LSB INDUSTRIES INC 4
4 · LSB INDUSTRIES INC · Filed Apr 23, 2015
Insider Transaction Report
Form 4
BUTKIN ROBERT A
Director
Transactions
- Exercise/Conversion
Nonqualified Stock Option
2015-04-22−1,000→ 3,000 totalExercise: $7.86Exp: 2018-11-13→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2015-04-22$7.86/sh+1,000$7,860→ 2,393 total(indirect: By Trust)
Holdings
- 1,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Butkin Investment Company, LLC (the "LLC") is owned by the reporting person, through his revocable trust, certain other trusts over which the reporting person holds voting and dispositive power, and BRJN Capital Corporation, of which the reporting person serves as its President. Voting and dispositive power over the securities held by the LLC is possessed by the reporting person, who is the Manager of the LLC. The reporting person disclaims beneficial ownership of the Issuer securities held by the LLC, except to the extent of his pecuniary interest therein.
- [F2]These shares are held in certain trusts over which the reporting person holds voting and dispositive power.
- [F3]Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan on November 13, 2008. 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 is fully vested.