LOUISIANA-PACIFIC CORP — Director's Dealing 2005

Mar 31, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOUISIANA-PACIFIC CORP (LPX)
CIK: 0000060519
Period of Report: 2005-03-29

Reporting Person: DUNHAM ARCHIE W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-29	Common Stock	M	900	$7.17	Acquired	10273.219	Direct
2005-03-29	Common Stock	S	900	$25.56	Disposed	9373.219	Direct
2005-03-29	Common Stock	M	900	$13.69	Acquired	10273.219	Direct
2005-03-29	Common Stock	S	900	$25.56	Disposed	9373.219	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-29	Stock Option (Right to Buy)	$7.17	M	900	Disposed	2012-09-05	Common Stock (900)	Direct
2005-03-29	Stock Option (Right to Buy)	$13.69	M	900	Disposed	2013-09-05	Common Stock (4500)	Direct

Footnotes

F1: Includes 8,149 restricted shares issued pursuant to the Louisiana-Pacific Corporation 2000 Non-Employee Director Restricted
Stock Plan, which will vest 5/1/05 (1,461 shares), 5/1/06 (1,600 shares), 5/1/07 (1,764 shares), 5/1/08 (2,494 shares) and
5/1/09 (830 shares). Also includes dividend reinvestment shares exempt under Rule 16a-11.

F2: Represents option granted pursuant to the Louisiana-Pacific Corporation 1992 Non-Employee Director Stock Option Plan.

F3: Remaining options vest in five equal quarterly installments, with the first installment vesting on this date.