SEC Info - King Luther Capital Management Corp., et al. - ‘4’ for 4/1/22 re: Distribution Solutions Group, Inc.

Ownership Document

Schema Version: X0306

Document Type: 4

Period of Report: 4/1/22

Not Subject to Section 16: 0

Issuer:

Issuer CIK: 703604

Issuer Name: LAWSON PRODUCTS INC/NEW/DE/

Issuer Trading Symbol: LAWS

Reporting Owner:

Reporting Owner ID:

Owner CIK: 310051

Owner Name: KING LUTHER CAPITAL MANAGEMENT CORP

Reporting Owner Address:

Owner Street 1: 301 COMMERCE SUITE 1600

Owner Street 2:

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1406297

Owner Name: King John Bryan

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? Yes

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1406372

Owner Name: LKCM Private Discipline Master Fund, SPC

Reporting Owner Address:

Owner Street 1: C/O LKCM PRIVATE DISCIPLINE MANAGEMENT

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1406371

Owner Name: LKCM Investment Partnership, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1290407

Owner Name: King Luther Jr

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1502283

Owner Name: LKCM Core Discipline, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET, SUITE 1600

Owner Street 2:

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1502285

Owner Name: LKCM Micro-Cap Partnership, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1621801

Owner Name: LKCM Headwater Investments II, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1713995

Owner Name: LKCM Headwater II Sidecar Partnership, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Reporting Owner:

Reporting Owner ID:

Owner CIK: 1764096

Owner Name: LKCM Headwater Investments III, L.P.

Reporting Owner Address:

Owner Street 1: 301 COMMERCE STREET

Owner Street 2: SUITE 1600

Owner City: FORT WORTH

Owner State: TX

Owner ZIP Code: 76102

Owner State Description:

Reporting Owner Relationship:

Is Director? No

Is Officer? No

Is Ten Percent Owner? Yes

Is Other? No

Non-Derivative Table:

Non-Derivative Transaction:

Security Title:

Value: Common Stock

Transaction Date:

Value: 4/1/22

Transaction Coding:

Transaction Form Type: 4

Transaction Code: J

Equity Swap Involved? No

Footnote ID: F1

Footnote ID: F2

Transaction Timeliness:

Value:

Transaction Amounts:

Transaction Shares:

Value: 10,300,000

Footnote ID: F1

Footnote ID: F2

Transaction Price Per Share:

Value: 0

Footnote ID: F3

Transaction Acquired-Disposed Code:

Value: A

Post-Transaction Amounts:

Shares Owned Following Transaction:

Value: 14,650,556

Ownership Nature:

Direct or Indirect Ownership:

Value: I

Nature of Ownership:

Value: See footnotes

Footnote ID: F4

Footnote ID: F5

Footnote ID: F6

Footnote ID: F7

Footnote ID: F8

Footnotes:

Footnote - F1: On April 1, 2022, LKCM TE Investors, LLC (TestEquity Investors), TestEquity Acquisition, LLC, a wholly-owned subsidiary of TestEquity Investors, the Issuer, and Tide Sub, LLC, a wholly-owned subsidiary of the Issuer, consummated the transactions contemplated by the Agreement and Plan of Merger, dated December 29, 2021, by and among the parties thereto (TestEquity Merger Agreement). In connection with the consummation of the transactions contemplated by the TestEquity Merger Agreement, the Issuer issued 3,300,000 shares of Common Stock to TestEquity Investors.

Footnote - F2: On April 1, 2022, 301 HW Opus Investors, LLC (Gexpro Investors), 301 HW Opus Holdings, Inc., a wholly-owned subsidiary of Gexpro Investors, the Issuer, and Gulf Sub Inc., a wholly-owned subsidiary of the Issuer, consummated the transactions contemplated by the Agreement and Plan of Merger, dated December 29, 2021, by and among the parties thereto (Gexpro Merger Agreement). In connection with the consummation of the transactions contemplated by the Gexpro Merger Agreement, the Issuer issued 7,000,000 shares of Common Stock to Gexpro Investors.

Footnote - F3: Not applicable.

