Emerson Radio Corp. – ‘3’ on 12/18/96 re: Sport Supply Group Inc.

As of:  Wednesday, 12/18/96   ·   Accession #:  32621-96-30   ·   File #:  1-10704

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Initial Statement of Beneficial Ownership of           3±     8K 
                Securities by an Insider                                         


 U.S. SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C.  20549

 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

FORM 3                                                                          

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:                                       

EMERSON RADIO CORP.                                                   
------------------------------------------------------------            
(Last)                    (First)                 (Middle)              

9 ENTIN ROAD                                                          
------------------------------------------------------------            
(Street)                                                                

PARSIPPANY               NEW JERSEY                07054                
------------------------------------------------------------            
(City)                     (State)                 (Zip)                

2.  Date of Event Requiring Statement (Month/Day/Year):                         

12/10/96                                

3.  IRS or Social Security Number of Reporting Person (Voluntary):              

22-3285224                              

4.  Issuer Name and Ticker or Trading Symbol:                                   

SPORT SUPPLY GROUP, INC. (NYSE-GYM)         

5.  Relationship of Reporting Person to Issuer (Check all applicable):          

Director                          X  10% Owner                        
-----                                -----                                      

Officer (give title below):          Other (specify below):           
-----                                -----                                      

------------------                      

6.  If Amendment, Date of Original (Month/Day/Year):                            

                                                                [Download Table]

            TABLE I - Non-Derivative Securities Beneficially Owned 



1.Title of Security    2.Amount of     3.Ownership    4.Nature of  
  (Instr. 4)             Securities      Form           Indirect   
                         Beneficially    (Direct(D)     Beneficial 
                         Owned           or             Ownership  
                         (Instr.4)       Indirect       (Instr.5)  
                                         (I)) (Instr.              
                                         5)                        
  -----------------     ------------    -------------   -----------
                                                                   
    COMMON STOCK          2,269,500          D             N/A     


      Reminder:   Report  on  a  separate line  for  each  class  of  securities
beneficially owned directly or indirectly.                                      

                                                                [Download Table]

     TABLE II - Derivative Securities Beneficially Owned (e.g., puts, calls,  
                   warrants, options, convertible securities):                



1.Title of    2.Date         3.Title      4.Conversion  5.Owner-    6.Nature  
  Derivative    Exercisable    and Amount   or Exercise   ship        of      
  Security      and            of           Price of      Form of     Indirect
  (Instr.4)     Expiration     Securities   Derivative    Deriva-     Bene-   
                Date (M/D/Y)   Underlying   Security      tive        ficial  
                               Derivative                 Security:   Owner-  
                               Security                   Direct      ship    
                               (Instr.4)                  (D) or      (Instr. 
                                                          Indirect     5)     
                                                          (I)                 
                                                          (Instr.             
                                                           5)                 
 ---------    ------------    -----------  -----------   ---------    --------
                                                                              
 WARRANTS     12/10/96--       1,000,000      $7.50         D           N/A   
              12/10/2001       SHARES OF                                      
                               COMMON                                         
                               STOCK                                          


Explanation of Responses:                                                       

EMERSON RADIO CORP.                               

By:   /s/ Eugene I. Davis            12/10/96     
-------------------------------     ----------    
**Signature of Reporting Person         Date      
EUGENE I. DAVIS, PRESIDENT                    

**Intentional  misstatements or omissions of facts constitute  Federal  Criminal
Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).