 /s/ Charles J. Wyly, Jr., General Partner
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(DATE OF NOTICE) (SIGNATURE)
THE NOTICE SHALL BE SIGNED BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD.
AT LEAST ONE COPY OF THE NOTICE SHALL BE MANUALLY SIGNED.
ANY COPIES NOT MANUALLY SIGNED SHALL BEAR TYPED OR PRINTED SIGNATURES.
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ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS. (SEE 18 U.S.C. 1001.)
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SEC 1147 (7-97)
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