OLIN Corp — Director's Dealing 2008

Jul 31, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2008-07-30

Reporting Person: Hammett Richard M (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-30	Common Stock $1 par value	M	11250	$15.85	Acquired	16858	Direct
2008-07-30	Common Stock $1 par value	S	11250	$29.88	Disposed	5608	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-30	Employee Stock Option Right to Buy	$15.85	M	11250	Disposed	2009-02-08	Common Stock (11250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	11688.7194	Indirect

Footnotes

F1: 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 and includes 704.7633 shares of Olin stock acquired since the date of the reporting person's last ownership report.