OLIN Corp — Director's Dealing 2005

Sep 13, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2005-09-09

Reporting Person: SCHULZ PHILIP J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-09	Phantom Stock Units	$0	A	27.119	Acquired		Common Stock (27.119)	Direct
2005-09-09	Phantom Stock Units	$0	A	58.306	Acquired		Common Stock (58.306)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	5010	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.

F3: Dividend equivalents credited to the reporting person's account under the Amended and Restated 1997 Stock Plan for Non-employee Directors at $18.99 per share as of 9/9/05 in exempt transactions.