4//SEC Filing
RAPPAPORT LINDA F 4
Accession 0001140361-11-036473
CIK 0000060714other
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 6:32 PM ET
Size
19.6 KB
Accession
0001140361-11-036473
Insider Transaction Report
Form 4
RAPPAPORT LINDA F
10% Owner
Transactions
- Sale
Common Stock
2011-07-07$45.01/sh−1,652$74,357→ 55,253 total(indirect: By LLC)
Holdings
- 170,000(indirect: By SBL)
Series D Preferred
→ Common Stock (42,500 underlying) - 81,433(indirect: By Spouse)
Common Stock
- (indirect: By LLC)
5.5% Convertible Debentures
→ Common Stock (1,542 underlying) - 512(indirect: By LLC)
Series B Preferred
→ Common Stock (17,061 underlying) - 21,183(indirect: By LLC)
Series D Preferred
→ Common Stock (5,296 underlying) - 30,000
Common Stock
- 320,629(indirect: By SBL)
Common Stock
- (indirect: By SBL)
5.5% Convertible Debentures
→ Common Stock (12,376 underlying) - 2,720(indirect: By SBL)
Series B Preferred
→ Common Stock (90,666 underlying)
Footnotes (9)
- [F1]These shares are owned of record by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for any purpose, including Section 16 of the Securities Exchange Act of 1934, as amended.
- [F2]Golsen Family, L.L.C. ("GFLLC") is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (43.516%), his spouse, Sylvia Golsen through her revocable trust (43.516%), his sons, Barry H. Golsen, a director and the president of the Issuer (4.323%), and Steven J. Golsen, executive officer of a subsidiary of the Issuer (4.323%), and his daughter, the reporting person (4.323%). The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of her pecuniary interest therein.
- [F3]SBL, LLC ("SBL") is owned by GFLLC (49%), Barry Golsen (17%), Steven Golsen (17%), and Linda 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 shared by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry Golsen, a director and the president of the Issuer.
- [F4]The amount of Issuer securities shown as beneficially owned by the reporting person is based on the reporting person's proportionate ownership in (1) GFLLC, which is comprised of (a) GFLLC's direct ownership of Issuer securities and (b) GFLLC's indirect ownership of Issuer securities through its proportionate ownership in SBL, and (2) SBL, which is comprised of SBL's direct ownership of Issuer securities.
- [F5]The Issuer's 5.5% Convertible Senior Subordinated Debentures due in 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.
- [F6]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.
- [F7]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.
- [F8]The shares were sold pursuant to the Rule 10b5-1 Sales Plan adopted by GFLLC on March 24, 2011.
- [F9]On July 7, 2011, GFLLC sold a total of 38,215 shares of the Issuer's common stock, at the weighted average price per share of $45.01, which is based on multiple prices ranging from $45.00 to $45.10. 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.
Documents
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeother
IncorporatedOK
Related Parties
1- filerCIK 0001005711
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 6:32 PM ET
- Size
- 19.6 KB