Filing Details

Accession Number:
0001140361-11-019351
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-30 13:05:24
Reporting Period:
2011-03-28
Filing Date:
2011-03-30
Accepted Time:
2011-03-30 13:05:24
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
1260292 Md C Robert Brown 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 2011-03-28 10,000 $40.00 21,160 No 4 S Indirect By Trust and Spouse's Trust
Common Stock Disposition 2011-03-28 10,000 $40.00 40,727 No 4 S Indirect By Robert C. Brown, M.D., Inc.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Trust and Spouse's Trust
No 4 S Indirect By Robert C. Brown, M.D., Inc.
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 pursuant to a Rule 10b5-1 sales plan, dated March 10, 2011. These shares are held in a joint account owned by the Robert C. Brown Revocable Trust, DTD 08/27/99, of which the reporting person is settlor and trustee and the Zelda F. Brown Revocable Trust, DTD 08/27/99, of which the reporting person's spouse is settlor and trustee.
  2. These shares were sold pursuant to a Rule 10b5-1 sales plan, dated March 10, 2011.
  3. 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 November 13, 2008, 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.