OLIN Corp — Director's Dealing 2009

Feb 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLIN CORP (OLN)
CIK: 0000074303
Period of Report: 2009-02-02

Reporting Person: PAIN GEORGE H (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-02	Phantom Stock Units	$14.17	I	10833.2653	Acquired		Common Stock (10833.2653)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $1 par value	4953.45	Direct

Footnotes

F1: Fractional amount represents shares held under the Olin Corporation dividend reinvestment plan, including .0097 shares acquired since the date of the reporting person's last ownership report.

F2: Phantom shares acquired in a multi-fund benefit plan.