SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GOLSEN BARRY H
(Last) (First) (Middle)
16 SOUTH PENNSYLVANIA AVENUE
(Street)
OKLAHOMA CITY OK 73107
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LSB INDUSTRIES INC [ LXU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
09/05/2007
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/05/2007 S 100 D $22.15 311,539 D
Common Stock 09/05/2007 S 1,900 D $22.2 309,639 D
Common Stock 09/05/2007 S 400 D $22.21 309,239 D
Common Stock 09/05/2007 S 200 D $22.22 309,039 D
Common Stock 09/05/2007 S 4,550 D $22.3 304,489 D
Common Stock 09/05/2007 S 100 D $22.31 304,389 D
Common Stock 09/05/2007 S 250 D $22.33 304,139 D
Common Stock 09/05/2007 S 400 D $22.34 303,739 D
Common Stock 09/05/2007 S 100 D $22.38 303,639 D
Common Stock 09/06/2007 S 5,000 D $22.05 298,639 D
Common Stock 09/06/2007 S 5,346 D $22.2 293,293 D
Common Stock 09/06/2007 S 700 D $22.21 292,593 D
Common Stock 09/06/2007 S 900 D $22.22 291,693 D
Common Stock 09/06/2007 S 5,000 D $22.25 286,693 D
Common Stock 09/06/2007 S 4,000 D $22.3 282,693 D
Common Stock 09/06/2007 S 300 D $22.32 282,393 D
Common Stock 09/06/2007 S 754 D $22.33 281,639 D
Common Stock 1,796,054 I By SBL(1)
Common Stock 533 I By Spouse(2)
Common Stock 867,276 I By LLC(1)
Common Stock 01/15/2007 J(3) V 193,006 D $0 0 I As Trustee(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. SBL Corporation ("SBL") is owned by the Golsen Family LLC (the "LLC") (49% owner), Barry Golsen (17% owner), Steven Golsen (17% owner), and the reporting person's sister (17% owner). The LLC is owned by Jack E. Golsen (chief executive officer and chairman of the board of the Issuer) through his revocable trust (45.9%), his spouse, Sylvia Golsen through her revocable trust (45.9%), the reporting person (2.7%), and Steven J. Golsen, executive officer of a subsidiary of the Issuer (2.7%), and his daughter (2.7%). Jack E. Golsen and his spouse are the managers of the LLC and, in such capacity, share voting and dispositive power over the Issuer securities owned by the LLC. The reporting person disclaims beneficial ownership of the Issuer securities held by the LLC and SBL, except to the extent of his pecuniary interest therein. The number of shares includes shares owned of record by GPC, a wholly-owned subsidiary of SBL.
2. These shares of common stock are owned of record by Barry H. Golsen's wife. Barry H. Golsen disclaims beneficial ownership of the shares owned by his wife.
3. These shares are held of record by six trusts (the "Grandchildrens' Trusts") established for the benefit of the grandchildren of Jack E. Golsen and Sylvia H. Golsen. Barry H. Golsen was a co-trustee, until his resignation as co-trustee on January 15, 2007. The reporting person held no pecuniary interest in the securities held by these trusts and disclaimed beneficial ownership of the shares held in the Grandchildren's Trusts.
Jack E. Golsen, Attorney-in-Fact 09/07/2007
** 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 4 (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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