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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 J469Od0Dtb4qw/GaeZyP6zG0U0B96tJORaY+mcJq/YdT/jZQK3rGrIopLw9c190z
 W0+jbUSafk/s/QOhB8B7og==

<SEC-DOCUMENT>0001181431-03-024686.txt : 20030929
<SEC-HEADER>0001181431-03-024686.hdr.sgml : 20030929
<ACCEPTANCE-DATETIME>20030929181814
ACCESSION NUMBER:		0001181431-03-024686
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030925
FILED AS OF DATE:		20030929

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RAPPAPORT LINDA F
		CENTRAL INDEX KEY:			0001005711
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07677
		FILM NUMBER:		03916008

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 705
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73101
		BUSINESS PHONE:		4052327711

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
		STATE:			OK
		ZIP:			73101
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd19348.xml
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-09-25</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000060714</issuerCik>
        <issuerName>LSB INDUSTRIES INC</issuerName>
        <issuerTradingSymbol>LSBD</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001005711</rptOwnerCik>
            <rptOwnerName>RAPPAPORT LINDA F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>16 SOUTH PENNSYLVANIA AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OKLAHOMA CITY</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>73107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-09-25</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>26400</value></transactionShares><transactionPricePerShare><value>5.00</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value><footnoteId id="F3"/><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value
>As Trustee</value><footnoteId id="F1"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-09-26</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>15600</value></transactionShares><transactionPricePerShare><value>4.98</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>229506</value><footnoteId id="F3"/><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>As Trustee</value><footnoteId id="F1"/></natureOfOwnership></owne
rshipNature></nonDerivativeTransaction></nonDerivativeTable><footnotes><footnote id="F1">These shares are held of record by seven trusts (the "Granchildren's Trusts") established for the benefit of the grandchildren and great-grandchild of Jack E. Golsen and Sylvia H. Golsen.  Linda F. Rappaport is a co-trustee of these trusts.</footnote><footnote id="F2">The total number of non-derivative securities beneficially owned by Linda F. Rappaport following the reported transaction is comprised as follows:  (a) 82,552 shares held directly; (b) 229,506 shares are indirectly held by Mrs. Rappaport for the benefit of the Grandchildren's Trusts and an additional trust established for the benefit of the great grandchild of Jack E. Golsen and Sylvia H. Golsen, of which Mrs. Rappaport is a co-trustee; and (c) 1,424,299 shares beneficially owned by SBL Corporation ("SBL"), which is wholly owned by Sylvia Golsen (40% owner), Barry Golsen (20% owner), Steven Golsen (20% owner), and Linda Rappaport (20% owner), over which Mrs
. Rappaport has indirect beneficial ownership.  The number of shares beneficially owned by SBL includes shares owned beneficially by Golsen Petroleum Corporation, the wholly owned subsidiary of SBL.</footnote><footnote id="F3">The total amounts referenced in Footnote 2 above do not include 124,350 shares of Common Stock and 185,000 shares of Common Stock under nonqualified stock options owned of record by Mrs. Rappaport's husband.  Mrs. Rappaport disclaims beneficial ownership of the shares owned by her husband.</footnote></footnotes><ownerSignature><signatureName>Linda F. Rappaport</signatureName><signatureDate>2003-09-29</signatureDate></ownerSignature></ownershipDocument>



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