Filing Details
- Accession Number:
- 0001140361-14-024938
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-09 19:05:22
- Reporting Period:
- 2014-06-05
- Filing Date:
- 2014-06-09
- Accepted Time:
- 2014-06-09 19:05:22
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
60714 | Lsb Industries Inc | LXU | Industrial Inorganic Chemicals (2810) | 731015226 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1402465 | Golsen Family Llc | 16 South Pennsylvania Avenue Oklahoma City OK 73107 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2014-06-05 | 849 | $40.00 | 1,730,505 | No | 4 | S | Indirect | By SBL |
Common Stock | Disposition | 2014-06-06 | 15,028 | $40.02 | 1,715,477 | No | 4 | S | Indirect | By SBL |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | By SBL |
No | 4 | S | Indirect | By SBL |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 15,392 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Series B Preferred | $0.00 | 133,333 | 4,000 | Direct | ||
Common Stock | Series B Preferred | $0.00 | 533,333 | 16,000 | Indirect | ||
Common Stock | Series D Preferred | $0.00 | 250,000 | 1,000,000 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
133,333 | 4,000 | Direct | |
533,333 | 16,000 | Indirect | |
250,000 | 1,000,000 | Indirect |
Footnotes
- Golsen Family, L.L.C. ("GFLLC") is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (43.516%) and through another trust (43.516%), his sons, Barry Golsen, a director and the president of the Issuer (4.323%), and Steven Golsen, an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda Rappaport (4.323%).
- SBL, LLC ("SBL") is owned by GFLLC (49%), Barry Golsen (17%), Steven Golsen (17%), and Linda Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,431,522 shares of common stock owned directly by SBL and 283,955 shares of common stock owned directly by GPC; 200,000 of these shares have been pledged as collateral. The amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned by SBL and 4,000 shares of the Issuer's Series B Preferred owned directly by GPC. Voting and dispositive power over the securities held by SBL and GPC is shared by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry Golsen, a director and the president of the Issuer.
- Each share of the Issuer's Series "B" 12% Cumulative Preferred Stock is convertible, at the option of the holder into 33.3333 shares of the Issuer's common stock. Each share is convertible as long as such is outstanding.
- The Issuer's Series "D" 6% Cumulative, Convertible Class C Preferred Stock is convertible at the option of the holder into the Issuer's common stock at the rate of four shares of Preferred "D" for one share of common stock. Each share is convertible as long as such is outstanding.
- On June 6, 2014, SBL sold a total of 15,028 shares of the Issuer's common stock at the weighted average price per share of $40.02, which is based on multiple prices ranging from $40.00 to $40.15. 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 the range.