SEC Form 4 · accession 0001140361-15-029256
LSB INDUSTRIES, INC. · LXU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Heidi L Brown Shear
Officer — VP/Managing Counsel/Asst Sec
David Michael Shear
Officer — Senior VP/General Counsel/Sec
Period of report
Jul 29, 2015
Accepted (ET)
Jul 31, 2015 · 11:36 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 StockF1 | holding | — | — | — | 35,581 | I | By Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionF2 | $36.78 | Jul 29, 2015 | A | 20,000 | A | — | Jul 29, 2025 | Common Stock | 20,000 | 20,000 | D |
| Incentive Stock OptionF3 | $36.78 | Jul 29, 2015 | A | 20,000 | A | — | Jul 29, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The designated reporting person is David M. Shear. Mr. Shear's spouse, Heidi L. Brown Shear, jointly files this report with Mr. Shear. Heidi Shear is Vice President, Managing Counsel and Assistant Secretary of the Issuer. These shares are held in an account jointly owned by David Shear's revocable trust, of which he is settlor and trustee, and Heidi Shear's revocable trust, of which she is settlor and trustee.
- F2Incentive Stock Option ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. An ISO for 20,000 shares of the Issuer's common stock exercisable at $36.78, with an expiration date of July 29, 2025, was granted to the reporting person on July 29, 2015. The ISO is for a term of 10 years from the date of grant. The ISO vests at the end of its respective years one through six in the following amounts: 16.5%, 16.5%, 16.5%, 16.5%, 16.5% and 17.5%. The ISO will be fully vested at the end of year six.
- F3ISO granted by the Issuer to the reporting person's spouse under the Issuer's Incentive Stock Option Plans. An ISO for 20,000 shares of the Issuer's common stock exercisable at $36.78, with an expiration date of July 29, 2025, was granted to the reporting person's spouse on July 29, 2015. The ISO is for a term of 10 years from the date of grant. The ISO vests at the end of its respective years one through six in the following amounts: 16.5%, 16.5%, 16.5%, 16.5%, 16.5% and 17.5%. The ISO will be fully vested at the end of year six.