FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of 1934, Section 17(a)
of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
____ 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
Mehalko Jack W.
(Last) (First) (Middle)
NS Goup,Inc. Ninth and Lowell Streets
(Street)
Newport KY 41072
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NS Group, Inc. (NSS)
3. IRS Number of Reporting Person, if an Entity
(Voluntary)
4. Statement for Month/Year
11/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director
X Officer (Vice President and Secretary)
10% Owner
Other (specify)
7. 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)
a)Common Stock
b)Common Stock
c)Common Stock
d)Common Stock
e)Common stock
f)Common Stock
g)Common Stock
h)Common Stock
i)Common Stock
j)Common Stock
k)Common Stock
l)Common Stock
m)Common Stock
2. Transaction Date (Month/Day/Year)
a)11/11/97
b)11/11/97
c)11/11/97
d)11/11/97
e)11/13/97
f)11/13/97
g)11/13/97
h)11/13/97
i)11/13/97
j)11/13/97
k)11/13/97
l)11/13/97
m)11/13/97
3. Transaction Code (Instr. 8)
Code V
a)S
b)S
c)S
d)S
e)M
f)M
g)M
h)M
i)F
j)S
k)S
l)I V
m)I V
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
Amount (A) or (D) Price
a)3000 D $24.625
b)2000 D $24.375
c)1500 D $24.25
d)13500 D $24.125
e)6000 A $7.40
f)4160 A $3.75
g)2684 A $7.25
h)8800 A $4.375
i)11256 D $21.25
j)1000 D $19.375
k)9000 D $19.25
l)167 D $20.25
m)7382 D $20.25
5. Amount of Securities Beneficially Owned at End of
Month (Instr. 3 and 4)
k)33388
l)0
m)0
6. Ownership Form: Direct (D) or Indirect (I)
(Inst.4)
k)D
l)I
m)I
7. Nature of Indirect Beneficial Ownership (Instr. 4)
l) By Newport Steel Corporation Salaried Profit
Sharing Plan Trust
m)By NS Group, Inc. Salaried Flexible Compensation Plan
Trust
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)
a)Employee stock option (right to buy)
b)Employee stock option (right to buy)
c)Employee stock option (right to buy)
d)Employee stock option (right to buy)
2. Conversion or Exercise of Price of Derivative Security
a)$7.40
b)$3.75
c)$7.25
d)$4.375
3. Transaction Date (Month/Date/Year)
a)11/13/97
b)11/13/97
c)11/13/97
d)11/13/97
4. Transaction Code (Instr. 8)
a)M
b)M
c)M
d)M
5. Number of Derivative Securities Acquired (A) or
Disposed (D) (Instr. 3,4, and 5)
a)6000 D
b)4160 D
c)2684 D
d)8800 D
6. Date Exercisable and Expiration Date
(Month/Date/Year)
Date Exercisable Expiration Date
a)Note 1 12/3/00
b)Note 1 2/18/03
c)Note 1 12/1/03
d)Note 2 3/1/05
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
Title Amount or Number of Shares
a)Common Stock 6000
b)Common Stock 4160
c)Common Stock 2684
d)Common Stock 8800
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially
Owned at End of Month (Instr. 4)
a)1500
b)6240
c)10736
d)4400
10. Ownership Form of Derivative Security: Direct (D)
or Indirect (I) (Instr. 4)
a)D
b)D
c)D
d)D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
/s/Jack W. Mehalko 12/8/97
Signature of Reporting Person Date
Explanation of Responses:
Note 1: Exercisable in annual increments of 20% beginning
three years after date of grant.
Note 2: Exercisable in annual increments of 33 1/3%
beginning with the first anniversary of the date of grant.
