LSB INDUSTRIES, INC. — Director's Dealing 2011

Mar 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2011-03-31

Reporting Person: MURRAY JAMES WILLIAM III (VP/Sr Assoc Gen Couns/Asst Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-31	Common Stock	S	1300	$39.80	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$9.69	2018-10-13	Common Stock (6700)	6700	Direct

Footnotes

F1: Incentive Stock Option ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. The ISO is for a term of ten years and vests at the end of years one through six in the following amounts: 16.5%, 16.5%, 16.5%, 16.5%, 16.5% and 17.5%. The ISO will be fully vested at the end of year six. As of the date of this report, the total number of shares underlying the ISO is 6,700.