Prepared by Kilpatrick Stockton EDGAR Services

Form 3

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

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1.  Name and Address of Reporting Person*


   Hayes, Jeffrey W.

          (Last)            (First)                (Middle)

   950 E. Paces Ferry Road, Suite 1575
                                 (Street)

  Atlanta           GA            30326

          (City)            (State)                (Zip)

2. Date of Event
Requiring Statement
(Month/Day/Year)

01/22/02

4. Issuer Name and Ticker or Trading Symbol

Industrial Distribution Group, Inc. (IDG)

3. I.R.S. Identification
Number of Reporting
Person, if an entity
(voluntary)

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

President, Midwest Division

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

2/01/02

7. Individual or Joint/Group
Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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

4,486          

D

  

 Common Stock

2,016(1)        

 I

 By Spouse

 

 

 

 

 

 

 

 

 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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.

 


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

1. Title of Derivative Security
(Instr. 4)

2. Date Exer-
cisable and
Expiration
Date
(Month/Day/Year)

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

4. Conver-
sion or
Exercise
Price of
Deri-
vative
Security

5. Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D) or
Indirect
(I)
(Instr. 5)

6. Nature of Indirect
Beneficial Ownership
(Instr. 5)
Date
Exer-
cisable
Expira-
tion
Date

Title
Amount
or
Number
of
Shares
Stock Option (Right to Buy)

(2)

2-23-2010

 Common Stock

181(1)

$3.25

I

   By Spouse

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation of Responses:

(1)  The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that
       the reporting person is the beneficial owner or such securities for purposes of Section 16 or for any other purpose.
(2)  The option vests in one-third increments on each of the first three (3) anniversary dates of the grant.

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

/s/  Jeffrey W. Hayes
Jeffrey W. Hayes

 

03/07/02

Date

Note:

File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.

 

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