Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Heyman Stephen J
  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)
(Last)
(First)
(Middle)
15 EAST 5TH STREET, SUITE 3200, 
3. Date of Earliest Transaction (Month/Day/Year)
03/14/2011
(Street)

TULSA, OK 74103
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 03/14/2011   S   88,000 D $ 0.25 367,608 I By Boston Avenue Capital LLC
Common Stock 03/15/2011   S   23,000 D $ 0.25 344,608 I By Boston Avenue Capital LLC
Common Stock 03/18/2011   S   6,000 D $ 0.26 338,608 I By Boston Avenue Capital LLC
Common Stock               1,122,922 I By Yorktown Avenue Capital, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Heyman Stephen J
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
Adelson James F
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
Boston Avenue Capital LLC
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
Yorktown Avenue Capital, LLC
15 EAST 5TH STREET, SUITE 3200
TULSA, OK 74103
    X    
Gillman Charles M
15 EAST 5TH STREET
SUITE 2660
TULSA, OK 74103
    X    

Signatures

 Paula L. Skidmore, Attorney-in-Fact for each of the Reporting Persons   04/12/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
 
Remarks:
This is a joint filing with Stephen J. Heyman as the designated filer. Also included in this filing are Boston Avenue Capital LLC ("Boston"), Yorktown Avenue Capital, LLC ("Yorktown"), James F. Adelson and Charles M. Gillman. Boston and Yorktown have sole direct voting and dispositive power over their respective reported securities. Messrs. Heyman and Adelson are the sole managers of Boston and Yorktown, and disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. Mr. Gillman is the sole portfolio manager for Boston and Yorktown. Mr. Gillman has the right to vote the investments held by Boston and Yorktown, and may be deemed to be the beneficial owner of the reported securities. Exhibits: Exhibit 24.1, Power of Attorney for Boston Avenue Capital LLC; Exhibit 24.2, Power of Attorney for Yorktown Avenue Capital, LLC; and Exhibit 24.3, Power of Attorney for Charles M. Gillman.

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