LSB INDUSTRIES, INC. — Director's Dealing 2009

May 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2009-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-13	Common Stock	J	600	—	Disposed	0	Indirect
2009-05-20	Common Stock	S	10300	$14.65	Disposed	160694	Direct
2009-05-20	Common Stock	F	8673	$14.09	Disposed	152021	Direct
2009-05-20	Common Stock	M	65000	$1.25	Acquired	217021	Direct
2009-05-20	Common Stock	M	15000	$2.73	Acquired	232021	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-20	Incentive Stock Option	$2.73	M	15000	Disposed	2011-11-29	Common Stock (15000)	Direct
2009-05-20	Incentive Stock Option	$1.25	M	65000	Disposed	2009-07-08	Common Stock (65000)	Direct

Footnotes

F1: The reporting person resigned as custodian of this account over which the reporting person possessed no pecuniary interest.

F2: On May 20, 2009, the reporting person sold a total of 10,300 shares of the Issuer?s common stock at the weighted average price per share of $14.65, which is based on the following sales of the Issuer's common stock at the respective price per share: (a) $14.69 - 5,300 shares, (b) $14.60 - 2,500 shares, (c) $14.58 - 1,568 shares, and (d) $14.63 - 932 shares.

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 zero.