SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WASHLOW ROBERT J

(Last) (First) (Middle)
1666 EAST TOUHY AVENUE

(Street)
DES PLAINES IL 60018

(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
Chairman of Board & CEO
3. Date of Earliest Transaction (Month/Day/Year)
12/14/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Common Stock, $1.00 par value 12/14/2006 M 17,200 A $26.5 67,857 D
Common Stock, $1.00 par value 12/14/2006 D 17,200 D $48.9 50,657 D
Common Stock, $1.00 par value 12/14/2006 M 12,000 A $27.08 62,657 D
Common Stock, $1.00 par value 12/14/2006 D 12,000 D $48.9 50,657 D
Common Stock, $1.00 par value 12/15/2006 M 5,000 D $22.44 55,657 D
Common Stock, $1.00 par value 12/15/2006 M 5,000 D $23.56 60,657 D
Common Stock 3,033,907 I By Wife
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 (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 Securities Underlying Derivative Security (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: 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
Stock Performance Right $26.5 12/14/2006 M 17,200 12/13/2001 12/13/2010 Common Stock 17,200 $0 0 D
Stock Performance Right $27.08 12/14/2006 M 12,000 12/11/2002 12/11/2011 Common Stock 12,000 $0 0 D
Stock Option (right to buy) $22.44 12/15/2006 M 5,000 08/10/2000(1) 08/10/2009 Common Stock 5,000 $0 0 D
Stock Option (right to buy) $23.56 12/15/2006 M 5,000 05/16/2001(2) 05/16/2010 Common Stock 5,000 $0 0 D
Explanation of Responses:
1. The option vested in four equal installments on August 10, 2000, 2001, 2002 and 2003.
2. The option vested in four equal installments on May 16, 2001, 2002, 2003 and 2004.
/s/ Robert J. Washlow by Neil E. Jenkins, Attorney-in-Fact 12/18/2006
** 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 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).
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