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*
SCHULZE JOHN B

(Last) (First) (Middle)
THE LAMSON & SESSIONS CO.
25701 SCIENCE PARK DRIVE

(Street)
CLEVELAND OH 44122

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LAMSON & SESSIONS CO [ LMS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chmn of the Bd.,Pres. & CEO
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2006
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)
Code V Amount (A) or (D) Price
COMMON STOCK 51 I See Footnote(1)
COMMON STOCK 1,100 I See Footnote(2)
COMMON STOCK 700 I See Footnote(3)
COMMON STOCK 04/11/2006 S 100 D $29.89 310,035 D(4)
COMMON STOCK 04/11/2006 S 900 D $29.88 309,135 D
COMMON STOCK 04/11/2006 S 300 D $29.87 308,835 D
COMMON STOCK 04/11/2006 S 300 D $29.83 308,535 D
COMMON STOCK 04/11/2006 S 6,200 D $29.82 302,335 D
COMMON STOCK 04/11/2006 S 1,600 D $29.81 300,735 D
COMMON STOCK 04/11/2006 S 700 D $29.8 300,035 D
COMMON STOCK 04/11/2006 S 800 D $29.79 299,235 D
COMMON STOCK 04/11/2006 S 1,000 D $29.78 298,235 D
COMMON STOCK 04/11/2006 S 200 D $29.77 298,035 D
COMMON STOCK 04/11/2006 S 4,600 D $29.76 293,435 D
COMMON STOCK 04/11/2006 S 33,300 D $29.75 260,135 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy Common Stock) $4.968 04/10/2006 M 49,200 02/25/2000(5) 02/25/2009 Common Stock 49,200 $0.00 30,800 D
Stock Option (Right to Buy Common Stock) $3.44 04/10/2006 M 55,000 02/18/2004(6) 02/18/2013 Common Stock 55,000 $0.00 0 D
Explanation of Responses:
1. Held under The Lamson & Sessions Co. Deferred Savings Plan (the "401(k) Plan"), as of December 31, 2005, exempt under Rule 16b-3(c).
2. IRA account for benefit of reporting person.
3. IRA account for benefit of wife.
4. Total reflects 9,800 shares of restricted stock, vesting on February 16, 2012, but subject to accelerated vesting, based on stock performance.
5. Exercisable over three years as follows: one-third on February 25, 2000; one-third on February 25, 2001; and one-third on February 25, 2002, with number of shares vested in each year rounded to the nearest whole share.
6. Exercisable over three years as follows: one-third on February 18, 2004; one-third on February 18, 2005; and one-third on February 18, 2006, with number of shares vested in each year rounded to the nearest whole share.
Remarks:
Form 2 of 2
/s/John B. Schulze 04/12/2006
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.