0001140361-11-015515.txt : 20110309
0001140361-11-015515.hdr.sgml : 20110309
20110309194844
ACCESSION NUMBER: 0001140361-11-015515
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110307
FILED AS OF DATE: 20110309
DATE AS OF CHANGE: 20110309
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LSB INDUSTRIES INC
CENTRAL INDEX KEY: 0000060714
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810]
IRS NUMBER: 731015226
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 16 S PENNSYLVANIA
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73101
BUSINESS PHONE: 4052354546
MAIL ADDRESS:
STREET 1: 16 SOUTH PENNSYLVANIA
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73101
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SBL, LLC
CENTRAL INDEX KEY: 0001005710
STATE OF INCORPORATION: OK
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07677
FILM NUMBER: 11676462
BUSINESS ADDRESS:
STREET 1: P O BOX 705
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73102
BUSINESS PHONE: 4052354546
MAIL ADDRESS:
STREET 1: P O BOX 705
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73102
FORMER NAME:
FORMER CONFORMED NAME: SBL CORP
DATE OF NAME CHANGE: 19960110
4
1
doc1.xml
FORM 4
X0303
4
2011-03-07
0
0000060714
LSB INDUSTRIES INC
LXU
0001005710
SBL, LLC
P O BOX 705
OKLAHOMA CITY
OK
73102
0
0
1
0
Common Stock
1886054
D
5.5% Convertible Debentures
2011-03-07
4
S
0
2000000
2506600
D
2012-07-01
Common Stock
72800
2000000
D
Series B Preferred
Common Stock
533333
16000
D
Series D Preferred
Common Stock
250000
1000000
D
SBL, LLC ("SBL") is owned by Golsen Family, L.L.C. ("GFLLC") (49%), Barry Golsen, a director and the president of the Issuer (17%), Steven Golsen, executive officer of a subsidiary of the Issuer (17%), and Jack E. Golsen's daughter, Linda F. Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,602,099 shares owned by SBL and 283,955 shares owned directly by GPC, and 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 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.
GFLLC is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (45.923%), his spouse, Sylvia Golsen through her revocable trust (45.923%), his sons, Barry Golsen (2.718%), and Steven Golsen (2.718%), and his daughter, Linda Rappaport (2.718%).
The Issuer's 5.5% Convertible Senior Subordinated Debentures due 2012 (the "Debentures") are convertible at any time at the option of the holder in whole or in part into the Issuer's common stock prior to their maturity. The conversion rate of the Debentures is 36.4 shares of the Issuer's common stock per $1,000 principal amount of Debentures (representing a conversion price of $27.47 per share of common stock), subject to adjustment under certain conditions as set forth in the Indenture, dated June 28, 2007 (the "Indenture"), by the Issuer in favor of UMB Bank, N.A., as Trustee, filed as Exhibit 4.2 to the Issuer's Form 8-K on June 29, 2007. The Debentures bear interest at the rate of 5.5% per year and mature on July 1, 2012.
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.
In addition to the aggregate amount shown, SBL received $21,083.33 for 69 days of accrued interest for the $2,000,000 in Debentures sold.
Jack E Golsen, Manager
2011-03-09