SEC FORM 3/A SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
KDI CAPITAL PARTNERS LLC

(Last) (First) (Middle)
4101 LAKE BOONE TRAIL
SUITE 218

(Street)
RALEIGH NC 27607

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/02/2014
3. Issuer Name and Ticker or Trading Symbol
LAWSON PRODUCTS INC/NEW/DE/ [ LAWS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
09/12/2014
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 16,542 D(1)(2)(3)(4)(5)
Common Stock 34,181 D(1)(2)(3)(6)
Common Stock 3,984 D(1)(2)(3)(7)
Common Stock 4 I See Footnotes(1)(2)(3)(4)(8)
Common Stock 445 I See Footnotes(1)(2)(3)(4)(9)
Common Stock 106 I See Footnotes(1)(2)(3)(4)(10)
Common Stock 137 I See Footnotes(1)(2)(3)(4)(11)
Common Stock 118 I See Footnotes(1)(2)(3)(4)(12)
Common Stock 26 I See Footnotes(1)(2)(3)(4)(13)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This Form 3 amends and restates in its entirety the Form 3 previously filed on September 12, 2014. This Form 3 relates to KDI Capital Partners, LLC ("KDI")for itself and in its capacity as the investment manager and general partner of certain private partnership clients identified below which own shares of common stock of the Issuer and certain affiliated persons identified below. KDI may be deemed to beneficially own all shares owned by such private partnership clients for certain purposes. In the aggregate, such shares (along with shares that are owned directly by KDI and personally by certain affiliates of KDI) exceed ten percent of the Issuer's outstanding common stock, and thus may subject KDI to the reporting requirements of Section 16 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
2. However, KDI's economic interest in the respective shares that are owned by such private partnership clients is limited to KDI's pecuniary interest in each such client, and no such client has an economic interest in the shares that are owned by other KDI clients. As a result, the ownership of the shares of the Issuer's common stock is reported separately with respect to KDI and each such private partnership client of KDI. In addition, the shares each KDI affiliate owns directly might be attributed to KDI for certain beneficial ownership purposes; however, KDI disclaims any pecuniary interest in such shares. Each calculation of pecuniary interest has been rounded. Additional footnote disclosure is made below with respect to each such ownership situation.
3. Pursuant to Rule 16(a)-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of the equity securities covered by the statement.
4. Mr. John M. Day and Mr. Sheldon M. Fox, as Managing Members (and affiliates) of KDI, each may be deemed to indirectly beneficially own the securities reported to be beneficially owned by KDI. Each of Mr. Day and Mr. Fox disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein as a result of his ownership interest in KDI.
5. These shares are owned directly by KDI.
6. These shares are owned directly and personally by John M. Day and members of his immediate family. Mr. Day is a Managing Member (and an affiliate) of KDI.
7. These shares are owned directly and personally by Sheldon M. Fox. Mr. Fox is a Managing Member (and an affiliate) of KDI.
8. These shares are owned directly by A Few Valuable Businesses Partnership ("AFVB Partnership"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in AFVB Partnership. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 176,600. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
9. These shares are owned directly by Capital Partner Investments Limited Partnership (previously known as Capital Partner Investments Partnership) ("CPI LP"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in CPI LP. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 243,037. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
10. These shares are owned directly by Worthy Companies Limited Partnership ("WC LP"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in WC LP. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 54,713. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
11. These shares are owned directly by Financial Ascent Limited Partnership ("FA LP"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in FA LP. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 87,521. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
12. These shares are owned directly by Outstanding Businesses Limited Partnership ("OB LP"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in OB LP. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 153,768. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
13. These shares are owned directly by Financial Ascent TE Limited Partnership (the "FATE LP"), a private partnership client of KDI of which KDI is the general partner, in which KDI has an indirect pecuniary interest as a result of KDI's ownership interest in FATE LP. The number of shares reported in the table reflects the application of such ownership interest to derive KDI's pecuniary interest in the total number of shares owned by the client, which total number is 114,792. KDI disclaims any beneficial ownership, as an economic or other pecuniary matter, in such total number of shares beyond the number reported in the table.
/S/ Sheldon M. Fox, Manager of KDI Capital Partners, LLC 06/17/2015
/s/ Sheldon M. Fox 06/17/2015
/s/ Sheldon M. Fox, as Attorney-in-Fact for John M. Day 06/17/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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JOINT FILING AGREEMENT
The undersigned acknowledge and agree than any filings, including,
without limitation, amended filings, with respect to transactions by KDI
Capital Partners, LLC, Sheldon M. Fox,and John M. Day, in shares of
common stock of Lawson Products, Inc. that are required under Section
16 of the Securities Exchange Act of 1934, as amended, may be filed on
behalf of each of the undersigned without the necessity of filing
additional joint filing agreements. The undersigned further agree to
the filing, furnishing or incorporation by reference of this joint
filing agreement as an exhibit to any joint filing made pursuant to
Section 16, including any amendments thereto, and for the completeness
and accuracy of the information concerning him or her contained therein,
but shall not be responsible for the completeness and accuracy of the
information concerning any other, except to the extent that he or she
knows or has reason to believe that such information is inaccurate.
This joint filing agreement shall remain in full force and effect until
revoked by any party hereto in a signed writing, provided to such other
party hereto, and then only with respect to such revoking party.
This agreement may be executed in one or more counterparts, each of
which will be deemed an original but all of which taken together will
constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby executes this Joint
Filing Agreement as of this 17th day of June 2015
/s/ Sheldon M. Fox
Sheldon M. Fox
/s/ Sheldon M. Fox *
John M. Day
KDI CAPITAL PARTNERS LLC
By: /s/ Sheldon M. Fox
Sheldon M. Fox, Managing Member
* By: /s/ Sheldon M. Fox
Sheldon M. Fox, Attorney-in-Fact
POWER OF ATTORNEY
The undersigned hereby appoints Sheldon M. Fox as the undersigned's true
and lawful attorney in fact and agent to execute and file with the
Securities and Exchange Commission any Schedule 13D, Schedule 13G, Form
3, Form 4, Form 5, any amendments to any of the foregoing and any related
documentation that may be required to be filed by the undersigned with
respect to securities of Lawson Products, Inc. ("Lawson") that are
beneficially owned by the undersigned, as a result of the undersigned's
role as an owner and managing member of KDI Capital Partners, LLC. The
undersigned grants unto said attorney-in-fact full power and authority to
do and perform each and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes,
shall lawfully do or cause to be done by virtue of this Power of Attorney
and the rights and powers herein granted. The undersigned acknowledges
that the foregoing attorney-in-fact, in serving in such capacity at the
request of the undersigned, is not assuming any of the undersigned's
responsibilities to comply with Section 13, Section 14 or Section 16 of
the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect through
July 31, 2015, unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorney-in-fact.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney
as of the 4th day of February 2015.
/s/ John M. Day
John M. Day