ADAMS MICHAEL G 4
4 · LSB INDUSTRIES INC · Filed Jun 19, 2009
Insider Transaction Report
Form 4
ADAMS MICHAEL G
VP/Corporate Controller
Transactions
- Sale
Common Stock
2009-06-18$15.92/sh−700$11,144→ 10,604 total(indirect: By Trust) - Gift
Common Stock
2009-06-18−604→ 10,000 total(indirect: By Trust)
Holdings
- 15,000
Incentive Stock Option
Exercise: $7.86Exp: 2018-11-13→ Common Stock (15,000 underlying) - 10,000
Incentive Stock Option
Exercise: $2.73Exp: 2011-11-29→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]On June 18, 2009, the reporting person sold a total of 700 shares of the Issuer's common stock at the weighted average price per share of $15.92, which is based on the following sales of the Issuer's common stock at the respective price per share: (a) $15.92 - 600 shares, and (b) $15.91 - 100 shares.
- [F2]These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust.
- [F3]Incentive Stock Option ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. Each ISO is for a term of ten years from the date of grant. An ISO for 10,000 shares of the Issuer's common stock exercisable at $2.73, with an expiration date of November 29, 2011, was granted to the reporting person on November 29, 2001. This ISO is fully vested. An ISO for 15,000 shares of the Issuer's common stock exercisable at $7.86, with an expiration date of November 13, 2018, was granted to the reporting person on November 13, 2008. This ISO 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 ISO will be fully vested at the end of year six. As of the date of this report, the total number of shares underlying the two ISOs is 25,000.