FORM 4
[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instructions 1(b).
U.S. 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,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
_______________________________________________________________________________
1. Name and Address of Reporting Person
SMITH DOUGLASS C.
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(Last) (First) (Middle)
2500 Royal Place
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(Street)
Tucker GA 30084
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(City) (State) (Zip)
_______________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Industrial Distribution Group, Inc. (IDG)
_______________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
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_______________________________________________________________________________
4. Statement for Month/Year
May 1999
_______________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
_______________________________________________________________________________
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] 10% Owner
[X] Director
[X] Officer (give title below)
[ ] Other (specify below)
President and COO
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7. Individual or Joint/Group Filing (check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Page 1
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FORM 4 (continued)
<TABLE>
<CAPTION>
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TABLE I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|
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1. Title of Security |2. Trans- |3. Transac- | 4. Securities Acquired (A) | 5. Amount of | 6. Owner- | 7. Nature of |
| action | tion Code | or Disposed of (D) | Securities | ship Form: | Indirect |
(Instr. 3) | Date | | | Beneficially | Direct (D) | Beneficial |
| | (Instr. 8) | (Instr. 3, 4 and 5) | Owned at End | or Indirect| Ownership |
| (Month/ | | | of Month | (I) | |
| Day/Year) |-------------|--------------------------------| | | |
| | | | Amount | (A) or | Price | (Instr. 3 | (Instr. 4) | (Instr. 4) |
| | Code | V | | (D) | | and 4) | | |
- ----------------------|-----------|------|------|-----------|--------|-----------|---------------|-----------------------------|
<S> | <C> | <C> | <C> |<C> | <C> | <C> | <C> | <C> | <C> |
Common Stock | 5/13/99 | P | V | 1,500 | A | $6.00 | 251,048 | I | <F1> |
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| | | | | | | 123,874 | D | |
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<FN>
<F1> The reporting person disclaims beneficial ownership of these securities,
and the report shall not be deemed an admission that the reporting person
is the beneficial owner of such securities for purposes of section 16 or
for any other purpose.
</FN>
</TABLE>
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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
SEC 1474 (3-99)
<PAGE>
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. Title of| 2. Con- | 3. | 4. | 5. Number of| 6. Date Exer- | 7. Title and | 8. Price| 9. Num- | 10. Owner- | 11. |
Derivative| version | Trans- | Trans- | Derivative | cisable and | Amount of Under- | of | ber of | ship Form | Nature|
Security | or Exer-| action | action | Securities | Expiration | lying Securities | Deriv- | Deriva- | of Deriva- | of In-|
| cise | Date | Code | Acquired (A)| Date (Month/ | | ative | tive | tive Secur-| Direct|
(Instr. 3)| Price of| (Month/ | | or Disposed | Day/Year) | (Instr. 3 and 4) | Secur- | Securi- | ity Direct | Bene- |
| Deriva- | Day/ | (Instr.| of (D) | | | ity | ties | (D) or In- | ficial|
| tive | Year) | 8) | |-----------------------------------| | Benefic-| direct (I) | Owner-|
| Security| | | (Instr. 3, | | | | | (Instr. | ially | | ship |
| | | | 4 and 5) | | | | | 5) | Owned at| (Instr. 4) | |
| | |--------|-------------| Date- | Expir-| | Amount or| | End of | |(Instr.|
| | | | | | | Exer- | ation | Title | Number of| | Month | | 4) |
| | |Code| V | (A) | (D) | cisable| Date | | Shares | | (Instr. | | |
| | | | | | | | | | | | 4) | | |
- -----------|---------|---------|----|---|------|------|----------------|-------|----------|---------|---------|--------------------|
<S> |<C> |<C> |<C> |<C>| <C> | <C> | <C> | <C> | <C> | <C> | <C> | <C> | <C> |<C> |
| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
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/s/ Douglass C. Smith 9/2/99
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** Signature of Reporting Person Date
** 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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