UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Sport Chalet, Inc.
(Name of Issuer)
Common Stock ($.01 Par Value)
(Title of Class of Securities)
849163100
(CUSIP Number)
Check the following box if a fee is being paid with this statement . (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with
respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).<PAGE>
__________________________________________
CUSIP No. 8491631000 13G Page 2 of 8 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norbert J. Olberz
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH<PAGE>
5 SOLE VOTING POWER
<PAGE>
6 SHARED VOTING POWER
4,666,242 Shares by Self and Spouse as
Trustees of the Olberz Family Trust<PAGE>
7 SOLE DISPOSITIVE POWER
<PAGE>
8 SHARED DISPOSITIVE POWER
4,666,242 Shares by Self and Spouse as
Trustees of the Olberz Family Trust
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,666,242
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
71.8%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!<PAGE>
INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page
(1) Names and Social Security Numbers of Reporting Persons Furnish the full
legal name of each person for whom the report is filed-i.e., each person
required to sign the schedule itself-including each member of a group. Do
not include the name of a person required to be identified in the report but
who is not a reporting person. Reporting persons are
also requested to furnish their Social Security or I.R.S. identification
numbers, although disclosure of such numbers is voluntary, not mandatory
(see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G," below).
(2) If any of the shares beneficially owned by a reporting person are held as
a member of a group and such membership is expressly affirmed, please check
row 2(a). If the membership in a group is disclaimed or the reporting person
describes a relationship with other persons but does not affirm the existence of
a group, please check row 2(b) [unless a joint filing pursuant to Rule
13d-1(e)(1) in which case it may not be necessary to check row 2(b)].
(3) The third row is for SEC internal use; please leave blank.
(4) Citizenship or Place of Organization-Furnish citizenship if the named
reporting person is a natural person. Otherwise, furnish place of
organization.
(5)-(9), (11) Aggregate Amount Beneficially Owned by Each Reporting Person,
Etc.-Rows (5) through (9) inclusive, and (11) are to be completed in
accordance with the provisions of Item 4 of Schedule 13G. All percentages
are to be rounded off to the nearest tenth (one place after decimal point).
(10)Check if the aggregate amount reported as beneficially owned in row
(9) does not include shares as to which beneficial ownership is disclaimed
pursuant to Rule 13(d)-4 [17 CFR 240.13d-4] under the Securities Exchange
Act of 1934.
(12)Type of Reporting Person-Please classify each "reporting person"
according to the following breakdown (see Item 3
of Schedule 13G) and place the appropriate symbol on the form:
Category Symbol
Broker Dealer BD
Bank BK
Insurance Company IC
Investment Company IV
Investment Adviser IA
Employee Benefit Plan, Pension Fund
or Endowment Fund EP
Parent Holding Company HC
Corporation CO
Partnership PN
Individual IN
Other OO
Notes:
Attach as many copies of the second part of the cover page as are needed,
one reporting person per page. Filing persons may, in order to avoid
unnecessary duplication, answer items on the schedules (Schedule 13D, 13G or
14D-1) by appropriate cross references to an item or items on the cover
page(s)). This approach may only be used where the cover page item or items
provide all the disclosure required by the schedule item. Moreover, such use of
a cover page item will result in the item becoming a part of the schedule and
accordingly being considered as "filed" for purposes of Section 18
of the Securities Exchange Act or otherwise subject to the liabilities of that
section of the Act.
Reporting persons may comply with their cover page filing requirements by
filing either completed copies of the blank forms available from the Commission,
printed or typed facsimiles, or computer printed facsimiles, provided the
documents filed have identical formats to the forms prescribed in the
Commission's regulations and meet existing Securities Exchange Act
rules as to such matter as clarity and size (Securities Exchange Act Rule
12b-12).
SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934 and
the rules and regulations thereunder, the Commission is authorized to solicit
the information required to be supplied by this schedule by certain security
holders of certain issuers.
Disclosure of the information specified in this schedule is mandatory, except
for Social Security or I.R.S. identification numbers, disclosure of which is
voluntary. The information will be used for the primary purpose of
determining and disclosing the holdings of certain beneficial owners of certain
equity securities. This statement will be made a matter of public record.
