PERRY RONALD V 4
4 · LSB INDUSTRIES INC · Filed May 17, 2011
Insider Transaction Report
Form 4
PERRY RONALD V
Director
Transactions
- Exercise/Conversion
Common Stock
2011-05-13$7.86/sh+1,000$7,860→ 1,000 total - Exercise/Conversion
Nonqualfied Stock Option
2011-05-13−1,000→ 4,000 totalExercise: $7.86Exp: 2018-11-13→ Common Stock (1,000 underlying) - Sale
Common Stock
2011-05-17$43.40/sh−1,000$43,400→ 0 total
Footnotes (2)
- [F1]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 10 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.
- [F2]These shares were sold at the weighted average price per share of $43.40, which is based on multiple prices ranging from $43.21 to $43.48. 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.