AI assistant
Distribution Solutions Group, Inc. — Director's Dealing 2018
Apr 13, 2018
32009_dirs_2018-04-13_c565e2b5-94fb-4375-88eb-a8fb53cc4cda.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LAWSON PRODUCTS INC/NEW/DE/ (LAWS)
CIK: 0000703604
Period of Report: 2018-04-11
Reporting Person: DeCata Michael G (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-11 | Restricted Stock Awards | $0.0 | J | 2000 | Disposed | 2019-12-31 | Common Stock (2000.0) | Direct |
| 2018-04-11 | Restricted Stock Awards | $0.0 | A | 2000 | Acquired | 2019-12-31 | Common Stock (2000.0) | Direct |
| 2018-04-11 | Market Stock Units | $0.0 | J | 86901 | Disposed | 2019-12-31 | Common Stock (86901.0) | Direct |
| 2018-04-11 | Market Stock Units | $0.0 | A | 86901 | Acquired | 2019-12-31 | Common Stock (86901.0) | Direct |
| 2018-04-11 | Restricted Stock Awards | $0.0 | J | 29083 | Disposed | 2020-08-14 | Common Stock (29083.0) | Direct |
| 2018-04-11 | Restricted Stock Awards | $0.0 | A | 29083 | Acquired | 2020-08-14 | Common Stock (29083.0) | Direct |
Footnotes
F1: 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.
F2: 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.
F3: 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.
F4: 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.
F5: Represents the right to receive shares of common stock on the exercise date in an amount equal to the number of restricted stock awards.