UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
Industrial Distribution Group, Inc.
COMMON STOCK, Par Value $0.01
45061100
Lincolnshire Associates, Ltd.
c/o Pamela B. Johnson, Esq., P. O. Box 5041, Thousand Oaks, CA 91359
(818) 597-3754
November 3, 2003
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 1
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Blackfriars Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 20,000
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | -0-
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 20,000
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.22%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 2
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Portshire Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
AF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | -0-
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.00%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 3
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lincolnshire Associates, Ltd.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | -0-
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.00%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 4
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Employees' Retirement Plan of Consolidated Electrical
Distributors, Inc.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | -0-
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.00%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
EP
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 5
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
David D. Colburn
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | |
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | -0-
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| |
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.00%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 6
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Keith W. Colburn Trust
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 12,500
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 12,500
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.14%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_______________________________________________________________________________
CUSIP No. 45061100 SCHEDULE 13D Page 7
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Keith W. Colburn Retirement Plan
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 23,200
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 23,200
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,200
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.26%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
_____________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT
_____________________________________________________________________________
CUSIP NO. 45061100 13D Page 8
_____________________________________________________________________________
Amendment No. 8
INTRODUCTION
Lincolnshire Associates, Ltd., a Texas limited partnership
("Lincolnshire"), hereby files this Amendment No. 8 (the "Amendment") to the
Statement on Schedule 13D (the "Statement") on behalf of the Reporting Persons
identified in Item 2 of the Statement. The previous Filing Person was Edmundson
International, Inc., which was merged into Blackfriars Corp. on December 31,
2001, with Blackfriars Corp. surviving. Defined terms not otherwise defined
herein have the meanings ascribed thereto in the Statement.
Due to the trades reported herein, the Reporting Parties no longer own
5% or more of the Common Stock of Industrial Distribution Group, Inc., and are
no longer required to report trades.
Only those Items amended are reported herein.
Item 2. Identity and Background.
This Statement is filed to reflect changes in ownership on behalf of
Lincolnshire Associates, Ltd., a Texas limited partnership ("Lincolnshire");
Blackfriars Corp., a Delaware corporation ("Blackfriars"); Employees' Retirement
Plan of Consolidated Electrical Distributors, Inc., a defined benefit plan ("CED
Pension Plan") (collectively, the "Reporting Persons").
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended by adding the following paragraph: On October 6,
2003, CED Pension Plan sold 4,500 shares of Common Stock on the open market at a
sales price of $5.14 per share; on October 7, 2003, CED Pension Plan sold 75,000
shares of Common Stock on the open market at a sales price of $5.17 per shares;
on October 9, 2003, CED Pension Plan sold 9,000 shares of Common Stock on the
open market at a sales price of $6.35 per share; on October 14, 2003, CED
Pension Plan sold 36,000 shares of Common Stock on the open market at a sales
price of $6.31 per share; on October 14, 2003, Lincolnshire sold 60,000 shares
of Common Stock on the open market at a sales price of $6.31 per share; on
October 14, 2003, Blackfriars sold 79,700 shares of Common Stock on the open
market at a sales price of $6.31 per share; on October 15, 2003, Blackfriars
sold 77,500 shares of Common Stock on the open market at a sales price of $6.11
per share; on October 16, 2003, Blackfriars sold 176,300 shares of Common Stock
on the open market at a sales price of $5.77 per share; on October 17, 2003,
Blackfriars sold 57,000 shares of Common Stock on the open market at a sales
price of $5.58 per share; on October 20, 2003, Blackfriars sold 24,300 shares of
Common Stock on the open market at a sales price of $5.65 per share; on October
21, 2003, Blackfriars sold 126,000 shares of Common Stock on the open market at
a sales price of $5.07 per share; on October 22, 2003, Blackfriars sold 106,900
shares of Common Stock on the open market at a sales price of $5.18 per share;
on October 23, 2003, Blackfriars sold 110,000 shares of Common Stock on the open
market at a sales price of $5.06 per share; on October 24, 2003, Blackfriars
sold 101,400 shares of Common Stock on the open market at a sales price of $5.00
per share; on October 27, 2003, Blackfriars sold 68,900 shares of Common Stock
on the open market at a sales price of $5.01 per share; on October 28, 2003,
Blackfriars sold 8,200 shares of Common Stock on the open market at a sales
price of $5.00 per share; on October 29, 2003, Blackfriars sold 62,700 shares of
Common Stock on the open market at a sales price of $5.15 per share; on October
30, 2003, Blackfriars sold 112,900 shares of Common Stock on the open market at
a sales price of $5.19 per share; on October 31, 2003, Blackfriars sold 19,700
shares of Common Stock on the open market at a sales price of $5.12 per share;
and on November 3, 2003, Blackfriars sold 24,700 shares of Common Stock on the
open market at a sales price of $5.03 per share. The total funds acquired by
these sales were $7,238,114 (inclusive of broker commissions). A table
identifying each purchase is included in Item 5(c) of this Amendment.
