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LSB INDUSTRIES, INC. — Director's Dealing 2008
Mar 13, 2008
32699_dirs_2008-03-13_f41bbd0f-0b73-45f3-b1ef-52ef409c9ab3.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: 2008-03-11
Reporting Person: BURTCH CHARLES A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-03-11 | Common Stock | M | 9000 | $1.25 | Acquired | 9000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-03-11 | Nonqualified Stock Option | $1.25 | M | 9000 | Disposed | 2009-07-08 | Common Stock (9000) | Direct |
Footnotes
F1: 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, the NQSO granted under the 1999 Plan terminates (a) upon the tenth anniversary of the date the NQSO was granted, (b) three years after the cessation of the optionee as a member of the Board of Directors of the Issuer, or (c) upon the surrender of the Non-Qualified Stock Option Agreement dated July 8, 1999, for cancellation of the NQSO.