SHELLEY JOHN A 4
4 · LSB INDUSTRIES INC · Filed Dec 9, 2010
Insider Transaction Report
Form 4
SHELLEY JOHN A
Director
Transactions
- Exercise/Conversion
Common Stock
2010-12-07$7.86/sh+1,650$12,969→ 1,880 total - Exercise/Conversion
Nonqualfied Stock Option
2010-12-07−1,650→ 3,350 totalExercise: $7.86Exp: 2018-11-13→ Common Stock (1,650 underlying) - Sale
Common Stock
2010-12-07$24.37/sh−1,650$40,211→ 230 total
Footnotes (2)
- [F1]These shares were sold at the weighted average price per share of $24.37, which is based on multiple sale prices ranging from $24.33 to $24.40. The reporting person undertakes 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.
- [F2]Nonqualified Stock Option ("NQSO") granted on November 13, 2008, 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.