LSB INDUSTRIES, INC. — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2011-03-25

Reporting Person: JONES JIMMIE D (Sr VP/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-25	Common Stock	M	15000	$2.73	Acquired	65000	Direct
2011-03-28	Common Stock	S	15000	$39.90	Disposed	50000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-25	Incentive Stock Option	$2.73	M	15000	Disposed	2011-11-29	Common Stock (15000)	Direct

Footnotes

F1: On March 28, 2011, the reporting person sold a total of 15,000 shares of the issuer's common stock at the weighted average price per share of $39.90, which is based on multiple prices ranging from $39.67 to $40.00. 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: Incentive Stock Options ("ISO") granted by the Issuer to the reporting person. As of the date of this report, and following the exercise reported herein, there are no shares of common stock remaining under these ISOs.