SEC Form 4 · accession 0000899243-16-020523
LSB INDUSTRIES, INC. · LXU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
LSB Funding LLC
10% Owner
Period of report
May 19, 2016
Accepted (ET)
May 20, 2016 · 11:54 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060714
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 19, 2016 | X | 4,103,746 | $0.10 | A | 4,103,746 | D | |
| Common Stock | May 19, 2016 | S | 34,422 | $11.9219 | D | 4,069,324 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to Purchase Common Stock | $0.10 | May 19, 2016 | X | 4,103,746 | D | Dec 4, 2015 | Dec 4, 2025 | Common Stock | 4,103,746 | 0 | D |
Explanation of responses
- F1The Reporting Peron paid the exercise price in connection with the exercise of its warrants to purchase 4,103,746 shares of common stock on a cashless basis, resulting in the issuer's withholding 34,422 shares of common stock to pay the exercise price and issuing to the Reporting Person the remaining 4,069,324 shares.