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LSB INDUSTRIES, INC. Director's Dealing 2008

Oct 7, 2008

32699_dirs_2008-10-07_afebada7-5488-4521-a520-aa98cc542fe0.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: 2008-10-06

Reporting Person: GOSS DAVID R (Director, Ex VP-Operations/Asst Sec)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-10-06 Common Stock M 35000 $1.25 Acquired 170994 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-10-06 Nonqualified Stock Option $1.25 M 35000 Disposed 2009-07-08 Common Stock (35000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 600 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Incentive Stock Option $2.73 2011-11-29 Common Stock (15000) 15000 Direct
Incentive Stock Option $1.25 2009-07-08 Common Stock (65000) 65000 Direct

Footnotes

F1: These shares are held by Mr. Goss as the custodian of the trusts established for the benefit of his grandchildren.

F2: Nonqualified Stock Options (?NQSO?) granted by the Issuer to the reporting person. All NQSOs held by the reporting person were currently exercisable. As of the date of this report, the reporting person holds no NQSOs.

F3: 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 80,000.