Ronald J Knutson Form 4 LAWSON PRODUCTS INC/NEW / Ronald J Knutson ownership change

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^*

Knutson Ronald J

(Last) (First) (Middle)

C/O LAWSON PRODUCTS, INC.

8770 WEST BRYN MAWR AVENUE, SUITE 900

(Street)

CHICAGO IL 60631

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP CFO Controller & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2017

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

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 Rights	$22.75	01/12/2017		A		7,983(1)		12/31/2019	12/31/2019	Common Stock	7,983	$0	7,983	D
Market Stock Units	$0.0	01/12/2017		A		14,536(2)(3)		12/31/2019	12/31/2019	Common Stock	14,536	$0	14,536	D
Restricted Stock Units	$0.0	01/12/2017		A		4,041(4)		12/31/2019	12/31/2019	Common Stock	4,041	$0	4,041	D
Restricted Stock Awards	$0.0	01/13/2017		A		1,000(5)		12/31/2019	12/31/2019	Common Stock	1,000	$0	1,000	D

Explanation of Responses:

1. Represents the right to receive cash in an amount equal to the appreciation in the common stock above the exercise price at the date the holder exercises the right.

2. Represents the right to receive an amount of shares of common stock, up to the amount set forth in the table, based upon the appreciation of the common stock from the grant date to December 31,2019

3. Holder is required to hold 100% of the restricted stock that vests, net of taxes, until December 31, 2021.

4. Represents the right to receive shares of common stock at the exercise date in an amount equal to the number of restricted stock units.

5. Represents the right to receive shares of common stock at the exercise date in an amount equal to the number of restricted stock awards.

Remarks:

	/s/ Neil E. Jenkins, Attorney-in-Fact	01/13/2017
	** 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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