LSB INDUSTRIES, INC. — Director's Dealing 2010

Mar 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2010-03-24

Reporting Person: RYDLUND PAUL (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-24	Common Stock	S	3630	$15.54	Disposed	2870	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$2.73	2011-09-29	Common Stock (3500)	3500	Direct
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.

F3: The price reported is a weighted average price. The shares were sold in multiple transactions at prices per share ranging from $15.50 to $15.59, inclusive. The reporting person undertakes to provide the staff of the Securities and Exchange Commission, LSB Industries, Inc., or any security holder of LSB Industries, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.