Amendment No. 6
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: 525,851
Item 8: 111,796
Item 9: 525,851
Item 10: 111,796
Item 11: 637,647
Item 13: 15.4%
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: 111,796
Item 8: 525,851
Item 9: 111,796
Item 10: 525,851
Item 11: 637,647
Item 13: 15.4%
Item 14: IN/00
CUSIP NO. 848907 20 1
Item 1: Reporting Person - Stuart A. Shiel
Item 2: (b) Disclaims membership in a group
Item 4: PF
Item 6: United States
Item 7: 165,463
Item 8: 0
Item 9: 165,463
Item 10: 0
Item 11: 165,463
Item 13: 4.2%
Item 14: IN
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
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Item 7: 453,960
Item 8: 0
Item 9: 453,960
Item 10: 0
Item 11: 453,960
Item 13: 11.2%
Item 14: IN/00
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Item 2. IDENTITY AND BACKGROUND
(b) Residence or Business Address
(iii) Stuart A. Shiel - 37710 Pinwood Court, Magnolia,
TX 77355
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
525,851 shares of Common Stock (147,348 of which
represents shares issuable upon the exercise of
warrants). Vincent W. Shiel, as the spouse of
Helen M. Shiel, is the beneficial owner of 111,796
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 637,647.
(ii) Helen M. Shiel, as Trustee of the Helen M. Shiel
Revocable Trust, is the beneficial owner of
111,796 shares of Common Stock (45,001 of which
represent shares issuable upon the exercise of
warrants). Helen M. Shiel, as the spouse of
Vincent W. Shiel, is the beneficial owner of the
525,851 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 637,647.
(iii) Stuart A. Shiel is the beneficial owner of 165,463
shares of Common Stock (20,000 of which represent
shares issuable upon the exercise of warrants).
(iv) 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 451,960 shares of Common Stock
(97,652 of which represent shares issuable upon
the exercise of warrants). Mr. Heyman,
individually, owns 2,000 shares of Common Stock.
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(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 525,851 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 111,796 shares of Common Stock.
(iii) Stuart A. Shiel has the sole power to vote and
dispose of 165,463 shares of Common Stock.
(iv) 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 453,960 shares of Common Stock.
Shared Power to Vote and Dispose of Common Stock
(i) Vincent W. Shiel has the shared power to vote and
dispose of 111,796 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 525,851 shares of Common Stock held
by the Vincent W. Shiel Revocable Trust.
(c) (i) As part of a registered public offering of the
common shares of the issuer that was consummated
on February 10, 1998, Vincent W. Shiel sold 46,500
common shares of the issuer at $6.50 per share and
Helen M. Shiel, Dr. Shiel's wife, sold 8,206
common shares of the issuer at $6.50 per share.
(ii) As part of a registered public offering of the
common shares of the issuer that was consummated
on February 10, 1998, Helen M. Shiel sold 8,206
shares of the issuer at $6.50 per share and
Vincent W. Shiel, Helen M. Shiel's spouse, sold
46,500 shares of the issuer at $6.50 per share.
(iii) As part of a registered public offering of the
common shares of the issuer that was consummated
on February 10, 1998, Stuart A. Shiel sold 17, 871
shares of the issuer at $6.50 per share.
(iv) As part of a registered public offering of the
common shares of the issuer that was consummated
on February 10, 1998, Ralph E. Heyman, as Trustee
under various trusts for the benefit of
Vincent W. Shiel and Helen M. Shiel and their
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children and grandchildren, sold 43,528 shares of
the issuer at $6.50 per share.
(d) None
(e) Stuart A. Shiel ceased to be the beneficial owner of more
than five percent of the Common Stock on February 10,
1998.
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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: February 24, 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: February 24, 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.
STUART A. SHIEL
Stuart A. Shiel
Date: February 24, 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: February 24, 1998
