X0303 4 2008-12-16 0 0000060714 LSB INDUSTRIES INC LXU 0001258636 TEPPER MICHAEL DAWE 16 SOUTH PENNSYLVANIA AVENUE OKLAHOMA CITY OK 73107 0 1 0 0 Sr. VP-Int'l Operations Common Stock 2000 D Common Stock 2008-12-16 4 S 0 5600 9.05 D 53855 I By Trust Common Stock 2008-12-17 4 S 0 5000 9.49 D 48855 I By Trust Nonqualified Stock Option 1.25 1999-07-08 2009-07-08 Common Stock 50000 50000 D On December 16, 2008, the reporting person sold a total of 5,600 shares of the Issuer's common stock at the weighted average price per share of $9.05, which is based on the following sales of the Issuer's common stock at the respective price per share: (a) $9.00 - 5,000 shares, and (b) $9.43 - 600 shares. On December 17, 2008, the reporting person sold a total of 5,000 shares of the Issuer's common stock at $9.49 per share. These shares are held by the reporting person's revocable trust, of which the reporting person is the trustee and exercises investment and dispositive control over the trust's portfolio securities. Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person. All NQSOs held by the reporting person are currently exercisable. As of the date of this report, the total number of shares underlying the NQSOs held by the reporting person is 50,000. Michael Dawe Tepper 2008-12-18