LSB INDUSTRIES, INC. — Director's Dealing 2011

Mar 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2011-03-21

Reporting Person: SHELBY ANTONIO M (Director, Exec VP-Fin/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-21	Common Stock	S	25000	$36.02	Disposed	19000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	118589	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$2.73	2011-11-29	Common Stock (15000)	15000	Direct

Footnotes

F1: These shares were previously transferred by the reporting person into a trust of which the reporting person is settlor and trustee, with voting and dispositive power over the securities held in the trust.

F2: Incentive Stock Options ("ISO") granted by the Issuer to the reporting person. All ISOs are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs held by the reporting person is 15,000.