3 His beast he felly pricked on either side,

felly > fiercely, hotly pricked > spurred

4 And his mischievous bow full ready bent,

mischievous > {Producing or intending harm} full > very, quite

5 With which at him a cruel shaft he sent:

shaft > arrow

6 But he was wary, and it warded well

he > [Arthur]

7 Upon his shield, that it no further went,

that > [so that]