4//SEC Filing
LSB INDUSTRIES INC 4
Accession 0001140361-13-037069
$LXUCIK 0000060714operating
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 6:19 PM ET
Size
15.3 KB
Accession
0001140361-13-037069
Insider Transaction Report
Form 4
GOLSEN STEVEN
10% Owner
Transactions
- Sale
Common Stock
2013-09-24$33.72/sh−5,100$171,972→ 294,329 total(indirect: By SBL)
Holdings
- 21,183(indirect: By LLC)
Series D Preferred
→ Common Stock (5,296 underlying) - 243,493(indirect: By Trust)
Common Stock
- 37,340(indirect: By LLC)
Common Stock
- 512(indirect: By LLC)
Series B Preferred
→ Common Stock (17,061 underlying) - 2,720(indirect: By SBL)
Series B Preferred
→ Common Stock (90,666 underlying) - 170,000(indirect: By SBL)
Series D Preferred
→ Common Stock (42,500 underlying)
Footnotes (7)
- [F1]These shares are owned of record by the reporting person's revocable trusts, of which the reporting person is the settlor and trustee and possesses voting and dispositive power over the securities held in the trust.
- [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%) and another trust (43.516%), his sons, Barry Golsen, director and the president of the Issuer (4.323%), and Steven Golsen, a director of the Issuer and an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda Rappaport (4.323%). The Issuer securities reported as beneficially owned by GFLLC include the shares beneficially owned by GFLLC through SBL (see footnote 3). The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of his 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 1,447,399 shares owned directly by SBL and 283,955 shares owned directly by GPC; 200,000 of these shares have been pledged as collateral. 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 (a) SBL's direct ownership of Issuer securities and (b) SBL's indirect ownership of Issuer securities through GPC. The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of his pecuniary interest therein.
- [F5]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.
- [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]On September 24, 2013, SBL sold a total of 30,000 shares of the Issuer's common stock at the weighted average price per share of $33.72, which is based on multiple prices ranging from $33.16 to $34.16. 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
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000060714
Filing Metadata
- Form type
- 4
- Filed
- Sep 25, 8:00 PM ET
- Accepted
- Sep 26, 6:19 PM ET
- Size
- 15.3 KB