Footnote - F4: This Form 4 is filed by Luther King Capital Management Corporation (LKCM), LKCM Private Discipline Master Fund, SPC (PDP), LKCM Core Discipline, L.P. (Core), LKCM Micro-Cap Partnership, L.P. (Micro), LKCM Investment Partnership, L.P. (LIP), LKCM Headwater Investments II, L.P. (HW2), LKCM Headwater II Sidecar Partnership, L.P. (Sidecar), Headwater Lawson Investors, LLC (HLI), LKCM Headwater Investments III, L.P. (HW3), TestEquity Investors, Gexpro Investors, J. Luther King, Jr., and J. Bryan King (Reporting Persons).

Footnote - F5: LKCM Private Discipline Management, L.P. holds the management shares of PDP, and LKCM Alternative Management, LLC (PDP GP) is its general partner. LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LIP. LKCM Micro-Cap Management, L.P. (Micro GP) is the general partner of Micro. LKCM Core Discipline Management, L.P. (Core GP) is the general partner of Core. LKCM Headwater Investments II GP, L.P. (HW2 GP) is the general partner of HW2. LKCM Headwater II Sidecar Partnership GP, L.P. (Sidecar GP) is the general partner of Sidecar. LKCM Headwater Investments III GP, L.P. (HW3 GP) is the general partner of HW3. LKCM Headwater Investments GP, LLC (Ultimate HW GP) is the general partner of each of HW2 GP, Sidecar GP and HW3 GP. HW2 and Sidecar are the beneficial owners of HLI and TestEquity Investors, and HW3 is the beneficial owner of Gexpro Investors.

Footnote - F6: LKCM is the investment manager for PDP, LIP, Micro, Core, HW2, Sidecar, HW3 and HLI. J. Luther King, Jr. is a controlling shareholder or member, as applicable, of LKCM, LIP GP and Ultimate HW GP. J. Bryan King is a member of the Board of Directors of the Issuer and is a controlling shareholder or member, as applicable, of Ultimate HW GP, PDP GP, Micro GP, Core GP, and HLI.

Footnote - F7: Includes (1) 1,699,871 shares held by PDP, (2) 250,000 shares held by LIP, (3) 26,827 shares held by Micro, (4) 10,490 shares held by Core, (5) 1,761,494 shares held by HLI, (6) 592,326 shares held by HLI, (7) 7,000,000 shares held by Gexpro Investors, (8) 3,300,000 shares held by TestEquity Investors, (9) 2,500 shares held by a separately managed portfolio for which LKCM serves as investment manager, and (10) 7,048 shares held directly by J. Bryan King.

Footnote - F8: Each of the Reporting Persons expressly disclaims membership in a group under the Securities Exchange Act of 1934, as amended, with respect to the securities reported herein, and this Form 4 shall not be an admission that any such Reporting Person is a member of such a group. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that any such Reporting Person is the beneficial owner of such securities for purposes of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Owner Signature:

Signature Name: J. Bryan King, for Luther King Capital Management Corporation

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Private Discipline Master Fund, SPC

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Luther King, Jr., for LKCM Investment Partnership, L.P.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Luther King, Jr.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Core Discipline, L.P.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Micro-Cap Partnership, L.P.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Headwater Investments II, L.P.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Headwater II Sidecar Partnership, L.P.

Signature Date: 4/4/22

Owner Signature:

Signature Name: J. Bryan King, for LKCM Headwater Investments III, L.P.

Signature Date: 4/4/22

King Luther Capital Management Corp., et al. – ‘4’ for 4/1/22 re: Distribution Solutions Group, Inc.

On: Monday, 4/4/22, at 6:16pm ET · For: 4/1/22 · Accession #: 310051-22-5 · File #: 0-10546

Previous ‘4’: ‘4’ on 3/16/20 for 3/13/20 · Next: ‘4’ on 6/17/22 for 6/15/22 · Latest: ‘4’ on / for 11/14/23

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

King Luther Capital Management Corp., et al. – ‘4’ for 4/1/22 re: Distribution Solutions Group, Inc.

On: Monday, 4/4/22, at 6:16pm ET · For: 4/1/22 · Accession #: 310051-22-5 · File #: 0-10546

Previous ‘4’: ‘4’ on 3/16/20 for 3/13/20 · Next: ‘4’ on 6/17/22 for 6/15/22 · Latest: ‘4’ on / for 11/14/23

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents