OLIN Corp — Director's Dealing 2006

Feb 23, 2006

SEC Form 4/A — Form 4/A

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2006-02-09

Reporting Person: RUGGIERO ANTHONY W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-09	Phantom Stock Units	$0	A	3409	Acquired		Common Stock (3409)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	13611	Direct

Footnotes

F1: Includes 1,209 shares of common stock for annual retainer fees which the reporting person elected to defer under the Amended and Restated 1997 Stock Plan for Non-employee Directors. Phantom shares of common stock are also 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.