Form 4

Form 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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(h) of the Investment Company Act of 1940

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1.  Name and Address of Reporting Person*


Lingenfelter,  Charles A.

2. Issuer Name and Ticker or Trading Symbol

  Industrial Distribution Group, Inc. (IDG)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
___ Director                    ___ 10% Owner
_X_ Officer (give             ___ Other (specify
                  title below)                     below)

 President, Southern Division

(Last)     (First)     (Middle)

 
950 E. Paces Ferry Road, Suite 1575

3. I.R.S. Identification
    Number
    of Reporting Person,
    if an
    entity (voluntary)
4.  Statement for
     Month/Day/Year

08/29/02

(Street)



Atlanta,  GA 30326

5. If Amendment, Date of
    Original
    (Month/Day/Year)

 

7. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)
2. Transaction Date


(Month/Day/Year)
2A. Deemed
       Execution Date, if
       any
       (Month/Day/Year)
3. Transaction
    Code
    (Instr. 8)
4. Securities Acquired (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)
5. Amount of
    Securities
    Beneficially Owned
    Following Reported
    Transactions(s)

(Instr. 3 and 4)
6. Ownership
    Form:
    Direct (D)
    or Indirect (I)
    (Instr. 4)
7. Nature of
    Indirect
    Beneficial
    Ownership

   (Instr. 4)
Code V Amount (A) or (D)

Price

Common Stock 8/23/02   P    1,000   A $3.16      
Common Stock 8/23/02   P    500   A $3.15      
Common Stock 8/29/02   P    1,000   A $3.20

 57,800

 D

 
                     

 


 

FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of
    Derivative
    Security
    (Instr.3)
2. Conversion
    or Exercise
    Price of
    Derivative
    Security
3. Transaction
    Date
   (Month/Day
   Year)
3A. Deemed
       Execution Date,
       if any
     (Month/Day/Year)
4. Transaction
    Code
    (Instr. 8)
5. Number of
    Derivative
    Securities     Acquired
    (A) or
    Disposed
    of (D)
    (Instr. 3, 4
    and 5)
6. Date Exerciseable
    and Expiration
    Date

    (Month/Day/Year)

7. Title and
    Amount of
    Underlying
    Securities
    (Instr. 3
    and 4)

8. Price of
    Derivative
    Security
    (Instr. 5)
9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    Following
    Reported
    Transaction(s)
    (Instr. 4)
10. Ownership
      Form of
      Derivative
      Securities
      Beneficially
      Owned at
      End of
      Month
      (Instr. 4)
11. Nature
      of
      Indirect
      Beneficial
      Ownership
      (Instr.
       4)

 

       

Code

V

(A)

(D)

Date
Exercisable

Expiration
Date

Title

Amount
or
Number
of Shares
















































Explanation of Responses:



 


   /s/ Charles A. Lingenfelter       
**Signature of Reporting Person
   8-30-2002     
Date
 
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure