LSB INDUSTRIES, INC. — Director's Dealing 2003

Mar 28, 2003

5 1 rrd6791.htm FORM 5 - JAYHAWK INSTITUTIONAL PARTNERS, L.P. SEC Form 5

FORM 5 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [ ] Form 3 Holdings Reported [X] Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(f) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0362 Expires: January 31, 2005 Estimated average burden hours per response. . . . . 1.0

1. Name and Address of Reporting Person * Jayhawk Institutional Partners, L.P. (Last) (First) (Middle) 8201 Mission Road Suite 110 (Street) Prairie Village, KS 66208 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol LSB Industries, Inc. LSBD 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for Month/Year 12/31/2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) Description 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2.Transaction Date (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4, and 5) Amount / A/D / Price	5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)
Common Stock	01/22/2002	S 4	4,800 / D / 2.848		D
Common Stock	01/24/2002	S 4	10,000 / D / 2.899		D
Common Stock	01/25/2002	S 4	1,600 / D / 2.844		D
Common Stock	01/31/2002	S 4	4,000 / D / 2.847		D
Common Stock	02/01/2002	S 4	1,000 / D / 2.84		D
Common Stock	02/04/2002	S 4	7,400 / D / 2.849		D
Common Stock	08/13/2002	S 4	1,900 / D / 3.10		D
Common Stock	09/17/2002	S 4	600 / D / 3.08		D
Common Stock	10/31/2002	S 4	200,000 / D / 2.80	597,500	D

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. Conver- sion or Exercise Price of Deri- vative Security	3. Transaction Date (Month/ Day/ Year)	4. Transaction Code (Instr.8)	5. Number of Derivative Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) A or D	6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) DE / ED	7. Title and Amount of Underlying Securities (Instr. 3 and 4) Title / Amount or Number of Shares	8. Price of Derivative Security (Instr.5)	9. Number of Derivative Securities Beneficially Owned at End of Year Reported Transaction(s) (Instr.4)	10. Owner- ship Form of Deriv- ative Securities: Direct (D) or Indirect (I) (Instr.4)
Class C Preferred Series 2	4.329	05/01/2002	P4	109,550 A	/	Common Stock / 474,241.95	$18.25		D
Class C Preferred Series 2	4.329	06/01/2002	P4	50,000 A	/	Common Stock / 216,450	$22.50	159,550	D

Explanation of Responses:

Jayhawk Institutional Partners, L.P. By: Jayhawk Capital Management, L.L.C., its general partner

By:	Date:
/s/ Kent C. McCarthy	03/27/2003
Kent C. McCarthy, Manager
** Signature of Reporting Person	SEC 2270 (09-02)
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