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4//SEC Filing

GOLSEN JACK E 4

Accession 0001140361-12-037343

CIK 0000060714other
View on SEC.govCompany Profile

Filed

Aug 14, 8:00 PM ET

Accepted

Aug 15, 6:25 PM ET

Size

21.8 KB

Accession

0001140361-12-037343

Insider Transaction Report

Form 4
Period: 2012-08-13
LSB INDUSTRIES INCLXU
GOLSEN JACK E
DirectorChairman of the Board and CEO10% Owner
Transactions
  • Sale

    Common Stock

    2012-08-13$36.56/sh−46,710$1,707,718→ 53,290 total(indirect: By Trust)
  • Sale

    Common Stock

    2012-08-14$36.59/sh−5,708$208,856→ 47,582 total(indirect: By Trust)
  • Sale

    Common Stock

    2012-08-15$36.55/sh−23,230$849,056→ 24,352 total(indirect: By Trust)
Holdings

  • Common Stock

    (indirect: By Trust)
    569,304

  • Series D Preferred

    (indirect: By SBL)
    → Common Stock (250,000 underlying)
    1,000,000

  • Common Stock

    (indirect: By Spouse)
    15,876

  • Common Stock

    (indirect: By SBL)
    1,900,754

  • Common Stock

    4,000

  • Common Stock

    (indirect: By LLC)
    15,392

  • Series B Preferred

    (indirect: By LLC)
    → Common Stock (133,333 underlying)
    4,000

  • Series B Preferred

    (indirect: By SBL)
    → Common Stock (533,333 underlying)
    16,000
GOLSEN SYLVIA H
10% Owner
Transactions
  • Sale

    Common Stock

    2012-08-13$36.56/sh−46,710$1,707,718→ 53,290 total(indirect: By Trust)
  • Sale

    Common Stock

    2012-08-14$36.59/sh−5,708$208,856→ 47,582 total(indirect: By Trust)
  • Sale

    Common Stock

    2012-08-15$36.55/sh−23,230$849,056→ 24,352 total(indirect: By Trust)
Holdings

  • Common Stock

    4,000

  • Common Stock

    (indirect: By Spouse)
    15,876

  • Common Stock

    (indirect: By Trust)
    569,304

  • Common Stock

    (indirect: By LLC)
    15,392

  • Common Stock

    (indirect: By SBL)
    1,900,754

  • Series D Preferred

    (indirect: By SBL)
    → Common Stock (250,000 underlying)
    1,000,000

  • Series B Preferred

    (indirect: By SBL)
    → Common Stock (533,333 underlying)
    16,000

  • Series B Preferred

    (indirect: By LLC)
    → Common Stock (133,333 underlying)
    4,000
Footnotes (10)
  • [F1]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, director and the president of the Issuer (4.323%), and Steven J. Golsen, a director of the Issuer and an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda F. Rappaport (4.323%). Jack E. Golsen shares voting and dispositive power with his spouse over the Issuer securities held by GFLLC and shares voting and dispositive power over the Issuer securities held by SBL (see footnote 2). The reporting persons report beneficial ownership of all securities held by GFLLC and SBL due to Jack E. Golsen's shared voting and dispositive power over the securities beneficially owned by GFLLC and SBL, but disclaim beneficial ownership of such securities, except to the extent of their respective pecuniary interest therei
  • [F10]On August 15, 2012, the Jack E. Golsen 1992 Trust sold a total of 23,230 shares of the Issuer's common stock at the weighted average price per share of $36.55, which is based on multiple prices ranging from $36.50 to $36.65. 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 the range.
  • [F2]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 1,616,799 shares of common stock owned directly by SBL and 283,955 shares of common stock owned directly by GPC, and the amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned directly 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 H. Golsen, a director and the president of the Issuer.
  • [F3]These shares of common stock are owned of record by the reporting person through his trust, the Jack E. Golsen 1992 Trust, of which the reporting person is settlor and trustee, with voting and dispositive power over the securities held in the trust.
  • [F4]These shares of common stock are owned of record by the reporting person's spouse, through her trust, the Sylvia H. Golsen 1992 Trust, of which Sylvia H. Golsen is settlor and trustee.
  • [F5]These shares are held by separate trusts established for the benefit of the children, grandchildren and a great-grandchild (the "Trusts") of the reporting persons, of which Jack E. Golsen is the settlor and sole trustee. The amount shown is the aggregate number of shares held in the Trusts. No single Trust has more than one beneficiary. As the sole trustee, Mr. Golsen possesses sole voting and dispositive power over the Issuer securities held in the Trusts, but holds no pecuniary interest in the securities held by the Trusts.
  • [F6]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.
  • [F7]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.
  • [F8]On August 13, 2012, the Jack E. Golsen 1992 Trust sold a total of 46,710 shares of the Issuer's common stock at the weighted average price per share of $36.56, which is based on multiple prices ranging from $36.50 to $37.09. 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 the range.
  • [F9]On August 14, 2012, the Jack E. Golsen 1992 Trust sold a total of 5,708 shares of the Issuer's common stock at the weighted average price per share of $36.59, which is based on multiple prices ranging from $36.50 to $36.75. 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 the range.

Documents

1 file

Issuer

LSB INDUSTRIES INC

CIK 0000060714

→
Entity typeother

Related Parties

1
  • filerCIK 0001005712

Filing Metadata

Form type
4
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 6:25 PM ET
Size
21.8 KB
View on SEC.gov