SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Boston Avenue Capital

(Last) (First) (Middle)
15 EAST 5TH STREET
SUITE 3200

(Street)
TULSA OK 74103

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SCOTTS LIQUID GOLD INC [ SLGD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/27/2007 P 5,000 A $1.02 1,529,530 (1) D
Common Stock 07/30/2007 P 49,000 A $1.1124 1,578,530 (2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Boston Avenue Capital

(Last) (First) (Middle)
15 EAST 5TH STREET
SUITE 3200

(Street)
TULSA OK 74103

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Yorktown Avenue Capital, LLC

(Last) (First) (Middle)
C/O T. WAGMAN @ FREDERIC DORWART LAWYERS
124 EAST FOURTH STREET

(Street)
TULSA OK 74103

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Value Fund Advisors, LLC

(Last) (First) (Middle)
415 SOUTH BOSTON AVENUE
9TH FLOOR

(Street)
TULSA OK 74103

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Gillman Charles M

(Last) (First) (Middle)
415 SOUTH BOSTON AVE
9TH FLOOR

(Street)
TULSA OK 74103

(City) (State) (Zip)
Explanation of Responses:
1. These shares include 406,608 shares owned by Boston and 1,122,922 shares owned by Yorktown.
2. These shares include 455,608 shares owned by Boston and 1,122,922 shares owned by Yorktown.
Remarks:
This is a joint filing with Boston as the designated filer. Also, included in this filing are Yorktown; Value Fund Advisors, LLC (VFA), the manager of Yorktown and Boston; and, Charles Gillman, the manager and member of VFA. All parties reside at the same address.
Frederic Dorwart 07/31/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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