LAPIDUS GAIL 4
4 · LSB INDUSTRIES INC · Filed Dec 6, 2011
Insider Transaction Report
Form 4
LAPIDUS GAIL
Director
Transactions
- Award
Nonqualfied Stock Option
2011-11-14+5,000→ 5,000 totalExercise: $34.50Exp: 2021-11-14→ Common Stock (5,000 underlying)
Holdings
- 125
Common Stock
Footnotes (1)
- [F1]Nonqualified Stock Option ("NQSO") granted on November 14, 2011, 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, $34.50, 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. As of the date of this report, the total number of shares underlying the NQSO is 5,000.