OLIN Corp — Director's Dealing 2006

Feb 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: GRIFFIN DONALD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-09	Common Stock $1 par value	A	1209	$20.68	Acquired	76633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-09	Phantom Stock Units	$0	A	2200	Acquired		Common Stock (2200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	75.7545	Indirect

Footnotes

F1: The figure shown represents shares of Olin Common Stock acquired on a periodic basis under the Olin Corporation 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 January 15, 2006.

F2: Shares of Common Stock granted under the Amended and Restated 1997 Stock Plan for Non-employee directors, the Company's formula director compensation plan.

F3: 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.

F4: Security converts to common stock on a one-for-one basis.