A 32-year-old Lawrence man was charged Monday with aggravated assault and theft stemming from a Saturday afternoon incident.

According to police, Jacob P. Paine allegedly threatened another man with a knife around 2 p.m. in the 700 block of Locust. The alleged incident revolved around an argument about a pair of headphones.

No injuries were reported.

Paine is being held in the Douglas County Jail on a $7,500 bond. The assault charge is a level-7 felony, punishable by up to 34 months in prison.