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LSB INDUSTRIES, INC. Director's Dealing 2007

Aug 24, 2007

32699_dirs_2007-08-24_0ae57450-c858-4f4e-aee4-5a3bc7bbbc93.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2007-08-22

Reporting Person: SHELBY ANTONIO M (Director, Executive VP-Finance/CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-08-22 Common Stock S 300 $21.01 Disposed 189810 Direct
2007-08-22 Common Stock S 4700 $21.00 Disposed 185110 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Nonqualifed Stock Option $1.25 2009-07-08 Common Stock (35000) 35000 Direct
Incentive Stock Option $1.25 2009-07-08 Common Stock (65000) 65000 Direct
Incentive Stock Option $2.73 2011-11-29 Common Stock (15000) 15000 Direct

Footnotes

F1: Incentive Stock Options ("ISO") and Nonqualified Stock Options ("NQSO") granted by the Issuer to the reporting person. All ISOs and NQSOs held by the reporting person are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs and NQSOs held by the reporting person is 115,000