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: PAIN GEORGE H (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-30	Common Stock $1 par value	M	23000	$23.78	Acquired	23000.4403	Direct
2008-07-30	Common Stock $1 par value	M	25333	$20.68	Acquired	48333.4403	Direct
2008-07-30	Common Stock $1 par value	S	48333	$29.84	Disposed	0.4403	Direct
2008-07-30	Common Stock $1 par value	S	7028	$29.46	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-30	Employee Stock Option Right to Buy	$23.78	M	23000	Disposed	2015-02-09	Common Stock (23000)	Direct
2008-07-30	Employee Stock Option Right to Buy	$20.68	M	25333	Disposed	2016-02-08	Common Stock (25333)	Direct

Footnotes

F1: Fractional amount represents shares held under the Olin Corporation dividend reinvestment plan.

F2: This transaction was executed in multiple trades at prices ranging from $29.72 to $29.95. 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: Represents shares held in a revocable trust controlled by the reporting person's spouse and for the benefit of his spouse.

F4: This transaction was executed in multiple trades at prices ranging from $29.43 to $29.60. 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.