OLIN Corp — Director's Dealing 2006

Sep 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2006-09-11

Reporting Person: SCHULZ PHILIP J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-11	Phantom Stock Units	$0	A	103.419	Acquired		Common Stock (103.419)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	6219	Direct

Footnotes

F1: Dividend equivalents credited to the reporting person's account under the Amended and Restated 1997 Stock Plan for Non-employee Directors at $15.51 per share as of 9/11/06 in exempt transactions.

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