SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wagner Jeffrey N

(Last)

(First)

(Middle)

414 UNION STREET, SUITE 2000

(Street)

NASHVILLE

37219

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/06/2004

3. Issuer Name and Ticker or Trading Symbol
LOUISIANA-PACIFIC CORP [ LPX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, OSB

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
common Stock	120⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)⁽²⁾	01/25/2005	01/25/2012	Common Stock	7,066	$8.1	D
Stock Option (Right to Buy)⁽²⁾	02/01/2005⁽³⁾	02/01/2013	Common Stock	28,800	$7.3	D
Stock Option (Right to Buy)⁽²⁾	01/31/2005⁽⁴⁾	01/31/2014	Common Stock	8,500	$21.27	D
Stock Award Right⁽⁵⁾	08/08/1988⁽⁵⁾	02/03/2006	Common Stock	1,375	$0⁽⁶⁾	D
Stock Award Right⁽⁵⁾	08/08/1988⁽⁵⁾	01/25/2007	Common Stock	2,200	$0⁽⁶⁾	D
Stock Award Right⁽⁵⁾	08/08/1988⁽⁵⁾	01/31/2009	Common Stock	4,550	$0⁽⁶⁾	D

Explanation of Responses:

1. Reporting person also indirectly holds 3,582 shares in the Louisiana-Pacific 401(k) and Profit Sharing Plan (by Trust).

2. Represents stock option granted pursuant to Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan.

3. Remaining unexercised options vest in two equal annual installments, with the first installment vesting on this date.

4. Options vest in three equal annual installments, with the first installment vesting on this date.

5. Represents incentive shares granted pursuant to Louisiana-Pacific Corporation 1997 Incentive Stock Award Plan, subject to forfeiture if the reporting person is not an employee of LP on the fifth anniversary of the grant date, providing that vesting will be accelerated upon attainment of specified share price targets and as further provided in the award agreement.

6. Security converts to common stock on a one-for-one basis.

	/s/ Anton C. Kirchhof Attorney-in-fact for Jeffrey N. Wagner	11/16/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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