OLIN Corp — Director's Dealing 2007

Mar 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2007-03-09

Reporting Person: SCHULZ PHILIP J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-09	Phantom Stock Units	$0	A	134.658	Acquired		Common Stock (134.658)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	7755	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 $16.81 per share as of 3/9/07 in exempt transactions.

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