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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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) |
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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 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, IL 60631 |
X | President and CEO |
/s/ Neil E. Jenkins, Attorney-in-Fact | 04/13/2018 | |
**Signature of Reporting Person | Date |
* | 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) | 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. |