OLIN Corp — Director's Dealing 2003

Aug 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2003-08-14

Reporting Person: SCHULZ PHILIP J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-14	Common Stock $1 par value	A	613	$17.00	Acquired	613	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-14	Phantom Stock Units	$	A	1209	Acquired		Common Stock (1209)	Direct

Footnotes

F1: Phantom shares of common stock are credited periodically to a deferred stock account under the Amended and Restated 1997 Stock Plan for Non-employee Directors and are settled in common stock or cash following the date the reporting person ceases to be a director.

F2: Security converts to common stock on a one-for-one basis.