Twist/pull the old sight out with a pair of pliers.
Put the new sight in place. Drive the "funky little pin" into the bottom of the sight. It will spread the bottom of the sight to hold it in place. If you look at the bottom of the sight you'll be able to tell where to drive the pin.
Put the new sight in place. Drive the "funky little pin" into the bottom of the sight. It will spread the bottom of the sight to hold it in place. If you look at the bottom of the sight you'll be able to tell where to drive the pin.