LSB INDUSTRIES, INC. — Director's Dealing 2014

May 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2014-05-02

Reporting Person: PERRY RONALD V (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-02	Common Stock	M	1125	$7.86	Acquired	1625	Direct
2014-05-02	Common Stock	G	1125	—	Disposed	500	Direct
2014-05-02	Common Stock	G	1125	—	Acquired	1125	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-02	Nonqualified Stock Option	$7.86	M	1125	Disposed	2018-11-13	Common Stock (1125)	Direct

Footnotes

F1: Immediately after the reporting person exercised his nonqualified stock option for 1,125 shares of the Issuer's common stock on May 2, 2014, the reporting person gifted 1,125 shares of the Issuer's common stock to 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.