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OLIN Corp Director's Dealing 2008

Aug 7, 2008

31434_dirs_2008-08-07_ef4eac70-9254-4cfa-83c1-ca8dcd3825cb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2008-08-05

Reporting Person: Hammett Richard M (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-05 Common Stock $1 par value S 33550 $28.96 Disposed 5608 Direct
2008-08-05 Common Stock $1 par value M 15350 $23.78 Acquired 20958 Direct
2008-08-05 Common Stock $1 par value M 16000 $20.68 Acquired 36958 Direct
2008-08-06 Common Stock $1 par value S 31350 $29.26 Disposed 5608 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-05 Employee Stock Option Right to Buy $23.78 M 15350 Disposed 2015-02-09 Common Stock (15350) Direct
2008-08-05 Employee Stock Option Right to Buy $20.68 M 16000 Disposed 2016-02-08 Common Stock (16000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock $1 par value 11688.7194 Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $28.95 to $29.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: This transaction was executed in multiple trades at prices ranging from $29.20 to $29.2750. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The figure represents shares periodically acquired under the Olin Corporation Contributing Employee Ownership Plan (CEOP), a tax conditioned plan, and held in the Olin Common Stock Fund of the CEOP as of June 30, 2008, in a transaction exempt under Rule 16b-3.