SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES 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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Roderick David M

(Last)

(First)

(Middle)

C/O EARLE M. JORGENSEN COMPANY

10650 ALAMEDA STREET

(Street)

LYNWOOD

90262

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
JORGENSEN EARLE M CO /DE/ [ JOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2005

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

6. 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 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 Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/20/2005		J⁽¹⁾		34,000	A	⁽¹⁾	34,000	D

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 Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$3.0667	04/20/2005		J⁽¹⁾		35,282		04/20/2005	03/31/2007	Common Stock	35,282	⁽¹⁾	35,282	D
Stock Option (right to buy)	$1.8933	04/20/2005		J⁽¹⁾		35,282		04/20/2005	03/31/2008	Common Stock	35,282	⁽¹⁾	35,282	D
Stock Option (right to buy)	$4.3818	04/20/2005		J⁽¹⁾		35,282		04/20/2005	03/31/2009	Common Stock	35,282	⁽¹⁾	35,282	D
Stock Option (right to buy)	$3.1234	04/20/2005		J⁽¹⁾		35,282		04/20/2005	03/31/2010	Common Stock	35,282	⁽¹⁾	35,282	D
Stock Option (right to buy)	$4.1438	04/20/2005		J⁽¹⁾		35,282		04/20/2005	03/31/2011	Common Stock	35,282	⁽¹⁾	35,282	D
Stock Option (right to buy)	$10							10/15/2005	04/15/2015	Common Stock	10,000		10,000	D

Explanation of Responses:

1. Prior to the transaction reported on this form, Mr. Roderick owned 34,000 shares of the common stock of Earle M. Jorgensen Holding Company, Inc. (the "Holding Common Stock"), fully vested options exercisable for 176,410 shares of Holding Common Stock, and options exercisable for 10,000 shares of the Issuer's common stock. Pursuant to a merger and financial restructuring that is exempt under Rule 16b-7, among other things, (a) each share of Holding Common Stock was exchanged for one share of the Issuer's common stock, and (b) each stock option that had been exercisable for shares of Holding Common Stock became exercisable for an equal number of shares of the Issuer's common stock at the same exercise prices and on the same terms and conditions as provided in the Holding stock option agreements and stock option plan.

	/s/ William S. Johnson, as Attorney-in-Fact	04/20/2005
	** Signature of Reporting Person	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).
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