_____________________________________________________________________________
CUSIP NO. 45061100 13D Page 9
_____________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated as follows:
(a) and (b). The aggregate number of shares and percentage of Common
Stock of the Issuer (based upon the Issuer's report on Form 10Q that it had
9,041,379 shares of Common Stock outstanding as of September 30, 2003)
beneficially owned by each person named in Item 2, as well as the number of
shares of Common Stock as to which such person is deemed to have sole power to
vote or to direct the vote, shared power to vote or to direct the vote, sole
power to dispose or to direct the disposition, or shared power to dispose or
direct the disposition, is set forth in the following table:
No. of
Shares
Benef. Percentage Power to Vote Power to Dispose
Reporting Person Owned of Class Shared Sole Shared Sole
---------------------------------------------------------------------------------------------------------
Blackfriars 20,000 .22% 20,000 20,000
---------------------------------------------------------------------------------------------------------
Lincolnshire 0 0.00% 0 0
---------------------------------------------------------------------------------------------------------
Portshire Corp. 0 0.00% 0(1) 0
---------------------------------------------------------------------------------------------------------
CED Pension Plan 0 0.00% 0 0
---------------------------------------------------------------------------------------------------------
D. Colburn 0 0.00% 0 0
---------------------------------------------------------------------------------------------------------
Colburn Trust 12,500 .14% 12,500 12,500
---------------------------------------------------------------------------------------------------------
Colburn Keogh 23,200 .26% 23,200 23,200
---------------------------------------------------------------------------------------------------------
The aggregate number of shares owned by the Reporting Persons is
55,700, or .62%, of the issued and outstanding shares of Common Stock.
The information required by Item 5 with respect to persons with whom
voting or dispositive power is shared is set forth in Item 2.
(c) To the best knowledge of the Reporting Persons, no person described
in paragraph (a) of this Item 5 has effected any transaction in the Common Stock
of the Issuer during the past 60 days other than as set forth in the table
below:
_____________________________________________________________________________
CUSIP NO. 45061100 13D Page 10
_____________________________________________________________________________
DATE PURCHASER NO. SHARES TOTAL REC. ($)
------------------------------------------------------------------------------------------------
10/06/03 CED Pension Plan 4,500 22,890
------------------------------------------------------------------------------------------------
10/07/03 CED Pension Plan 75,500 386,583
------------------------------------------------------------------------------------------------
10/09/03 CED Pension Plan 9,000 56,700
------------------------------------------------------------------------------------------------
10/14/03 CED Pension Plan 36,000 225,497
------------------------------------------------------------------------------------------------
10/14/03 Lincolnshire 60,000 375,828
------------------------------------------------------------------------------------------------
10/14/03 Blackfriars 79,700 499,225
------------------------------------------------------------------------------------------------
10/15/03 Blackfriars 77,500 469,952
------------------------------------------------------------------------------------------------
10/16/03 Blackfriars 176,300 1,009,670
------------------------------------------------------------------------------------------------
10/17/03 Blackfriars 57,000 315,187
------------------------------------------------------------------------------------------------
10/20/03 Blackfriars 24,300 136,150
------------------------------------------------------------------------------------------------
10/21/03 Blackfriars 126,000 632,331
------------------------------------------------------------------------------------------------
10/22/03 Blackfriars 106,900 548,322
------------------------------------------------------------------------------------------------
10/23/03 Blackfriars 110,000 551,045
------------------------------------------------------------------------------------------------
10/24/03 Blackfriars 101,400 501,981
------------------------------------------------------------------------------------------------
10/27/03 Blackfriars 68,900 341,937
------------------------------------------------------------------------------------------------
10/28/03 Blackfriars 8,200 40,590
------------------------------------------------------------------------------------------------
10/29/03 Blackfriars 62,700 319,507
------------------------------------------------------------------------------------------------
10/30/03 Blackfriars 112,900 580,577
------------------------------------------------------------------------------------------------
10/31/03 Blackfriars 19,700 99,901
------------------------------------------------------------------------------------------------
11/03/03 Blackfriars 24,700 124,241
------------------------------------------------------------------------------------------------
TOTAL 1,341,200 $7,238,114
---------
------------------------------------------------------------------------------------------------
To the best knowledge of the Reporting Persons, no person other than
the Reporting Persons and their equity owners has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Common Stock of the Issuer.
(e) Not applicable.
_____________________________________________________________________________
CUSIP NO. 45061100 13D Page 11
_____________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The first paragraph of Item 6 is amended and restated to read as
follows:
Blackfriars (formerly EII) beneficially owns 20,000 shares of Common
Stock. Portshire Corp., the general partner of Lincolnshire, is a wholly owned
subsidiary of Blackfriars. Lincolnshire beneficially owns 0 shares of Common
Stock. CED Pension Plan beneficially owns 0 shares of Common Stock. D. Colburn
beneficially owns 0 shares of Common Stock. The Colburn Trust beneficially owns
12,500 shares of Common Stock. The Colburn KEOGH beneficially owns 23,200 shares
of Common Stock. Keith W. Colburn is the Trustee of the Colburn Trust and the
beneficiary of the Colburn KEOGH.
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 3, 2003
Lincolnshire Associates, Ltd.
By Its General Partner,
Portshire Corp.
By /s/ David T. Bradford
----------------------
Its Vice President
--------------------