SHEAR HEIDI L BROWN 4
4 · LSB INDUSTRIES INC · Filed Jan 10, 2011
Insider Transaction Report
Form 4
SHEAR DAVID MICHAEL
Senior VP/General Counsel/Sec
Transactions
- Sale
Common Stock
2011-01-07$28.00/sh−8,988$251,664→ 0 total(indirect: By Trust)
Holdings
- 60,581(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]The designated reporting person is David M. Shear. Mr. Shear's spouse, Heidi L. Brown Shear, jointly files this report with Mr. Shear. Heidi Shear is Vice President, Managing Counsel and Assistant Secretary of the Issuer. These shares are held in an account jointly owned by David Shear's revocable trust, of which he is settlor and trustee, and Heidi Shear's revocable trust, of which she is settlor and trustee. This amount does not include, and David Shear disclaims beneficial ownership of 8,988 shares held by two trusts established for the benefit of each of the reporting persons' children. Please see footnote (2) for a description of the children's trusts.
- [F2]These shares are held by two trusts established for the benefit of each of the reporting persons' children, of which Heidi Shear is the trustee and exercises investment and dispositive control over the trusts' portfolio securities. These shares were sold pursuant to the terms of the trusts' respective Programmed Plan of Transactions under Rule 10b5-1, dated March 15, 2010.