LSB INDUSTRIES, INC. — Director's Dealing 2016

May 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2016-05-19

Reporting Person: LSB Funding LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-19	Common Stock	X	4103746	$0.10	Acquired	4103746	Direct
2016-05-19	Common Stock	S	34422	$11.9219	Disposed	4069324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-19	Warrants to Purchase Common Stock	$0.10	X	4103746	Disposed	2025-12-04	Common Stock (4103746)	Direct

Footnotes

F1: The Reporting Peron paid the exercise price in connection with the exercise of its warrants to purchase 4,103,746 shares of common stock on a cashless basis, resulting in the issuer's withholding 34,422 shares of common stock to pay the exercise price and issuing to the Reporting Person the remaining 4,069,324 shares.