================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 4)* MSC INDUSTRIAL DIRECT CO., INC. (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $.001 PER SHARE (Title of Class of Securities) 553530 10 6 (CUSIP Number) DECEMBER 31, 2006 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [X] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 553530 10 6 Schedule 13G Page 2 of 6 -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identifica- tion No. of Above Person Marjorie Gershwind -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [_] if a Member of a Group (b) [_] -------------------------------------------------------------------------------- 3. S.E.C. Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 3,391,167 Beneficially (6) Shared Voting Power 946,246 Owned by Each (7) Sole Dispositive Power 3,391,167 Reporting Person (8) Shared Dispositive Power 946,246 -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,337,413 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 8.5% -------------------------------------------------------------------------------- 12. Type of Reporting Person IN -------------------------------------------------------------------------------- CUSIP NO. 553530 10 6 Schedule 13G Page 3 of 6 AMENDMENT NO. 4 TO SCHEDULE 13G ------------------------------- This Amendment No. 4 to Schedule 13G is filed by Marjorie Gershwind ("Ms. Gershwind") to amend and restate in its entirety the Schedule 13G, originally filed on February 14, 1996, as amended by Amendment No. 1, filed February 17, 2004, Amendment No. 2, filed February 10, 2005 and Amendment No. 3, filed January 23, 2006, with respect to the Class A Common Stock (as defined below) of MSC Industrial Direct Co., Inc. (the "Company"). This Amendment No. 4 reflects shares beneficially owned by Ms. Gershwind and shares of the Company outstanding as of January 3, 2007. Item 1. (a) NAME OF ISSUER MSC Industrial Direct Co., Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 75 Maxess Road Melville, New York 11747 Item 2. (a) NAME OF PERSON FILING Marjorie Gershwind (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE The address of the principal business office of Ms. Gershwind is c/o MSC Industrial Direct Co., Inc., 75 Maxess Road, Melville, New York 11747. (c) CITIZENSHIP United States. (d) TITLE OF CLASS OF SECURITIES Class A Common Stock, par value $.001 per share (the "Class A Common Stock") (e) CUSIP NUMBER 553530 10 6 Item 3. Not applicable. Item 4. OWNERSHIP. (a) AMOUNT BENEFICIALLY OWNED: Ms. Gershwind may be deemed to beneficially own 4,337,413 shares of Class A Common Stock as a result of her direct or indirect ownership CUSIP NO. 553530 10 6 Schedule 13G Page 4 of 6 of, and/or voting and dispositive power over: (a) 424,451 shares of Class A Common Stock held by Ms. Gershwind; (b) 2,466,716 shares of Class B Common Stock, par value $.001 per share, that are convertible into shares of Class A Common Stock on a one-for-one basis (the "Class B Common Stock"), held by Ms. Gershwind; (c) 946,246 shares of Class B Common Stock held by the Marjorie Diane Gershwind 1994 Qualified Fifteen Year Annuity Interest Trust, of which Ms. Gershwind is a settlor; and (d) 500,000 shares of Class B Common Stock held by the Marjorie Diane Gershwind 2006 GRAT #1, of which Ms. Gershwind is a settlor. Ms. Gershwind disclaims beneficial ownership of all shares of Class B Common Stock owned by the Marjorie Diane Gershwind 1994 Qualified Fifteen Year Annuity Interest Trust and the Marjorie Diane Gershwind 2006 GRAT #1. (b) PERCENTAGE OWNED: Based on calculations made in accordance with Rule 13d-3, and there being approximately 47,179,309 shares of Class A Common Stock outstanding (as reported by the Company in its Quarterly Report on Form 10-Q for the fiscal quarter ended November 25, 2006), Ms. Gershwind may be deemed to beneficially own approximately 8.5% of the outstanding Class A Common Stock. (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS POWER TO DIRECT THE DISPOSITION: (i) Sole voting power: 3,391,167 (ii) Shared voting power: 946,246 (iii) Sole dispositive power: 3,391,167 (iv) Shared dispositive power: 946,246 CUSIP NO. 553530 10 6 Schedule 13G Page 5 of 6 Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION Not applicable. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP NO. 553530 10 6 Schedule 13G Page 6 of 6 SIGNATURES After reasonable inquiry and to my best knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated as of February 12, 2007 By: /s/ J. Robert Small ------------------------- J. Robert Small Attorney-in-fact