4//SEC Filing
LSB INDUSTRIES INC 4
Accession 0001140361-13-011114
$LXUCIK 0000060714operating
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 7:12 PM ET
Size
13.5 KB
Accession
0001140361-13-011114
Insider Transaction Report
Form 4
SBL, LLC
10% Owner
Transactions
- Sale
Common Stock
2013-03-04$38.02/sh−65,150$2,477,003→ 1,835,604 total - Sale
Common Stock
2013-03-05$38.78/sh−34,850$1,351,483→ 1,800,754 total - Gift
Common Stock
2012-04-12−5,400→ 1,795,354 total
Holdings
- 1,000,000
Series D Preferred
→ Common Stock (250,000 underlying) - 16,000
Series B Preferred
→ Common Stock (533,333 underlying)
Footnotes (7)
- [F1]SBL, LLC ("SBL") is owned by Golsen Family, L.L.C. ("GFLLC") (49%), Barry Golsen, a director and the president of the Issuer (17%), Steven Golsen, a director of the Issuer and an executive officer of a subsidiary of the Issuer (17%), and Jack E. Golsen's daughter, Linda F. Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,511,399 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 possessed 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.
- [F2]GFLLC is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (43.516%) and through another trust (43.516%), his sons, Barry Golsen (4.323%), and Steven Golsen (4.323%), and his daughter, Linda Rappaport (4.323%).
- [F3]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.
- [F4]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.
- [F5]On March 4, 2013, the reporting person sold a total of 65,150 shares of the Issuer's common stock at the weighted average price per share of $38.02, which is based on multiple prices ranging from $38.00 to $38.13. 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.
- [F6]On March 5, 2013, the reporting person sold a total of 34,850 shares of the Issuer's common stock at the weighted average price per share of $38.78, which is based on multiple prices ranging from $38.56 to $39.05. 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.
- [F7]Of these shares, 200,000 shares of the Issuer's common stock were pledged as collateral.
Documents
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000060714
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 7:12 PM ET
- Size
- 13.5 KB