LSB INDUSTRIES INC 4
4 · LSB INDUSTRIES INC · Filed Jun 7, 2016
Insider Transaction Report
Form 4
SANDERS RICHARD S JR
Director
Transactions
- Award
Common Stock
2016-06-03+4,609→ 4,609 total
Holdings
- 1,250(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Restricted Stock Units granted pursuant to the LSB Industries, Inc. 2016 Long Term Incentive Plan. Each Restricted Stock Unit represents a right to receive one share of common stock of LXU which, following the July 1, 2016 grant date, shall be nonforfeitable. The Restricted Stock Units will be settled in common stock of LXU within thirty days following the earliest to occur of: (i) the director's separation from service, (ii) the third anniversary of the grant date, and (iii) the occurrence of a change of control.
- [F2]These shares are owned of record jointly by revocable trusts for the benefit of the reporting person and the reporting person's spouse. The reporting person and the reporting person's spouse are each the trustees of such trusts and jointly possess voting and dispositive power over the shares held by the trusts.