LSB INDUSTRIES INC 4
4 · LSB INDUSTRIES INC · Filed Apr 27, 2015
Insider Transaction Report
Form 4
ADAMS MICHAEL G
VP/Corporate Controller
Transactions
- Sale
Common Stock
2015-04-23$45.00/sh−1,981$89,145→ 17,444 total(indirect: By Trust) - Sale
Common Stock
2015-04-27$46.73/sh−2,319$108,367→ 14,425 total(indirect: By Trust) - Sale
Common Stock
2015-04-24$45.13/sh−700$31,591→ 16,744 total(indirect: By Trust)
Holdings
- 3,575
Incentive Stock Option
Exercise: $7.86Exp: 2018-11-13→ Common Stock (3,575 underlying)
Footnotes (5)
- [F1]These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust.
- [F2]Incentive Stock Options ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. An ISO for 15,000 shares of the Issuer's common stock exercisable at $7.86, with an expiration date of November 13, 2018, was granted to the reporting person on November 13, 2008. This ISO 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 ISO is fully vested. As of the date of this report, the total number of shares available for exercise under this ISO is 3,575.
- [F3]These shares were sold pursuant to the reporting person's Rule 10b5-1 Sales Plan adopted on May 20, 2014.
- [F4]On April 24, 2015, the reporting person sold a total of 700 shares of the Issuer's common stock at the weighted average price per share of $45.13, which is based on multiple prices ranging from $45.04 to $45.19 per share. 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 such range.
- [F5]On April 27, 2015, the reporting person sold a total of 2,319 shares of the Issuer's common stock at the weighted average price per share of $46.7258, which is based on multiple prices ranging from $46.60 to $47.13 per share. 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 such range.