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LSB INDUSTRIES, INC. — Director's Dealing 2008
Nov 12, 2008
32699_dirs_2008-11-12_58f0c5dd-8db2-4b75-8146-f58a11e7867c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2008-11-10
Reporting Person: ADAMS MICHAEL G (VP/Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-11-10 | Common Stock | M | 10000 | $1.25 | Acquired | 10000 | Direct |
| 2008-11-10 | Common Stock | G | 10000 | — | Disposed | 0 | Direct |
| 2008-11-10 | Common Stock | G | 10000 | — | Acquired | 11304 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-11-10 | Incentive Stock Option | $1.25 | M | 10000 | Disposed | 2009-07-08 | Common Stock (10000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Incentive Stock Option | $2.73 | 2011-11-29 | Common Stock (10000) | 10000 | Direct |
Footnotes
F1: These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust. Prior to the exercise of the Incentive Stock Options described herein, the reporting person held 1,304 shares of the Issuer's common stock in his revocable trust.
F2: These are Incentive Stock Options ("ISO") granted by the Issuer to the reporting person. All ISOs the reporting person holds are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs the reporting person holds is 10,000.