SHELLEY JOHN A 4
4 · LSB INDUSTRIES INC · Filed Nov 30, 2011
Insider Transaction Report
Form 4
SHELLEY JOHN A
Director
Transactions
- Exercise/Conversion
Common Stock
2011-11-29$7.86/sh+825$6,485→ 1,055 total - Exercise/Conversion
Nonqualfied Stock Option
2011-11-29−825→ 2,525 totalExercise: $7.86Exp: 2018-11-13→ Common Stock (825 underlying)
Footnotes (1)
- [F1]Nonqualified Stock Option ("NQSO") granted on November 13, 2008, 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 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.