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4//SEC Filing

RAPPAPORT LINDA F 4

Accession 0001140361-10-048753

CIK 0000060714other
View on SEC.govCompany Profile

Filed

Dec 7, 7:00 PM ET

Accepted

Dec 8, 12:55 PM ET

Size

22.6 KB

Accession

0001140361-10-048753

Insider Transaction Report

Form 4
Period: 2010-12-06
LSB INDUSTRIES INCLXU
RAPPAPORT LINDA F
10% Owner
Transactions
  • Sale

    Common Stock

    2010-12-07$24.23/sh−24,094$583,798→ 121,433 total(indirect: By Spouse)
  • Sale

    Common Stock

    2010-12-06$24.36/sh−8,506$207,206→ 145,527 total(indirect: By Spouse)
Holdings

  • Common Stock

    (indirect: By LLC)
    63,898

  • Common Stock

    (indirect: By SBL)
    320,629

  • 5.5% Convertible Debentures

    Exp: 2012-07-01→ Common Stock (36,400 underlying)

  • Series D Preferred

    (indirect: By LLC)
    → Common Stock (3,329 underlying)
    21,183

  • 5.5% Convertible Debentures

    (indirect: By SBL)
    Exp: 2012-07-01→ Common Stock (24,752 underlying)

  • Series B Preferred

    (indirect: By SBL)
    → Common Stock (90,666 underlying)
    2,720

  • Series D Preferred

    (indirect: By SBL)
    → Common Stock (42,500 underlying)
    170,000

  • 5.5% Convertible Debentures

    (indirect: By LLC)
    Exp: 2012-07-01→ Common Stock (1,939 underlying)

  • Common Stock

    30,000

  • Series B Preferred

    (indirect: By LLC)
    → Common Stock (10,727 underlying)
    512
Footnotes (8)
  • [F1]These shares are owned of record by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for any purpose, including Section 16 of the Securities Exchange Act of 1934, as amended.
  • [F2]Golsen Family, L.L.C. ("GFLLC") is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (43.516%), his spouse, Sylvia Golsen through her revocable trust (43.516%), his sons, Barry H. Golsen, a director and the president of the Issuer (4.323%), and Steven J. Golsen, executive officer of a subsidiary of the Issuer (4.323%), and his daughter, the reporting person (4.322%). The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of her pecuniary interest therein.
  • [F3]SBL, LLC ("SBL") is owned by GFLLC (49%), Barry Golsen (17%), Steven Golsen (17%), and the reporting person (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. Voting and dispositive power over the securities held by SBL and GPC is possessed by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry H. Golsen, a director and the president of the Issuer. The reporting person disclaims beneficial ownership of the Issuer securities held by SBL, except to the extent of her pecuniary interest therein.
  • [F4]The amount of Issuer securities shown as beneficially owned by the reporting person is based on the reporting person's proportionate ownership in (1) GFLLC, which is comprised of (a) GFLLC's direct ownership of Issuer securities and (b) GFLLC's indirect ownership of Issuer securities through its proportionate ownership in SBL, and (2) SBL, which is comprised of SBL's direct ownership of Issuer securities.
  • [F5]The Issuer's 5.5% Convertible Senior Subordinated Debentures due 2012 (the "Debentures") are convertible at the option of the holder in whole or in part into the Issuer's common stock prior to their maturity. The conversion rate of the Debentures is 36.4 shares of the Issuer's common stock per $1,000 principal amount of debentures (representing a conversion price of $27.47 per share of common stock), subject to adjustment under certain conditions as set forth in the Indenture, dated June 28, 2007 (the "Indenture"), by the Issuer in favor of UMB Bank, N.A., as Trustee, filed as Exhibit 4.2 to the Issuer's Form 8-K on June 29, 2007. The Debentures bear interest at the rate of 5.5% per year and mature on July 1, 2012.
  • [F6]Each share of the Issuer's Series "B" 12% Cumulative Preferred Stock is convertible, at the option of the holder into 33.3333 shares of the Issuer's common stock. Each share is convertible as long as such is outstanding.
  • [F7]The Issuer;s Series "D" 6% Cumulative, Convertible Class C Preferred Stock is convertible at the option of the holder into the Issuer's common stock at the rate of four shares of Preferred "D" for one share of common stock. Each share is convertible as long as such is outstanding.
  • [F8]On December 6, 2010, the reporting person's spouse sold a total of 8,506 shares of the Issuer's common stock at the weighted average price per share of $24.36, which is based on multiple prices ranging from $24.25 to $24.42. On December 7, 2010, the reporting person's spouse sold a total of 24,094 shares of the Issuer's common stock at the weighted average price per share of $24.23, which is based on multiple prices ranging from $24.10 to $24.34. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Documents

1 file

Issuer

LSB INDUSTRIES INC

CIK 0000060714

→
Entity typeother
IncorporatedOK

Related Parties

1
  • filerCIK 0001005711

Filing Metadata

Form type
4
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 12:55 PM ET
Size
22.6 KB
View on SEC.gov