OLIN Corp — Director's Dealing 2008

Feb 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2008-02-14

Reporting Person: BUNCH C ROBERT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-14	Phantom Stock Units	$0	A	5195	Acquired		Common Stock (5195)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	0	Direct

Footnotes

F1: Includes 2,095 shares of Common Stock for annual retainer and meeting fees which the reporting person elected to defer under the Amended and Restated 1997 Stock Plan for Non-employee directors. Phantom shares of common stock are also 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.

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