OLIN Corp — Director's Dealing 2004

Feb 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2004-02-12

Reporting Person: HIGGINS WILLIAM W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-12	Phantom Stock Units	$0	A	3750	Acquired		Common Stock (3750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1200	Direct
Common Stock	224215	Indirect
Common Stock	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 own 79,538 shares outright and 144,677 shares held in trusts in which she has an interest.

F3: Phantom shares of common stock are credited periodically to a deferred stock account under director compensation plans and are settled in common stock or cash following the date the reporting person ceases to be a director.

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