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 * GOLDSTEIN MARK E   2. Issuer Name and Ticker or Trading Symbol SCOTTS LIQUID GOLD INC [slgd] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) C.O.B., President & C.E.O. (Last) (First) (Middle) 4880 HAVANA ST 3. Date of Earliest Transaction (Month/Day/Year) 12/14/2005 (Street) DENVER, CO 80239 4. If Amendment, Date 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 (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 02/07/2006   P   10,000 A $ 0.975 388,990 D (1)   Common Stock               25,890 I (2) By Spouse Common Stock               28,890 I (2) By Minor Daughter Common Stock               28,890 I (2) By Minor Son Common Stock               18,222 I (2) By Minor Son Common Stock               111,280 I (3) By ESOP Common Stock               524,932 I (4) (5) By Partnership Common Stock               500,132 I (4) (6) By Partnership and Trust Common Stock               122,541 I (2) (4) (7) By Minor Children

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

Incentive Stock Option (right to buy)

$ 0.682

11/28/2003

11/27/2008

Common Stock

70,500

70,500

D

Incentive Stock Option (right to buy)

$ 0.594

05/04/2005

05/03/2010

Common Stock

80,000

80,000

D

Incentive Stock Option (right to buy)

$ 0.66

08/23/2005

08/22/2010

Common Stock

50,000

50,000

D

Incentive Stock Option (right to buy)

$ 1.056

12/14/2005

A

18,400

12/14/2005

12/13/2010

Common Stock

18,400

$ 0

18,400

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GOLDSTEIN MARK E 4880 HAVANA ST DENVER, CO 80239	X	X	C.O.B., President & C.E.O.

Signatures

Mark E. Goldstein		02/09/2006
**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).
(1)	Includes 51,600 shares held jointly by Mr. Goldstein and his wife.
(2)	The reporting person disclaims beneficial ownership of all shares held by spouse or minor children, and this report should not be deemed to be an admission that the reporting person is a beneficial owner of such shares for purposes of Section 16 or for any other purposes.
(3)	Shares allocated to the account of Mr. Mark E. Goldstein under an Employee Stock Ownership Plan as of December 31, 2004.
(4)	Mark Goldstein may be deemed to be a beneficial owner of shares held by the Goldstein Family Partnership, Ltd. (the "Partnership"), for which the Goldstein Family Corporation is the general partner.
(5)	These 524,932 shares are held by the Partnership and represent a portion of the total shares of common stock of Scott's Liquid Gold-Inc. (the "Company") held by the Partnership, based upon Mark E. Goldstein's and the Goldstein Family Corporation's share of any profits of the Partnership. The Goldstein Family Corporation is the sole general partner of the Partnership. The reporting person disclaims beneficial ownership, and this report shall not be deemed to be an admission that the reporting person is a beneficial owner of such shares for the purposes of Ssection 16 or for any other purposes.
(6)	These 500,132 shares are held by the Partnership and represent a portion of the total shares of the common stock of the Company held by the Partnership, based upon a share of any profits of the Partnership, held by a charitable remainder trust of which Mark E. Goldstein is the trustee and a beneficiary. The reporting person disclaims beneficial ownership of all shares held by the Partnership, and this report shall not be deemed to be an admission that the reporting person is a beneficial owner of such shares for purposes of Section 16 or for any other purposes.
(7)	These shares are held by the Partnership and represent a portion of the total shares of common stock of the Company, held by the Partnership, based upon a share of any profits of the Partnership held by Mark E. Goldstein as a custodian for minor children. The reporting person disclaims beneficial ownership of all shares held by the Partnership, and this report shall not be deemed to be an admission that the reporting person is a beneficial owner of such shares for purposes of Section 16 or for any other purposes.

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