4//SEC Filing
LSB INDUSTRIES INC 4
Accession 0001140361-11-015515
$LXUCIK 0000060714operating
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 7:48 PM ET
Size
11.6 KB
Accession
0001140361-11-015515
Insider Transaction Report
Form 4
SBL, LLC
10% Owner
Transactions
- Sale
5.5% Convertible Debentures
2011-03-07$2506600.00/shExp: 2012-07-01→ Common Stock (72,800 underlying)
Holdings
- 1,000,000
Series D Preferred
→ Common Stock (250,000 underlying) - 1,886,054
Common Stock
- 16,000
Series B Preferred
→ Common Stock (533,333 underlying)
Footnotes (6)
- [F1]SBL, LLC ("SBL") is owned by Golsen Family, L.L.C. ("GFLLC") (49%), Barry Golsen, a director and the president of the Issuer (17%), Steven Golsen, executive officer of a subsidiary of the Issuer (17%), and Jack E. Golsen's daughter, Linda F. Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,602,099 shares owned by SBL and 283,955 shares owned directly by GPC, and the amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned by SBL and 4,000 shares of the Issuer's Series B Preferred owned directly by GPC. Voting and dispositive power over the securities held by SBL and GPC is possessed by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry H. Golsen, a director and the president of the Issuer.
- [F2]GFLLC is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (45.923%), his spouse, Sylvia Golsen through her revocable trust (45.923%), his sons, Barry Golsen (2.718%), and Steven Golsen (2.718%), and his daughter, Linda Rappaport (2.718%).
- [F3]The Issuer's 5.5% Convertible Senior Subordinated Debentures due 2012 (the "Debentures") are convertible at any time at the option of the holder in whole or in part into the Issuer's common stock prior to their maturity. The conversion rate of the Debentures is 36.4 shares of the Issuer's common stock per $1,000 principal amount of Debentures (representing a conversion price of $27.47 per share of common stock), subject to adjustment under certain conditions as set forth in the Indenture, dated June 28, 2007 (the "Indenture"), by the Issuer in favor of UMB Bank, N.A., as Trustee, filed as Exhibit 4.2 to the Issuer's Form 8-K on June 29, 2007. The Debentures bear interest at the rate of 5.5% per year and mature on July 1, 2012.
- [F4]Each share of the Issuer's Series "B" 12% Cumulative Preferred Stock is convertible, at the option of the holder into 33.3333 shares of the Issuer's common stock. Each share is convertible as long as such is outstanding.
- [F5]The Issuer's Series "D" 6% Cumulative, Convertible Class C Preferred Stock is convertible at the option of the holder into the Issuer's common stock at the rate of four shares of Preferred "D" for one share of common stock. Each share is convertible as long as such is outstanding.
- [F6]In addition to the aggregate amount shown, SBL received $21,083.33 for 69 days of accrued interest for the $2,000,000 in Debentures sold.
Documents
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000060714
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 7:48 PM ET
- Size
- 11.6 KB