LSB INDUSTRIES, INC. — Director's Dealing 2003

Mar 28, 2003

4 1 rrd6790.htm FORM 4 - JAYHAWK INSTITUTIONAL MANAGEMENT, L.P. SEC Form 4

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response. . . . . 0.5

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/Day/Year 03/27/2003 5. If Amendment, Date of Original (Month/Day/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)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)
		Code	V	Amount	A/D	Price
Common Stock	03/27/2003	P		450,000	A	(1)	1,850,692	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)		6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr.5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.4)	10. Owner- ship Form of Deriv- ative Securities: Direct (D) or Indirect (I) (Instr.4)
			Code	V	A	D DE ED Title Amount or Number of Shares	DE	ED	Title	Amount or Number of Shares
Common Stock	$3.49	03/27/2003	P		112,500		Immediate	03/24/2008	Common Stock	112,500	(1)	1,850,692	D

Explanation of Responses:

(1) The reporting person purchased 450,000 shares of Common Stock and a warrant to purchase 112,500 shares of Common Stock with an exercise price of $3.49 for an aggregate purchase price of $1,570,500. 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 1474 (9-02)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
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