LSB INDUSTRIES, INC. — Director's Dealing 2007

SEC Form 4/A — Form 4/A

Issuer: LSB INDUSTRIES INC (LXU)
CIK: 0000060714
Period of Report: 2006-12-29

Reporting Person: MCCARTHY KENT C (10% Owner)

Holdings (Non-Derivative)

Footnotes

F1: The reporting person's original Form 4 incorrectly stated that Jayhawk Institutional Partners, L.P. ("Jayhawk Institutional") gifted 10,000 shares of common stock. The gift was made by the Kent C. McCarthy Revocable Trust ("Trust") and was properly reported in the original Form 4. As of the date of this amendment, Jayhawk Institutional owns 1,053,700 shares of common stock.

F2: This Form 4 is filed by Kent C. McCarthy. A Form 4 reporting the applicable transactions reported herein was also filed by Jayhawk Capital Management, L.L.C. ("Jayhawk"). Mr. McCarthy is the manager of Jayhawk which is the general partner and manager of Jayhawk Investments and Jayhawk Institutional. As of the date of this amendment, Mr. McCarthy is deemed to be the beneficial owner of 161,000 shares of common stock held by the Trust and the indirect beneficial owner of 1,053,700 shares of common stock held by Jayhawk Institutional. Mr. McCarthy disclaims beneficial ownership of all securities covered by this statement (except to the extent of any pecuniary interest therein) and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.