Patent ID: 7856855

Claim:
A lock assembly comprising: a lock body; a shackle having a first leg; a first locking element disposed in said lock body, said first locking element selectively engageable to said shackle; a cam disposed in said lock body, said cam having a locked position for moving said first locking element to engage said shackle, an unlocked position for moving said first locking element to a first recess of said cam to disengage said shackle, a locking element displacement position to displace said first locking element into a shackle removal recess of said first leg, and a shackle removal position for moving said first locking element into a second, deeper recess of said cam for selectively removing said shackle from said lock body; and wherein said cam includes a third recess and a fourth recess, and said first recess, said second, deeper recess, said third recess and said fourth recess are each circumferentially disposed about an outer peripheral surface of said cam, and said first recess, said second, deeper recess, said third recess and said fourth recess are each selectively engageable to at least one of said first locking element and a second locking element disposed in said lock body.