BROWN ROBERT C MD 4
4 · LSB INDUSTRIES INC · Filed Mar 30, 2011
Insider Transaction Report
Form 4
BROWN ROBERT C MD
Director
Transactions
- Sale
Common Stock
2011-03-28$40.00/sh−10,000$400,000→ 21,160 total(indirect: By Trust) - Sale
Common Stock
2011-03-28$40.00/sh−10,000$400,000→ 40,727 total(indirect: By Robert C. Brown, M.D., Inc.)
Holdings
- 5,000
Nonqualified Stock Option
Exercise: $7.86Exp: 2018-11-13→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]These shares were sold pursuant to a Rule 10b5-1 sales plan, dated March 10, 2011. These shares are held in a joint account owned by the Robert C. Brown Revocable Trust, DTD 08/27/99, of which the reporting person is settlor and trustee and the Zelda F. Brown Revocable Trust, DTD 08/27/99, of which the reporting person's spouse is settlor and trustee.
- [F2]These shares were sold pursuant to a Rule 10b5-1 sales plan, dated March 10, 2011.
- [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 November 13, 2008, 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.