ACKERMAN RAYMOND BASIL 4
4 · LSB INDUSTRIES INC · Filed Nov 10, 2010
Insider Transaction Report
Form 4
ACKERMAN RAYMOND BASIL
Director
Transactions
- Sale
Common Stock
2010-11-08$23.20/sh−2,000$46,400→ 9,600 total(indirect: By Trust)
Holdings
- 5,000
Nonqualified Stock Option
Exercise: $7.86Exp: 2018-11-13→ Common Stock (5,000 underlying) - 1,450(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]These shares are held by the Lucille F. Ackerman Living Trust, a revocable trust, of which the reporting person's spouse is the settlor and trustee and possesses a vested interest in the income and corpus of the trust.
- [F2]These shares are held by the Raymond B. Ackerman Living Trust, a revocable trust, of which Mr. Ackerman is the settlor and trustee and possesses a vested interest in the income and corpus of the trust.
- [F3]Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan. 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 will be fully vested at the end of year six.