Filing Details

Accession Number:
0001140361-14-025531
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-06-13 13:43:28
Reporting Period:
2014-06-11
Filing Date:
2014-06-13
Accepted Time:
2014-06-13 13:43:28
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
1005712 E Jack Golsen P O Box 705
Oklahoma City OK 73102
Chairman Of The Board And Ceo Yes Yes 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 2014-06-11 45,865 $40.71 1,639,956 No 4 S Indirect By SBL
Common Stock Disposition 2014-06-11 8,402 $41.30 1,631,554 No 4 S Indirect By SBL
Common Stock Disposition 2014-06-11 200 $42.14 1,631,354 No 4 S 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 S Indirect By SBL
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 4,000 Direct
Common Stock 15,876 Indirect As Trustee
Common Stock 569,304 Indirect As Trustee
Common Stock 15,392 Indirect By GFLLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series D Preferred $0.00 250,000 1,000,000 Indirect
Common Stock Series B Preferred $0.00 533,333 16,000 Indirect
Common Stock Series B Preferred $0.00 133,333 4,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
250,000 1,000,000 Indirect
533,333 16,000 Indirect
133,333 4,000 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 Golsen, director and the president of the Issuer (4.323%), and Steven Golsen, an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda Rappaport (4.323%). Jack E. Golsen has sole voting and dispositive power over the Issuer securities held by GFLLC and shares voting and dispositive power over the Issuer securities held by SBL (see footnote 2). The reporting person reports beneficial ownership of all securities held by GFLLC and SBL due to his shared voting and dispositive power over the securities beneficially owned by GFLLC and SBL, but disclaims beneficial ownership of such securities, except to the extent of his respective pecuniary interest therein.
  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 1,347,399 shares of common stock owned directly 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 directly 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. These shares of common stock are owned of record by a trust, of which Jack E. Golsen is trustee.
  4. These shares are held by separate trusts established for the benefit of the children, grandchildren, and a great-grandchild (the "Trusts") of the reporting person, of which Jack E. Golsen is the settlor and sole trustee. The amount shown is the aggregate number of shares held in the Trusts. No single Trust has more than one beneficiary. As the sole trustee, Jack E. Golsen possesses sole voting and dispositive power over the Issuer securities held in the Trusts, but holds no pecuniary interest in the securities held by the Trusts.
  5. 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.
  6. 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.
  7. On June 11, 2014, SBL sold a total of 45,865 shares of the Issuer's common stock, pursuant to a previously adopted 10b5-1 sales plan, at the weighted average price per share of $40.71, which is based on multiple prices ranging from $40.00 to $40.99. 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.
  8. On June 11, 2014, SBL sold a total of 8,402 shares of the Issuer's common stock, pursuant to a previously adopted 10b5-1 sales plan, at the weighted average price per share of $41.30, which is based on multiple prices ranging from $41.00 to $41.98. 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.
  9. On June 11, 2014, SBL sold a total of 200 shares of the Issuer's common stock, pursuant to a previously adopted 10b5-1 sales plan, at the weighted average price per share of $42.14, which is based on multiple prices ranging from $42.05 to $42.22. 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.