LSB INDUSTRIES INC 4
4 · LSB INDUSTRIES INC · Filed Jan 22, 2008
Insider Transaction Report
Form 4
SHEAR DAVID MICHAEL
Senior VP/General Counsel/Sec
Transactions
- Award
Common Stock
2008-01-18$1.25/sh+26,392$32,990→ 26,392 total - Award
Common Stock
2008-01-18$1.25/sh+12,760$15,950→ 12,760 total - Gift
Common Stock
2008-01-18+39,152→ 66,429 total(indirect: By Trust) - Exercise/Conversion
Incentive Stock Option
2008-01-18−12,760→ 0 totalExercise: $1.25From: 1999-07-08Exp: 2009-07-08→ Common Stock (12,760 underlying) - Exercise/Conversion
Incentive Stock Option
2008-01-18−26,392→ 24,152 totalExercise: $1.25From: 1999-07-08Exp: 2009-07-08→ Common Stock (26,392 underlying) - Gift
Common Stock
2008-01-18−12,760→ 0 total - Gift
Common Stock
2008-01-18−26,392→ 0 total
Holdings
- 22,988(indirect: By Trust)
Common Stock
- 15,000
Incentive Stock Option
Exercise: $2.73From: 2001-11-29Exp: 2011-11-29→ Common Stock (15,000 underlying)
Footnotes (5)
- [F1]The designated reporting person is David M. Shear. Mr. Shear's spouse, Heidi L. Brown Shear, jointly files this report with Mr. Shear. Heidi Shear is Vice President, Managing Counsel and Assistant Secretary of the Issuer. These shares are held in an account jointly owned by David Shear's revocable trust, of which he is settlor and trustee, and Heidi Shear's revocable trust, of which she is settlor and trustee. This amount does not include, and David Shear disclaims beneficial ownership of 22,988 shares held by two trusts established for the benefit of each of the reporting persons' children. Please see footnote (2) for a description of the children's trusts.
- [F2]These shares are held by two trusts established for the benefit of each of the reporting persons' children, of which Heidi Shear is the trustee and exercises investment and dispositive control over the trusts' portfolio securities.
- [F3]On January 18, 2007, David Shear acquired 26,392 shares of common stock upon the exercise of Incentive Stock Options ("ISOs") owned directly by David Shear. All ISOs held by him are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs held by Mr. Shear is 39,152.
- [F4]The reporting person contributed these shares acquired upon exercise of ISOs to the reporting person's revocable trust. Immediately following such contribution, the shares were transferred into the joint account owned by the reporting person's revocable trust and the revocable trust of the reporting person's spouse. See footnote (1) for description of the revocable trusts and the joint account.
- [F5]On January 18, 2007, Heidi Shear acquired 12,760 shares of common stock upon the exercise of ISOs owned directly by Heidi Shear. As of the date of this report, and following the exercise reported herein, there are no shares remaining under these ISOs.