LSB INDUSTRIES, INC. — Director's Dealing 2014

May 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2014-05-12

Reporting Person: PERRY RONALD V (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-12	Common Stock	S	1125	$38.00	Disposed	0	Indirect
2014-05-13	Common Stock	S	450	$39.00	Disposed	50	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonqualifed Stock Option	$7.86	2018-11-13	Common Stock (875)	875	Direct

Footnotes

F1: These shares were held by a family trust, of which the reporting person and his wife are the settlors and trustees, and the reporting person holds a pecuniary interest in the trust's holdings and transactions.

F2: Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan. The NQSO is for a term of 10 years from the date of grant, and the exercise price of the NQSO is based on the fair market value of the Issuer's common stock on the date of grant. This NQSO 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 NQSO will be fully vested at the end of year six.