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: RATCLIFFE GEORGE J (Director)

Derivative Transactions

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect

Footnotes

F1: 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.

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