Filing Details

Accession Number:
0001140361-10-049398
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-13 17:35:09
Reporting Period:
2010-12-09
Filing Date:
2010-12-13
Accepted Time:
2010-12-13 17:35:09
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
1260291 Basil Raymond Ackerman 16 South Pennsylvania Avenue
Oklahoma City OK 73107
Yes No No 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 2010-12-09 1,000 $24.29 8,600 No 4 S Indirect By Spouse's Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Spouse's Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,450 Indirect By Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Nonqualified Stock Option $7.86 2018-11-13 5,000 5,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-11-13 5,000 5,000 Direct
Footnotes
  1. These shares were sold at the weighted average price per share of $24.29, which is based on multiple sale prices ranging from $24.27 to $24.31. 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.
  2. These shares are held by the Lucille F. Ackerman Living Trust, a revocable trust, of which the reporting person's spouse is the settlor and trustee and possesses a vested interest in the income and corpus of the trust.
  3. These shares are held by the Raymond B. Ackerman Living Trust, a revocable trust, of which Mr. Ackerman is the settlor and trustee and possesses a vested interest in the income and corpus of the trust.
  4. Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan. The NQSO is for a term of ten years from the date of grant, and the exercise price of the NQSO is based on the fair market value of the Issuer's common stock on the date of grant. This NQSO 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 NQSO will be fully vested at the end of year six.