OLIN Corp — Director's Dealing 2003

Sep 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2003-09-10

Reporting Person: HIGGINS WILLIAM W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-10	Phantom Stock Units	$	A	341.31	Acquired		Common Stock (341.31)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	1200	Direct
Common Stock $1 par value	224215	Indirect
Common Stock $1 par value	132093	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

F2: Mrs. Higgins owns 79,538 shares outright and 144,677 shares held in trusts in which she has an interest.

F3: Dividend equivalents credited to the reporting person's account under the 1997 Stock Plan for Non-employee Directors at $18.09 per share as of 9/10/03 in exempt transactions.

F4: Security converts to common stock on a one-for-one basis.