OLIN Corp — Director's Dealing 2008

Feb 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2008-02-07

Reporting Person: PAIN GEORGE H (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-07	Employee Stock Option (right to buy)	$20.29	A	33000	Acquired	2018-02-06	Common Stock (33000)	Direct
2008-02-07	Restricted Stock Units	$20.29	A	13334	Acquired	2011-02-07	Common Stock (13334)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	0.4313	Direct
Common Stock $1 par value	7028	Indirect
Common Stock $1 par value	985.3957	Indirect

Footnotes

F1: Represents shares acquired under the Olin Corporation dividend reinvestment plan.

F2: Represents shares held in a revocable trust controlled by the reporting person's spouse and for the benefit of his spouse.

F3: The figure shown represents shares of Olin Common Stock acquired on a periodic basis under the Olin Contributing Employee Ownership Plan (CEOP), a tax-conditioned plan, and held in the Olin Common Stock Fund of the CEOP, in a transaction exempt under Rule 16b-3, and is based on information provided by the Plan Administrator as of January 15, 2008.

F4: The option vests in three annual installments beginning February 7, 2009.