0001140361-12-037343.txt : 20120815 0001140361-12-037343.hdr.sgml : 20120815 20120815182524 ACCESSION NUMBER: 0001140361-12-037343 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120813 FILED AS OF DATE: 20120815 DATE AS OF CHANGE: 20120815 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLSEN JACK E CENTRAL INDEX KEY: 0001005712 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07677 FILM NUMBER: 121038162 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLSEN SYLVIA H CENTRAL INDEX KEY: 0001005713 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07677 FILM NUMBER: 121038161 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 4 1 doc1.xml FORM 4 X0306 4 2012-08-13 0 0000060714 LSB INDUSTRIES INC LXU 0001005712 GOLSEN JACK E P O BOX 705 OKLAHOMA CITY OK 73102 1 1 1 0 Chairman of the Board and CEO 0001005713 GOLSEN SYLVIA H P O BOX 705 OKLAHOMA CITY OK 73102 0 0 1 0 Common Stock 4000 D Common Stock 2012-08-13 4 S 0 46710 36.56 D 53290 I As Trustee Common Stock 2012-08-14 4 S 0 5708 36.59 D 47582 I As Trustee Common Stock 2012-08-15 4 S 0 23230 36.55 D 24352 I As Trustee Common Stock 15876 I By Spouse Common Stock 569304 I As Trustee Common Stock 15392 I By GFLLC Common Stock 1900754 I By SBL Series D Preferred Common Stock 250000 1000000 I By SBL Series B Preferred Common Stock 533333 16000 I By SBL Series B Preferred Common Stock 133333 4000 I By GFLLC 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%), his spouse, Sylvia Golsen through her revocable trust (43.516%), his sons, Barry H. Golsen, director and the president of the Issuer (4.323%), and Steven J. Golsen, a director of the Issuer and an executive officer of a subsidiary of the Issuer (4.323%), and his daughter, Linda F. Rappaport (4.323%). Jack E. Golsen shares voting and dispositive power with his spouse over the Issuer securities held by GFLLC and shares voting and dispositive power over the Issuer securities held by SBL (see footnote 2). The reporting persons report beneficial ownership of all securities held by GFLLC and SBL due to Jack E. Golsen's shared voting and dispositive power over the securities beneficially owned by GFLLC and SBL, but disclaim beneficial ownership of such securities, except to the extent of their respective pecuniary interest therei 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 1,616,799 shares of common stock owned directly by SBL and 283,955 shares of common stock owned directly by GPC, and the amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned directly 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 H. Golsen, a director and the president of the Issuer. These shares of common stock are owned of record by the reporting person through his trust, the Jack E. Golsen 1992 Trust, of which the reporting person is settlor and trustee, with voting and dispositive power over the securities held in the trust. These shares of common stock are owned of record by the reporting person's spouse, through her trust, the Sylvia H. Golsen 1992 Trust, of which Sylvia H. Golsen is settlor and trustee. These shares are held by separate trusts established for the benefit of the children, grandchildren and a great-grandchild (the "Trusts") of the reporting persons, of which Jack E. Golsen is the settlor and sole trustee. The amount shown is the aggregate number of shares held in the Trusts. No single Trust has more than one beneficiary. As the sole trustee, Mr. Golsen possesses sole voting and dispositive power over the Issuer securities held in the Trusts, but holds no pecuniary interest in the securities held by the Trusts. 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. 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. On August 13, 2012, the Jack E. Golsen 1992 Trust sold a total of 46,710 shares of the Issuer's common stock at the weighted average price per share of $36.56, which is based on multiple prices ranging from $36.50 to $37.09. 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. On August 14, 2012, the Jack E. Golsen 1992 Trust sold a total of 5,708 shares of the Issuer's common stock at the weighted average price per share of $36.59, which is based on multiple prices ranging from $36.50 to $36.75. 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. On August 15, 2012, the Jack E. Golsen 1992 Trust sold a total of 23,230 shares of the Issuer's common stock at the weighted average price per share of $36.55, which is based on multiple prices ranging from $36.50 to $36.65. 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. Jack E. Golsen 2012-08-15 Jack E. Golsen, Attorney-in-Fact for Sylvia H. Golsen 2012-08-15