U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person
H.W. MARKWARDT
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(Last) (First) (Middle)
2900 W. Seminary Drive
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(Street)
Fort Worth, Texas 76133
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) May 22, 1996
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol The Leather Factory, Inc. "TLF"
5. Relationship of Reporting Person to Issuer (check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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<TABLE>
<CAPTION>
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
Beneficially Owned Direct(D) or Indirect(I) Ownership
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<S> <C> <C> <C>
Common Stock, par 12,300 D
value $0.0024
</TABLE>
<PAGE>
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<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G. PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative 2. Date Excercisable 3. Title and Amount 4. Conversion 5. Ownership 6. Nature of
Security and Expiration Date of Securities or Excercise Form of Indirect
(M/D/Y) Underlying Price of Derivative Beneficial
Derivative Derivative Security: Ownership
Security Security Direct(D)or
Indirect(I)
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Date Expiration Title Amount or
Excercisable Date Number of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Non-qualified option 11/22/96 5/22/06 common stock 2000 2.0625 D
to acquire 2000 shares
of common stock, par
value $0.0024
</TABLE>
/s/ H.W. Markwardt 6/1/96
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Signature of Reporting Person Date