Therefore, any information given will be available for inspection by any
member of the public.
Because of the public nature of the information, the Commission can utilize it
for a variety of purposes, including referral to other governmental authorities
or securities self-regulatory organizations for investigatory purposes or in
connection with litigation involving the Federal securities laws or other
civil, criminal or regulatory statutes or provisions. Social Security or
I.R.S. identification numbers, if furnished, will assist the Commission in
identifying security holders and, therefore, in prompt-
ly processing statements of beneficial ownership of securities.
Failure to disclose the information requested by this schedule, except for
Social Security or I.R.S. identification numbers,
may result in civil or criminal action against the persons involved for
violation of the Federal securities laws and rules promulgated thereunder.
GENERAL INSTRUCTIONS
A.Statements containing the information required by this schedule shall be
filed not later than February 14 following the calendar year covered by the
statement or within the time specified in Rule 13d-1(b)(2), if applicable.
B.Information contained in a form which is required to be filed by rules
under section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that
covered by a statement on this schedule may be incorporated by reference in
response to any of the items of this schedule. If such information is
incorporated by reference in this schedule, copies of the relevant pages of
such form shall be filed as an exhibit to this schedule.
C.The item numbers and captions of the items shall be included but the text
of the items is to be omitted. The answers to the items shall be so prepared as
to indicate clearly the coverage of the items without referring to the text
of the items.
Answer every item. If an item is applicable or the answer is in the negative,
so state.
Item 1.
(a) Name of Issurer SPORT CHALET, INC.
(b) Address of Issuer's Principal Executive Offices920 Foothill Boulevard
La Canada, California 91011
Item 2.
(a) Name of Person FilingNorbert J. Olberz
(b) Address of Principal Business Office or, if none, Residence
920 Foothill Boulevard
La Canada, California 91011
(c) CitizenshipUnited States
(d) Title of Class of SecuritiesCommon Stock
(e) CUSIP Number 849163100.
Item 3. If this statement is filed purusant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) Broker or Dealer registered under Section 15 of the Act
(b) Bank as defined in section 3(a)(6) of the Act
(c) Insurance Company as defined in section 3(a)(19) of the Act
(d) Investment Company registered under section 8 of the Investment
Company Act
(e) Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Not Applicable
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date
and identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned4,666,242 Shares by Self and Spouse as Trustees
of the Olberz Family Trust
(b) Percent of Class71.8%<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the voteN/A
(ii)shared power to vote or to direct the vote4,666,242
(iii)sole power to dispose or to direct the disposition ofN/A
(iv)shared power to dispose or to direct the disposition of4,666,242
Instruction: For computations regarding securities which represent a right
to acquire an underlying security see Rule 13d-
3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following .
Instruction: Dissolution of a group requires a response to this item.Not
Applicable
Item 6: Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should be included in response
to this item and, if such interest relates to more than five percent of the
class, such person should be identified. A listing of the shareholders of
an investment company registered under the Investment Company Act of 1940 or
the beneficiaries of employee benefit plan, pension fund or endowment fund
is not required.
Not Applicable
Item 7.Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent
Holding Company
If a parent holding company has filed this schedule, pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach
an exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company has filed
this schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identification of the relevant subsidiary.
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating
the identity and Item 3 classification of each member of the group. If a group
has filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identify of each member of the group.
Not Applicable
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings
with respect to transactions in the security reported on will be filed, if
required, by members of the group, in their individual
capacity. See Item 5.
Not Applicable
Item 10. Certification
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in
the ordinary course of business and were not acquired for the purpose of and do
not have the effect of changing or influencing
the control of the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
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.
February 10, 1998
Date
___________/S/_________________
Signature
__________Norbert J. Olberz, an individual
Name/Title<PAGE>
The original statement shall be signed by each person on whose behalf the
statement is field or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general
partner of the filing person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement, provided,
however, that a power of attorney for this purpose which is already on file
with the Commission may be incorporated by reference. The name and any title of
each person who signs the statement shall be typed or printed
beneath his signature.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)<PAGE>
<PAGE>
