0001140361-13-012731.txt : 20130315
0001140361-13-012731.hdr.sgml : 20130315
20130315164734
ACCESSION NUMBER: 0001140361-13-012731
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130313
FILED AS OF DATE: 20130315
DATE AS OF CHANGE: 20130315
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GOLSEN STEVEN
CENTRAL INDEX KEY: 0001005715
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07677
FILM NUMBER: 13694725
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
2013-03-13
0
0000060714
LSB INDUSTRIES INC
LXU
0001005715
GOLSEN STEVEN
P O BOX 705
OKLAHOMA CITY
OK
73102
1
0
1
0
Common Stock
243493
I
By Trust
Common Stock
37975
I
By GFLLC
Common Stock
2013-03-13
4
S
0
5780
39.42
D
299429
I
By SBL
Series B Preferred
Common Stock
17061
512
I
By GFLLC
Series B Preferred
Common Stock
90666
2720
I
By SBL
Series D Preferred
Common Stock
5296
21183
I
By GFLLC
Series D Preferred
Common Stock
42500
170000
I
By SBL
These shares are owned of record by the reporting person's revocable trusts, of which the reporting person is the settlor and trustee and possesses voting and dispositive power over the securities held in the trust.
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 another 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%). The Issuer securities reported as beneficially owned by GFLLC includes the shares beneficially owned by GFLLC through SBL (see footnote 3). The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of his pecuniary interest therein.
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 1,477,399 shares owned by SBL and 283,955 shares 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.
The amount of Issuer securities shown as beneficially owned by the reporting person is based on the reporting person's proportionate ownership in (1) GFLLC, which is comprised of (a) GFLLC's direct ownership of Issuer securities and (b) GFLLC's indirect ownership of Issuer securities through its proportionate ownership in SBL, and (2) SBL, which is comprised of (a) SBL's direct ownership of Issuer securities and (b) SBL's indirect ownership of Issuer securities through GPC. The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of his pecuniary interest therein.
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 March 13, 2013, SBL sold a total of 34,000 shares of the Issuer's common stock at the weighted average price per share of $39.42, which is based on multiple prices ranging from $39.24 to $39.68. 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, Attorney-In-Fact
2013-03-15