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LSB INDUSTRIES, INC. — Director's Dealing 2011
Apr 1, 2011
32699_dirs_2011-04-01_a655853c-4ae6-495c-9b4a-b11fa6a970f0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2011-03-31
Reporting Person: ADAMS MICHAEL G (VP/Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-31 | Common Stock | S | 5000 | $39.45 | Disposed | 4600 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Incentive Stock Option | $7.86 | 2018-11-13 | Common Stock (15000) | 15000 | Direct |
| Incentive Stock Option | $2.73 | 2011-11-29 | Common Stock (10000) | 10000 | Direct |
Footnotes
F1: On March 31, 2011, the reporting person sold a total of 5,000 shares of the Issuer's common stock at the weighted average price per share of $39.45, which is based on multiple prices ranging from $39.45 to $39.47 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
F2: These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust.
F3: Incentive Stock Option ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. Each ISO is for a term of ten years from the date of grant. An ISO for 10,000 shares of the Issuer's common stock exercisable at $2.73, with an expiration date of November 29, 2011, was granted to the reporting person on November 29, 2001. This ISO is fully vested. An ISO for 15,000 shares of the Issuer's common stock exercisable at $7.86, with an expiration date of November 13, 2018, was granted to the reporting person on November 13, 2008. This ISO 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%. This 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 two ISOs is 25,000.