LSB INDUSTRIES, INC. — Director's Dealing 2009

Jun 17, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2009-06-15

Reporting Person: JONES JIMMIE D (Sr VP/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-06-15	Common Stock	F	4500	$16.97	Disposed	0	Direct
2009-06-15	Common Stock	M	65000	$1.25	Acquired	65000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-06-15	Incentive Stock Option	$1.25	M	65000	Disposed	2009-07-08	Common Stock (65000)	Direct

Holdings (Derivative)

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

Footnotes

F1: Incentive Stock Options ("ISO") granted by the Issuer to the reporting person. All ISOs held by the reporting person are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs held by the reporting person is 15,000.

F2: In accordance with the terms of the ISO, the reporting person delivered 4,500 already-owned shares of Issuer common stock and cash in payment of the exercise price.