SEC Form 4 · accession 0001140361-15-001953

LSB INDUSTRIES, INC. · LXU

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jan 15, 2015

Accepted (ET)

Jan 15, 2015 · 6:27 pm EST

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^F4,F2	Jan 15, 2015	A	393	$31.77	A	1,393	I	By Trust
Common Stock^F1	holding	—	—		—	1,000	I	By LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Nonqualified Stock Option^F3	$7.86	holding	—	—	—	—	Nov 13, 2018	Common Stock	4,000	4,000	D

F1Butkin Investment Company, LLC (the "LLC") is owned by the reporting person, through his revocable trust, certain other trusts over which the reporting person holds voting and dispositive power, and BRJN Capital Corporation, of which the reporting person serves as its President. Voting and dispositive power over the securities held by the LLC is possessed by the reporting person, who is the Manager of the LLC. The reporting person disclaims beneficial ownership of the Issuer securities held by the LLC, except to the extent of his pecuniary interest therein.
F2These shares are held in certain trusts over which the reporting person holds voting and dispositive power.
F3Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan on November 13, 2008. 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 is fully vested.
F4These shares were issued in lieu of cash director fees pursuant to the Issuer's Outside Directors Stock Purchase Plan.