OLIN Corp — Director's Dealing 2005

Feb 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2005-02-10

Reporting Person: PAIN GEORGE H (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-10	Employee Stock Option (right to buy)	$23.78	A	23000	Acquired	2015-02-09	Common Stock (23000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	978.5112	Indirect

Footnotes

F1: The figure shown represents shares of Olin Common Stock acquired on a periodic basis under the Olin Contributing Employee Ownership Plan (CEOP), a tax-conditioned plan, and held in the Olin Common Stock Fund of the CEOP, in a transaction exempt under Rule 16b-3, and is based on information provided by the Plan Administrator as of February 10, 2005

F2: The option vests in three annual installments beginning February 10, 2006.