4//SEC Filing
LSB INDUSTRIES INC 4
Accession 0001181431-07-055011
$LXUCIK 0000060714operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 9:14 PM ET
Size
9.2 KB
Accession
0001181431-07-055011
Insider Transaction Report
Form 4
SBL, LLC
10% Owner
Transactions
- Disposition to Issuer
$3.25 Preferred
2007-08-27−9,050→ 0 totalExercise: $11.55→ Common - Disposition to Issuer
$3.25 Preferred
2007-08-27−14,033→ 0 total(indirect: By GPC)Exercise: $11.55→ Common
Footnotes (2)
- [F1]Issuer's $3.25 Convertible Exchangeable Class C Preferred Stock, Series 2 ("$3.25 Preferred"). All outstanding shares of the Issuer's $3.25 Preferred, including 9,050 shares of $3.25 Preferred held by SBL Corp ("SBL") and 14,033 held by SBL's wholly-owned subsidiary, Golsen Petroleum Corporation ("GPC") were redeemed by the Issuer on August 27, 2007, pursuant to the notice of redemption mailed on July 12, 2007, to all holders of record of the Issuer's $3.25 Preferred. The redemption price was $50.00 per share of $3.25 Preferred, plus $26.25 per share in accrued and unpaid dividends pro-rata to the date of redemption. Pursuant to the terms of the $3.25 Preferred, each share of $3.25 Preferred was convertible at the option of the holder into 4.329 shares of the Company's common stock until 10 days prior to the redemption date.
- [F2]On May 29, 2007, the former owners of SBL contributed 49% of the common stock of SBL to the Golsen Family LLC (the "LLC"), resulting in the SBL being currently owned by the LLC (49% owner), Barry Golsen (17% owner), Steven Golsen (17% owner), and the sister of Barry and Steven Golsen (17% owner). 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. The redemption by SBL and GPC was preapproved by the issuer's board of directors.
Documents
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000060714
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 9:14 PM ET
- Size
- 9.2 KB