UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )
LAWSON PRODUCTS, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
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(Title of Class of Securities)
520776 10 5
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(CUSIP Number)
Ronald Port
Lawson Products, Inc.
1666 East Touhy Road
Des Plaines, Illinois 60018
Tel. No.: (847) 827-9666
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
SEPTEMBER 30, 2003
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: [ ]
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the act (however, see the
Notes).
SCHEDULE 13D
CUSIP No. 520776 10 5
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1 NAME OF REPORTING PERSON
RONALD PORT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF SHARES 16,615
BENEFICIALLY ------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 3,011,436
WITH ------------------------------------
9 SOLE DISPOSITIVE POWER
16,615
------------------------------------
10 SHARED DISPOSITIVE POWER
3,011,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,028,051
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.9% BASED ON 9,490,111 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 15, 2003
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14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
CUSIP No. 520776 10 5
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1 NAME OF REPORTING PERSON
ROBERTA PORT WASHLOW
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF SHARES 22,471
BENEFICIALLY ------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 3,011,436
WITH ------------------------------------
9 SOLE DISPOSITIVE POWER
22,471
------------------------------------
10 SHARED DISPOSITIVE POWER
3,011,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,033,907
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.9% BASED ON 9,490,111 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 15, 2003
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14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
CUSIP No. 520776 10 5
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1 NAME OF REPORTING PERSON
SANDRA PORT ERRANT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF SHARES 18,490
BENEFICIALLY ------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 3,011,436
WITH ------------------------------------
9 SOLE DISPOSITIVE POWER
18,490
------------------------------------
10 SHARED DISPOSITIVE POWER
3,011,436
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,029,926
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.9% BASED ON 9,490,111 SHARES OF COMMON STOCK OUTSTANDING AS OF
JULY 15, 2003
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14 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, par value $1.00 per
share (the "Common Stock"), of Lawson Products, Inc., a Delaware corporation
(the "Issuer"), having its principal executive offices at 1666 East Touhy Road,
Des Plaines, Illinois 60018.
ITEM 2. IDENTITY AND BACKGROUND
(a) Names of the Reporting Persons: Ronald Port Roberta
Port Washlow Sandra Port Errant
(b) 1666 East Touhy Road, Des Plaines, Illinois 60018 is
the business address for each reporting person.
(c) Ronald Port is a retired physician and has been a
director of the Issuer since 1984. Roberta Port
Washlow is a homemaker. Sandra Port Errant is a
homemaker.
(d), (e) During the last five years no reporting person, has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in such reporting person
being subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) All reporting persons are citizens of the United States of
America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On September 30, 2003, each reporting person and a trust for the
benefit of such reporting person (of which the reporting person is a co-trustee)
purchased partnership interests (the "Partnership Interests") in two family
limited partnerships (each a "Partnership", collectively, the "Partnerships").
The Partnerships own in the aggregate 3,011,436 shares of Issuer Common Stock.
The purchase price of the Partnership Interests was the aggregate fair market
value of the Partnership Interests on September 30, 2003 as will be determined
by an independent appraiser selected by the parties. The purchasers of the
Partnership Interests issued promissory notes in payment for the Partnership
Interests and intend to pay the promissory notes with personal funds. The
maturity date of the promissory notes is August 31, 2006 and each bears interest
at 2.02% per year. The payment of all principal and interest is due and payable
on August 31, 2006.
ITEM 4. PURPOSE OF TRANSACTION
Reference is made to Item 3.
None of the reporting persons has any plans or proposals which relate
to or would result in his or her acquisition of additional Common Stock or any
other events described in Item 4(a) through 4(j). Each reporting person may, at
any time and from time to time, review or reconsider his/her position and/or
change his/her purpose and/or formulate plans or proposals with respect thereto.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) 3,011,436 shares of Common Stock, representing approximately 31.7%
of the outstanding Common Stock of the Issuer, are owned by the Partnerships in
which the reporting persons' and trusts for their benefit own all of the general
and limited partnership interests. The partners of each Partnership have
selected the reporting persons to act as the Managing General Partners. The
Managing General Partners have the authority to bind each Partnership with the
approval of a majority of the Managing General Partners. Each reporting person
hereby specifically disclaims beneficial ownership in the shares of Common Stock
in which the individual does not have economic benefit.
Reference is made to the cover page of this Schedule 13D for information on
Common Stock ownership. Each reporting person hereby specifically disclaims
beneficial ownership in the shares of Common Stock directly owned by the other
reporting persons.
(c) reference is made to Item 3.
(d) not applicable.
(e) not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Reference is made to Item 3.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears
below constitutes and appoints Ronald Port, Roberta Port Washlow, Robert J.
Washlow and Sandra Port Errant and each of them, his/her true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him/her and in his/her name, place and stead, in any and all
capacities to sign any or all amendments to this Schedule 13D, and to file the
same, with all exhibits thereto, and all other documents in connection
therewith, with the Securities and Exchange Commission, granting unto each said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, as fully to all intents and purposes as he/she might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their or his/her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Dated: October 1, 2003
/s/ Ronald Port
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Ronald Port
/s/ Roberta Port Washlow
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Roberta Port Washlow
/s/ Sandra Port Washlow
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Sandra Port Washlow