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LSB INDUSTRIES, INC. Director's Dealing 2008

Apr 21, 2008

32699_dirs_2008-04-21_a2e95220-8506-448d-a621-1736b80aa44e.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2007-08-14

Reporting Person: ILLE BERNARD G (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-08-14 Common Stock S 5000 $21.75 Disposed 15000 Indirect
2007-08-22 Common Stock S 5000 $22.00 Disposed 10000 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 10000 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Nonqualified Stock Option $1.25 2009-07-08 Common Stock (15000) 15000 Direct

Footnotes

F1: This Form 4 is being amended solely to correct the number of shares reported on August 24, 2007 as held by the reporting person's spouse.

F2: Nonqualified Stock Option ("NQSO") to purchase shares of Issuer's Common Stock granted pursuant to the Issuer's Outside Directors Stock Option Purchase Plan (the "1999 Plan"). NQSOs granted under the 1999 Plan may be exercised at any time after six months from the date the NQSO was granted. To the extent not exercised, a NQSO granted under the 1999 Plan terminates (i) upon the tenth anniversary of the date the NQSO was granted, (ii) three years after the cessation of the optionee as a member of the Board of Directors of the Issuer, or (iii) upon the surrender of the Non-Qualified Stock Option Agreement dated July 9, 1999, for cancellation of the NQSO.