Amendment No. 7
The Sportsman's Guide, Inc.
Common Stock, $.01 par value
CUSIP Number 848907 20 1
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CUSIP No. 848907 20 1
Item 1: Reporting Person - Vincent W. Shiel/The Amended
Vincent W. Shiel Revocable Trust
dated January 18, 1989
Item 2: (b) Disclaims membership in a group
Item 4: PF
Item 6: United States
Item 7: 470,051
Item 8: 101,949
Item 9: 470,051
Item 10: 101,949
Item 11: 572,000
Item 13: 12.2%
Item 14: IN/00
CUSIP NO. 848907 20 1
Item 1: Reporting Person - Helen M. Shiel/The Helen M. Shiel
Revocable Trust dated January 23,
1989
Item 2: (b) Disclaims membership in a group
Item 4: PF
Item 6: United States
Item 7: 101,949
Item 8: 470,051
Item 9: 101,949
Item 10: 470,051
Item 11: 572,000
Item 13: 12.2%
Item 14: IN/00
CUSIP NO. 848907 20 1
Item 1: Reporting Person - Ralph E. Heyman, individually, and
as trustee under various trusts for
the benefit of Vincent W. Shiel and
Helen M. Shiel and their children
and grandchildren
Item 2: (b) Disclaims membership in a group
Item 4: PF/00
Item 6: United States
Item 7: 401,725
Item 8: 0
Item 9: 401,725
Item 10: 0
Item 11: 401,725
Item 13: 8.6%
Item 14: IN/00
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Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Pursuant to Rule 13d-4, each person filing hereunder
expressly declares that the filing of this statement
shall not be construed as an admission that he or she is
the beneficial owner of any securities covered by this
statement other than as follows:
(i) Vincent W. Shiel, as Trustee of the Vincent W.
Shiel Revocable Trust, is the beneficial owner of
470,051 shares of Common Stock. Vincent W. Shiel,
as the spouse of Helen M. Shiel, is the beneficial
owner of 101,949 shares of Common Stock which are
held in the name of Helen M. Shiel, as Trustee of
the Helen M. Shiel Revocable Trust. Therefore,
the aggregate amount of shares of Common Stock
beneficially owned by Vincent W. Shiel is 572,000.
(ii) Helen M. Shiel, as Trustee of the Helen M. Shiel
Revocable Trust, is the beneficial owner of
101,949 shares of Common Stock. Helen M. Shiel,
as the spouse of Vincent W. Shiel, is the
beneficial owner of the 470,051 shares of Common
Stock which are held in the name of Vincent W.
Shiel, as Trustee of the Vincent W. Shiel
Revocable Trust. Therefore, the aggregate amount
of shares of Common Stock beneficially owned by
Helen M. Shiel is 572,000.
(iii) Ralph E. Heyman, as Trustee under various trusts
for the benefit of Vincent W. Shiel and Helen M.
Shiel and their children and grandchildren, is the
beneficial owner of 399,725 shares of Common
Stock. Mr. Heyman, individually, owns 2,000
shares of Common Stock.
(b) Sole Power to Vote and Dispose of Common Stock
(i) Vincent W. Shiel, as Trustee under the Vincent W.
Shiel Revocable Trust, has the sole power to vote
and dispose of 470,051 shares of Common Stock.
(ii) Helen M. Shiel, as Trustee under the Helen M.
Shiel Revocable Trust, has sole power to vote and
dispose of 101,949 shares of Common Stock.
(iii) Ralph E. Heyman, individually, and as Trustee
under various trusts for the benefit of Vincent W.
Shiel and Helen M. Shiel and their children and
grandchildren, has sole power to vote and dispose
of 401,725 shares of Common Stock.
Shared Power to Vote and Dispose of Common Stock
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(i) Vincent W. Shiel has the shared power to vote and
dispose of 101,949 shares of Common Stock held by
the Helen M. Shiel Revocable Trust.
(ii) Helen M. Shiel has the shared power to vote and
dispose of the 470,051 shares of Common Stock held
by the Vincent W. Shiel Revocable Trust.
(c) (i) As part of the exercise of the underwriter's
overallotment option in a registered public
offering of the common shares of the issuer that
was consummated on March 13, 1998, Vincent W.
Shiel sold 55,800 common shares of the issuer at
$6.50 per share and Helen M. Shiel, Dr. Shiel's
wife, sold 9,847 common shares of the issuer at
$6.50 per share.
(ii) As part of the exercise of the underwriter's
overallotment option in a registered public
offering of the common shares of the issuer that
was consummated on March 13, 1998, Helen M. Shiel
sold 9,847 shares of the issuer at $6.50 per share
and Vincent W. Shiel, Helen M. Shiel's spouse,
sold 55,800 shares of the issuer at $6.50 per
share.
(iii) As part of the exercise of the underwriter's
overallotment option in a registered public
offering of the common shares of the issuer that
was consummated on March 13, 1998, Ralph E.
Heyman, as Trustee under various trusts for the
benefit of Vincent W. Shiel and Helen M. Shiel and
their children and grandchildren, sold 52,235
shares of the issuer at $6.50 per share.
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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.
VINCENT W. SHIEL
Vincent W. Shiel
Date: March 20, 1998
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.
HELEN M. SHIEL
Helen M. Shiel
Date: March 20, 1998
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.
RALPH E. HEYMAN
Ralph E. Heyman
Date: March 20, 1998
