LSB INDUSTRIES, INC. — Director's Dealing 2009

Sep 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2009-09-23

Reporting Person: RYDLUND PAUL (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-23	Common Stock	M	6500	$2.73	Acquired	6500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-23	Incentive Stock Option	$2.73	M	6500	Disposed	2011-09-29	Common Stock (6500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$5.10	2015-11-17	Common Stock (8000)	8000	Direct

Footnotes

F1: Incentive Stock Options ("ISO") granted by the Issuer to the reporting person under the Issuer's incentive stock option plan. Each ISO allows the purchase of shares of the Issuer's common stock upon the exercise thereof. Each ISO is for a period of ten years from the date of grant, and each ISO became fully vested on or prior to December 31, 2005. As of the date of this report, the total number of shares underlying this ISO is 3,500.

F2: ISO granted on November 17, 2005, by the Issuer to the reporting person under the Issuer's incentive stock option plan. The ISO is for a term of ten years and vests at the end of years one through four in the following amounts: 20%, 20%, 30%, and 30%. The ISO will be fully vested at the end of year four. As of the date of this report, the total number of shares underlying the ISO is 8,000.