-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F/IN4UyQknS2u5C83Q4gyFC8WlBofDww7ctBssGKGUg//GSqbwHL0K6KmLQqCaMX 0qwIv4kygI0G+DfRQXvNFg== 0001181431-07-063153.txt : 20071022 0001181431-07-063153.hdr.sgml : 20071022 20071022171403 ACCESSION NUMBER: 0001181431-07-063153 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071019 FILED AS OF DATE: 20071022 DATE AS OF CHANGE: 20071022 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: GOLSEN JACK E CENTRAL INDEX KEY: 0001005712 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07677 FILM NUMBER: 071183712 BUSINESS ADDRESS: STREET 1: P O BOX 705 CITY: OKLAHOMA CITY STATE: OK ZIP: 73101 BUSINESS PHONE: 4052327711 4 1 rrd175659.xml X0202 4 2007-10-19 0 0000060714 LSB INDUSTRIES INC LXU 0001005712 GOLSEN JACK E 16 SOUTH PENNSYLVANIA AVENUE OKLAHOMA CITY OK 73107 1 1 1 0 Chairman of the Board and CEO Common Stock 2007-10-19 4 A 0 176500 1.25 A 176500 D Common Stock 458176 I As Trustee Nonqualified Stock Option 1.25 2007-10-19 4 M 0 176500 D 2009-07-08 Common Stock 176500 0 D Series B Preferred Common Stock 133333 4000 I By GFLLC Series B Preferred Common Stock 533333 16000 I By SBL Series D Preferred Common Stock 250000 1000000 I By SBL Promissory Note Common Stock 4000 1 D Nonqualified Stock Options ("NQSOs") granted by the Issuer to Jack E. Golsen under the Issuer's Non-Qualified Stock Option Agreement - 1999 (the "1999 Plan"), for the purchase of up to 176,500 shares of the Issuer's Common Stock at an option price of $1.25 per share. The 1999 Plan covering 176,500 shares provides that 20% of the NQSOs vest and become exercisable on July 8, 2000, an additional 20% on July 8, 2001, an additional 30% on July 8, 2002, and the remaining 30% on July 8, 2003. The NQSOs were fully vested on July 8, 2003. The 1999 Plan is for a term of ten years from the date of grant. These shares are held by ten trusts established for the benefit of the children, grandchildren and a great-grandchild (the "Trusts") of the reporting person, of which the reporting person is the trustee. The amount shown is the aggregate number of shares held in the Trusts. As the sole trustee, the reporting person possesses voting and dispositive power over the Issuer securities held in the Trusts, but holds no pecuniary interest in the securities held by the Trusts and disclaims beneficial ownership of the shares held in the Trusts. Golsen Family LLC ("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 H. Golsen, director and the president of the Issuer (2.718%), and Steven J. Golsen, executive officer of a subsidiary of the Issuer (2.718%), and his daughter (2.718%). The reporting person disclaims beneficial ownership of the Issuer securities held by GFLLC, except to the extent of his pecuniary interest therein. SBL, LLC (f/k/a SBL Corporation) ("SBL") is owned by GFLLC (49% owner), Barry Golsen (17% owner), Steven Golsen (17% owner), and Linda Rappaport (17% owner). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,512,099 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. 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 Company'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. The reporting person holds a note from the Issuer payable on demand and convertible, at the option of the holder, at the rate of $2.00 for each share of common stock. The principal amount of the note is $8,000. Jack E. Golsen 2007-10-22 -----END PRIVACY-ENHANCED MESSAGE-----