SEC Form 4 · accession 0001140361-15-016281
LSB INDUSTRIES, INC. · LXU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Butkin
Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 23, 2015 · 5:51 pm 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 StockF2 | Apr 22, 2015 | M | 1,000 | $7.86 | A | 2,393 | I | By Trust |
| Common StockF1 | holding | — | — | — | 1,000 | I | By LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock OptionF3 | $7.86 | Apr 22, 2015 | M | 1,000 | D | — | Nov 13, 2018 | Common Stock | 1,000 | 3,000 | D |
Explanation of responses
- 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.