X0201 4 2003-06-26 0 0000060714 LSB INDUSTRIES INC LSBD 0001005712 GOLSEN JACK E 1 1 1 0 Chairman of BOD & President Common Stock 2003-06-26 4 W 0 12090 D 0 I by MG Trust Common Stock 2003-06-26 4 W 0 12090 A 0 D Common Stock 2003-08-11 4 S 0 12090 4 D 40000 D On June 26, 2003, these 12,090 shares were transferred to Jack E. Golsen by the estate of Mildred Goldstein, resulting in his form of beneficial ownership changing from indirect to direct. Mrs. Goldstein was the mother of Jack E. Golsen; he was the executor of the estate and a beneficiary thereunder. The total number of non derivative securities beneficially owned by Jack E. Golsen following the reported transactions is as follows: (a) 40,000 shares owned directly; (b) 1,424,299 shares indirectly owned by SBL Corp. ("SBL") which is wholly owned by Sylvia H. Golsen (wife, 40% owner), Barry Golsen (son, 20% owner), Steve Golsen (son, 20% owner), and Linda Rappaport (daughter, 20% owner), (c) 88,100 shares of Common Stock owned of record by Golsen Petroleum Corp., the wholly owned subsidiary of SBL: (d) 69,029 shares owned indirectly by the Jack E. Golsen 1992 Revocable Trust, of which Jack E. Golsen is the trustee; (e) 928,205 shares owned indirectly by Sylvia H. Golsen, comprised of 643,290 shares owned of record by Mrs. Golsen and 284,915 owned of record by Mrs. Golsen, as trustee of the sylvia H. Golsen 1992 Revocable Trust. Jack E. Golsen 2003-08-18