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Filing Details

Accession Number:: 0001140361-15-016494
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-04-27 18:45:32
Reporting Period:: 2015-04-23

Filing Date:: 2015-04-27
Accepted Time:: 2015-04-27 18:45:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
60714	Lsb Industries Inc	LXU	Industrial Inorganic Chemicals (2810)	731015226

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1175126	G Michael Adams	16 South Pennsylvania Avenue Oklahoma City OK 73107	Vp-Financial Planning	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-04-23	1,981	$45.00	17,444	No	4	S	Indirect	By Trust
Common Stock	Disposition	2015-04-24	700	$45.13	16,744	No	4	S	Indirect	By Trust
Common Stock	Disposition	2015-04-27	2,319	$46.73	14,425	No	4	S	Indirect	By Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	S	Indirect	By Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Incentive Stock Option	$7.86		2018-11-13	3,575	3,575	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-11-13	3,575	3,575	Direct

Footnotes

These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust.
Incentive Stock Options ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. An ISO for 15,000 shares of the Issuer's common stock exercisable at $7.86, with an expiration date of November 13, 2018, was granted to the reporting person on November 13, 2008. This ISO vests at the end of years one through six in the following amounts: 16.5%, 16.5%, 16.5%, 16.5%, 16.5% and 17.5%. This ISO is fully vested. As of the date of this report, the total number of shares available for exercise under this ISO is 3,575.
These shares were sold pursuant to the reporting person's Rule 10b5-1 Sales Plan adopted on May 20, 2014.
On April 24, 2015, the reporting person sold a total of 700 shares of the Issuer's common stock at the weighted average price per share of $45.13, which is based on multiple prices ranging from $45.04 to $45.19 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
On April 27, 2015, the reporting person sold a total of 2,319 shares of the Issuer's common stock at the weighted average price per share of $46.7258, which is based on multiple prices ranging from $46.60 to $47.13 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.