Edgar Filing: SANDLER DAVID

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SANDLER DAVID

2. Issuer Name and Ticker or Trading Symbol
MSC INDUSTRIAL DIRECT CO INC [MSM]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President & COO

(Last)

(First)

(Middle)

C/O MSC INDUSTRIAL DIRECT CO INC, 75 MAXESS RD

3. Date of Earliest Transaction (Month/Day/Year)
01/10/2005

(Street)

MELVILLE, NY 11747

4. If Amendment, Date 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

(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 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)
Class A Common Stock, $0.001 par value	01/10/2005		M		9,600	A	$ 15.25	65,041	D
Class A Common Stock, $0.001 par value	01/10/2005		M		25,000	A	$ 13.9375	90,041	D
Class A Common Stock, $0.001 par value	01/10/2005		M		16,376	A	$ 14.5	106,417	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		400	D	$ 33.09	106,017	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		3,900	D	$ 33.1	102,117	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		500	D	$ 33.11	101,617	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		500	D	$ 33.12	101,117	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		100	D	$ 33.14	101,017	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		200	D	$ 33.15	100,817	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		400	D	$ 33.2	100,417	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		200	D	$ 33.23	100,217	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		200	D	$ 33.24	100,017	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		500	D	$ 33.25	99,517	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		100	D	$ 33.32	99,417	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		100	D	$ 33.33	99,317	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		700	D	$ 33.34	98,617	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		2,500	D	$ 33.35	96,117	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		2,600	D	$ 33.36	93,517	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		700	D	$ 33.37	92,817	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		6,300	D	$ 33.38	86,517	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		100	D	$ 33.39	86,417	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		1,500	D	$ 33.44	84,917	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		1,300	D	$ 33.45	83,617	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		600	D	$ 33.46	83,017	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		400	D	$ 33.47	82,617	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		1,400	D	$ 33.48	81,217	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		500	D	$ 33.49	80,717	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		6,600	D	$ 33.5	74,117	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		4,500	D	$ 33.51	69,617	D
Class A Common Stock, $0.001 par value ⁽⁶⁾	01/10/2005		S		1,100	D	$ 33.52	68,517	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 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 Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Options (right to buy) ⁽¹⁾

$ 15.25

01/10/2005

9,600

⁽²⁾

04/28/2007

See Footnote ⁽⁵⁾

9,600

$ 0

Options (right to buy) ⁽¹⁾

$ 13.9375

01/10/2005

25,000

⁽³⁾

11/09/2010

See Footnote ⁽⁵⁾

25,000

$ 0

25,000

Options (right to buy) ⁽¹⁾

$ 14.5

01/10/2005

16,376

⁽⁴⁾

09/21/2011

See Footnote ⁽⁵⁾

16,376

$ 0

70,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SANDLER DAVID C/O MSC INDUSTRIAL DIRECT CO INC 75 MAXESS RD MELVILLE, NY 11747	X		President & COO

Signatures

/s/ Shelley M. Boxer, Attorney-in-Fact		01/12/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Options to purchase Issuer's Class A common stock, $.001 par value
(2)	An option to purchase 9,600 shares of the Issuer's common stock, par value $.001 per share, was issued to the Reporting person under the Issuer's 1995 Stock Option Plan. One-fifth of such option became exercisable on each of April 28, 1998, April 28, 1999, April 28, 2000, April 28, 2001 and April 28, 2002.
(3)	An option to purchase 125,000 shares of the Issuer's common stock, par value $.001 per share, was issued to the Reporting person under the Issuer's 1998 Stock Option Plan. One-fifth of such option became exercisable on each of November 9, 2001, November 9, 2002, November 9, 2003 and November 9, 2004. The balance of such option becomes exercisable in one-fifth on November 9, 2005.
(4)	An option to purchase 175,000 shares of the Issuer's common stock, par value $.001 per share, was issued to the Reporting person under the Issuer's 2001 Stock Option Plan. One-fifth of such option became exercisable on each of September 21, 2002, September 21, 2003 and September 21, 2004. The balance of such option becomes exercisable in one-fifth on each of September 21, 2005 and September 21, 2006.
(5)	Class A Common Stock, $.001 par value
(6)	Because the SEC's electronic filing system does not allow for the disclosure of more than 30 transactions on one Form 4, the Reporting Person is filing 2 simultaneous Form 4's to report his reportable transactions all of which together shall be deemed a single report filed on this date. This is the 1ST Form 4 of the 2 filings.

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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