ILLE BERNARD G 4
4 · LSB INDUSTRIES INC · Filed Jul 1, 2009
Insider Transaction Report
Form 4
ILLE BERNARD G
Director
Transactions
- Exercise/Conversion
Common Stock
2009-06-30$1.25/sh+15,000$18,750→ 25,000 total - Gift
Common Stock
2009-07-01−15,000→ 10,000 total - Exercise/Conversion
Nonqualfied Stock Option
2009-06-30−15,000→ 0 totalExercise: $1.25Exp: 2009-07-08→ Common Stock (15,000 underlying)
Holdings
- 5,000
Nonqualified Stock Option
Exercise: $7.86Exp: 2018-11-13→ Common Stock (5,000 underlying) - 5,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]These shares are held by the revocable trust of the reporting person's spouse, of which the reporting person's spouse is the settlor and trustee. The reporting person shares with his spouse voting and dispositive power over the issuer securities held in his spouse's revocable trust.
- [F2]These shares are held by the revocable trust of the reporting person, of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust.
- [F3]Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Plans. Each NQSO is for a term of ten years from the date of grant, and the exercise price of each NQSO is based on the fair market value of the Issuer's common stock on the date of grant. An NQSO for 15,000 shares of the Issuer's common stock exercisable at $1.25, with an expiration date of July 8, 2009, was granted to the reporting person on July 9, 1999. This NQSO is fully vested. An NQSO for 5,000 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 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 will be fully vested at the end of year six. As of the date of this report, the total number of shares underlying all NQSOs is 5,000.