Filing Details

Accession Number:
0001140361-13-011109
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-06 19:06:16
Reporting Period:
2013-03-04
Filing Date:
2013-03-06
Accepted Time:
2013-03-06 19:06:16
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
1402465 Golsen Family Llc 16 South Pennsylvania Avenue
Oklahoma City OK 73107
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2013-03-04 65,150 $38.02 1,835,604 No 4 S Indirect By SBL
Common Stock Disposition 2013-03-05 34,850 $38.78 1,800,754 No 4 S Indirect By SBL
Common Stock Disposition 2012-04-12 5,400 $0.00 1,795,354 No 4 G Indirect By SBL
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By SBL
No 4 S Indirect By SBL
No 4 G Indirect By SBL
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 15,392 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series B Preferred $0.00 133,333 4,000 Direct
Common Stock Series B Preferred $0.00 533,333 16,000 Indirect
Common Stock Series D Preferred $0.00 250,000 1,000,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
133,333 4,000 Direct
533,333 16,000 Indirect
250,000 1,000,000 Indirect
Footnotes
  1. Golsen Family, L.L.C. (GFLLC) is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (43.516%) and through another trust (43.516%), his sons, Barry H. Golsen, a director and the president of the Issuer (4.323%), and Steven J. Golsen, a director of the Issuer and an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda F. Rappaport (4.323%).
  2. SBL, LLC ("SBL") is owned by GFLLC (49%), Barry Golsen (17%), Steven Golsen (17%), and Linda Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,511,399 shares of common stock owned by SBL and 283,955 shares of common stock owned directly by GPC; 200,000 of these shares have been pledged as collateral. The amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned by SBL and 4,000 shares of the Issuer's Series B Preferred owned directly by GPC. Voting and dispositive power over the securities held by SBL and GPC is shared by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry Golsen, a director and the president of the Issuer.
  3. Each share of the Issuer's Series "B" 12% Cumulative Preferred Stock is convertible, at the option of the holder into 33.3333 shares of the Issuer's common stock. Each share is convertible as long as such is outstanding.
  4. The Issuer's Series "D" 6% Cumulative, Convertible Class C Preferred Stock is convertible at the option of the holder into the Issuer's common stock at the rate of four shares of Preferred "D" for one share of common stock. Each share is convertible as long as such is outstanding.
  5. On March 4, 2013, SBL sold a total of 65,150 shares of the Issuer's common stock at the weighted average price per share of $38.02, which is based on multiple prices ranging from $38.00 to $38.13. 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 the range.
  6. On March 5, 2013, SBL sold a total of 34,850 shares of the Issuer's common stock at the weighted average price per share of $38.78, which is based on multiple prices ranging from $38.56 to $39.05. 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 the range.