Form 5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to section 16(a) of the Securities
Exchange Act 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 box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instruction 1(b)
Form 3 Holdings Reported
Form 4 Transactions Reported
1) Name and Address of Reporting Person (If the form is
filed by more than one Reporting Person, see Instruction 4(b)(v).
Borland Clifford R.
(Last) (First) (Middle)
NS Group, 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 or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year
1/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director
X Officer - President and CEO
X 10% Owner
Other
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 1 -- Non-Derivative Securities Acquired, Disposed of,
Or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date (Month/Date/Year)
3. Transaction Code (Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
Amount (A) or (D) Price
5. Amount of Securities Beneficially Owned at End of
Issuer's Fiscal Year (Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)
Stock Option (right to buy)
2. Conversion or Exercise Price of Derivative Security
$14.375
3. Transaction Date (Month/Date/Year)
1/15/98
4. Transaction Code (Instr. 8)
A
5. Number of Derivative Securities Acquired (A) or
Disposed of (D) (Instr. 3, 4 and 5)
(A) (D)
30,000
6. Date Exercisable and Expiration Date (Month/Date/Year)
Date Exercisable Expiration Date
(1) 1/15/08
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
Title Amount or Number of Shares
Common Stock 30,000 shares
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned
at End of Year (Instr. 4)
30,000
10. Ownership of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
(1) Exercisable in annual increments of 33 1/3% beginning
with the first anniversary of the date of grant.
/s/ Clifford R. Borland October 16,1998
Signature of Reporting Person Date
