Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Jacobson Allen D.
2. Date of Event Requiring Statement (Month/Day/Year)
05/19/2015
3. Issuer Name and Ticker or Trading Symbol
LAWSON PRODUCTS INC/NEW/DE/ [LAWS]
(Last)
(First)
(Middle)
C/O LAWSON PRODUCTS, INC., 8770 WEST BRYN MAWR AVENUE, SUITE 900
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Sales
5. If Amendment, Date Original Filed(Month/Day/Year)
05/12/2015
(Street)

CHICAGO, IL 60631
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 536
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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
Stock Options (1) 12/31/2012 12/31/2020 Common Stock 1,434 $ 14.04 D  
Stock Performance Rights (2) 12/22/2012 12/22/2016 Common Stock 2,900 $ 17.65 D  
Stock Performance Rights (2) 12/31/2014 10/02/2017 Common Stock 5,000 $ 10 D  
Restricted Stock Award (3) 12/31/2014 10/02/2017 Common Stock 5,000 $ 10 D  
Stock Performance Rights (2) 12/31/2015 12/31/2020 Common Stock 4,398 $ 12.18 D  
Stock Performance Rights (2) 12/31/2016 12/31/2021 Common Stock 7,306 $ 13.92 D  
Stock Performance Rights (2) 12/31/2017 12/31/2022 Common Stock 2,704 $ 25.16 D  
Market Stock Units (4) 12/31/2015 12/31/2015 Common Stock 2,839 $ 0 D  
Market Stock Units (5) 12/31/2016 12/31/2016 Common Stock 5,390 $ 0 D  
Market Stock Units (6) 12/31/2017 12/31/2017 Common Stock 4,230 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jacobson Allen D.
C/O LAWSON PRODUCTS, INC.
8770 WEST BRYN MAWR AVENUE, SUITE 900
CHICAGO, IL 60631
      SVP, Sales  

Signatures

/s/ Neil E. Jenkins, Attorney-in-Fact 05/19/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents the right to purchase one share of common stock in exchange for the exercise price of $14.04 at the date the reporting person exercises the right.
(2) 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 reporting person exercises the right.
(3) Represents the right to receive shares of common stock equal in value to the apprectiation of the common stock from the exercise price of $10.00 at the date the reporting person exercises the right.
(4) 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, 2015.
(5) 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, 2016.
(6) 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, 2017.

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