SEC FORM 4

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^*

TRAUSCH DENNIS D

(Last)

(First)

(Middle)

C/O SPORT CHALET, INC.

ONE SPORT CHALET DRIVE

(Street)

LA CANADA

91011

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SPORT CHALET INC [ SPCH ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP - Growth and Development

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/20/2005		J⁽¹⁾		55,949	D	$0	0	D
Class B Common Stock	09/20/2005		J⁽¹⁾		13,987	A	$0	13,987	D
Class A Common Stock	09/22/2005		J⁽²⁾		97,909	A	$0	97,909	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option (right to buy)	$2.375	09/22/2005		D⁽³⁾⁽⁴⁾			17,000	⁽⁴⁾	03/01/2006	Common Stock	17,000	$0	0	D
Stock option (right to buy)	$1.19	09/22/2005		A⁽³⁾⁽⁴⁾		4,250		⁽⁴⁾	03/01/2006	Class B Common Stock	4,250	$0	4,250	D
Stock option (right to buy)	$1.19	09/22/2005		A⁽³⁾⁽⁴⁾		29,750		⁽⁴⁾	03/01/2006	Class A Common Stock	29,750	$0	29,750	D
Stock option (right to buy)	$4.75	09/22/2005		D⁽³⁾⁽⁵⁾			45,000	⁽⁵⁾	02/04/2008	Common Stock	45,000	$0	0	D
Stock option (right to buy)	$2.38	09/22/2005		A⁽³⁾⁽⁵⁾		11,250		⁽⁵⁾	02/04/2008	Class B Common Stock	11,250	$0	11,250	D
Stock option (right to buy)	$2.38	09/22/2005		A⁽³⁾⁽⁵⁾		78,750		⁽⁵⁾	02/04/2008	Class A Common Stock	78,750	$0	78,750	D
Stock option (right to buy)	$4.438	09/22/2005		D⁽³⁾⁽⁶⁾			20,000	⁽⁶⁾	04/15/2009	Common Stock	20,000	$0	0	D
Stock option (right to buy)	$2.22	09/22/2005		A⁽³⁾⁽⁶⁾		5,000		⁽⁶⁾	04/15/2009	Class B Common Stock	5,000	$0	5,000	D
Stock option (right to buy)	$2.22	09/22/2005		A⁽³⁾⁽⁶⁾		35,000		⁽⁶⁾	04/15/2009	Class A Common Stock	35,000	$0	35,000	D
Stock option (right to buy)	$4.75	09/22/2005		D⁽³⁾⁽⁷⁾			20,000	⁽⁷⁾	05/11/2010	Common Stock	20,000	$0	0	D
Stock option (right to buy)	$2.38	09/22/2005		A⁽³⁾⁽⁷⁾		5,000		⁽⁷⁾	05/11/2010	Class B Common Stock	5,000	$0	5,000	D
Stock option (right to buy)	$2.38	09/22/2005		A⁽³⁾⁽⁷⁾		35,000		⁽⁷⁾	05/11/2010	Class A Common Stock	35,000	$0	35,000	D
Stock option (right to buy)	$8.6	09/22/2005		D⁽³⁾⁽⁸⁾			23,000	⁽⁸⁾	05/11/2011	Common Stock	23,000	$0	0	D
Stock option (right to buy)	$4.3	09/22/2005		A⁽³⁾⁽⁸⁾		5,750		⁽⁸⁾	05/11/2011	Class B Common Stock	5,750	$0	5,750	D
Stock option (right to buy)	$4.3	09/22/2005		A⁽³⁾⁽⁸⁾		40,250		⁽⁸⁾	05/11/2011	Class A Common Stock	40,250	$0	40,250	D
Stock option (right to buy)	$7.27	09/22/2005		D⁽³⁾⁽⁹⁾			4,000	⁽⁹⁾	09/25/2013	Common Stock	4,000	$0	0	D
Stock option (right to buy)	$3.64	09/22/2005		A⁽³⁾⁽⁹⁾		1,000		⁽⁹⁾	09/25/2013	Class B Common Stock	1,000	$0	1,000	D
Stock option (right to buy)	$3.64	09/22/2005		A⁽³⁾⁽⁹⁾		7,000		⁽⁹⁾	09/25/2013	Class A Common Stock	7,000	$0	7,000	D
Stock option (right to buy)	$12.7	09/22/2005		D⁽³⁾⁽¹⁰⁾			12,500	⁽¹⁰⁾	08/26/2014	Common Stock	12,500	$0	0	D
Stock option (right to buy)	$6.35	09/22/2005		A⁽³⁾⁽¹⁰⁾		3,125		⁽¹⁰⁾	08/26/2014	Class B Common Stock	3,125	$0	3,125	D
Stock option (right to buy)	$6.35	09/22/2005		A⁽³⁾⁽¹⁰⁾		21,875		⁽¹⁰⁾	08/26/2014	Class A Common Stock	21,875	$0	21,875	D
Stock option (right to buy)	$6.35	09/22/2005		D⁽³⁾⁽¹¹⁾			12,500	⁽¹¹⁾	08/26/2015	Common Stock	12,500	$0	0	D
Stock option (right to buy)	$16.3	09/22/2005		A⁽³⁾⁽¹¹⁾		3,125		⁽¹¹⁾	08/26/2015	Class B Common Stock	3,125	$0	3,125	D
Stock option (right to buy)	$8.15	09/22/2005		A⁽³⁾⁽¹¹⁾		21,875		⁽¹¹⁾	08/26/2015	Class A Common Stock	21,875	$0	21,875	D

Explanation of Responses:

1. Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock ($0.01 par value) was reclassified into 0.25 of a share of Class B Common Stock ($0.01 par value) (the "Reclassification").

2. SPCH declared a dividend of seven shares of Class A Common Stock ($0.01 par value) for each share of Class B Common Stock outstanding as of September 22, 2005 (the "Dividend").

3. As a result of the Reclassification and the Dividend, (i) each SPCH option outstanding on 9/22/05 was automatically converted into two separate options, one with respect to a number of shares of Class B Common Stock equal to 0.25 times the number of existing Common Stock subject to such option, and one with respect to a number of shares of Class A Common Stock equal to 1.75 times the number of shares of existing Common Stock subject to such option and (ii) the applicable exercise price per share of each such option shall be one-half of the exercise price for the existing Common Stock. Amendment of outstanding options resulting in deemed cancellation of existing option and grant of replacement option.

4. The option was originally granted on March 1, 1996 and provides for vesting in three equal annual installments commencing on March 1, 1997.

5. The option was originally granted on February 4, 1998 and provides for vesting in three equal annual installments commencing on February 4, 1999.

6. The option was originally granted on April 15, 1999 and provides for vesting in three equal annual installments commencing on April 15, 2000.

7. The option was originally granted on May 11, 2000 and provides for vesting in three equal annual installments commencing on November 11, 2001.

8. The option was originally granted on May 11, 2001 and provides for vesting in three equal annual installments commencing on November 11, 2002.

9. The option was originally granted on September 25, 2003 and provides for vesting in three equal annual installments commencing on September 25, 2004.

10. The option was originally granted on August 26, 2004 and provides for vesting in three equal annual installments commencing on August 26, 2005.

11. The option was originally granted on June 28, 2005 and provides for vesting in five equal annual installments commencing on June 28, 2006.

	/s/ Dennis D. Trausch	09/22/2005
	** 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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