Sec Form 4 Filing - DeCata Michael G @ LAWSON PRODUCTS INC/NEW/DE/ - 2018-04-11

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
DeCata Michael G
2. Issuer Name and Ticker or Trading Symbol
LAWSON PRODUCTS INC/NEW/DE/ [ LAWS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
C/O LAWSON PRODUCTS, INC., 8770 WEST BRYN MAWR AVENUE, SUITE 900
3. Date of Earliest Transaction (MM/DD/YY)
04/11/2018
(Street)
CHICAGO, IL60631
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Restricted Stock Awards $ 0 04/11/2018 J( 1 ) 2,000 12/31/2019 12/31/2019 Common Stock 2,000 $ 0 0 D
Restricted Stock Awards ( 2 ) $ 0 04/11/2018 A( 3 ) 2,000 12/31/2019 12/31/2019 Common Stock 2,000 $ 0 2,000 D
Market Stock Units $ 0 04/11/2018 J( 1 ) 86,901 12/31/2019 12/31/2019 Common Stock 86,901 $ 0 0 D
Market Stock Units ( 4 ) $ 0 04/11/2018 A( 3 ) 86,901 12/31/2019 12/31/2019 Common Stock 86,901 $ 0 86,901 D
Restricted Stock Awards $ 0 04/11/2018 J( 1 ) 29,083 08/14/2020 08/14/2020 Common Stock 29,083 $ 0 0 D
Restricted Stock Awards ( 5 ) $ 0 04/11/2018 A( 3 ) 29,083 08/14/2020 08/14/2020 Common Stock 29,083 $ 0 29,083 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DeCata Michael G
C/O LAWSON PRODUCTS, INC.
8770 WEST BRYN MAWR AVENUE, SUITE 900
CHICAGO, IL60631
X President and CEO
Signatures
/s/ Neil E. Jenkins, Attorney-in-Fact 04/13/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These previously-granted awards have been canceled in accordance with the (i) Amendment No. 1 to Award Agreement by the between the Issuer and the Reporting Person dated as of August 14, 2017 and entered into on April 11, 2018 and (ii) Amended and Restated Restricted Stock Award Agreement entered into on April 11, 2018 between the Issuer and the Reporting Person.
( 2 )The restricted stock reported will vest on December 31, 2019 if the Reporting Person is still employed by the Issuer. The Reporting Person is required to hold 100% of the restricted stock that vests, net of taxes, until December 31, 2021.
( 3 )These awards were granted to the Reporting Person in accordance with the (i) Amended and Restated Restricted Stock Award Agreement entered into on April 11, 2018 between the Issuer and the Reporting Person; and (ii) Award Agreement entered into on April 11, 2018 between the Issuer and the Reporting Person.
( 4 )Represents the right to receive an amount of shares of common stock, up to the amount set forth in the table, based upon the performance of the Issuer's common stock from the grant date to December 31, 2019.
( 5 )Represents the right to receive shares of common stock on the exercise date in an amount equal to the number of restricted stock awards.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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