X0303 4 2011-03-07 0 0000060714 LSB INDUSTRIES INC LXU 0001106790 RHODES HORACE G 16 SOUTH PENNSYLVANIA AVENUE OKLAHOMA CITY OK 73107 1 0 0 0 Common Stock 1000 D Common Stock 10000 I By Trust Common Stock 2011-03-07 4 S 0 500 35.19 D 0 I By Spouse's Trust Nonqualified Stock Option 7.86 Common Stock 5000 5000 D These shares are held by the reporting person's revocable trust of which the reporting person is the settlor and trustee and possesses a pecuniary interest in the securities held by the Trust. These shares are held by the revocable trust of the reporting person's spouse of which the reporting person's spouse is the settlor and co-trustee and possesses a pecuniary interest in the securities held by the Trust. Nonqualified Stock Option ("NQSO") granted by the Issuer to the reporting person under the Issuer's 2008 Incentive Stock Plan. The NQSO is for a term of ten years from the date of grant, and the exercise price of the NQSO is based on the fair market value of the Issuer's common stock on the date of grant. This NQSO vests at the end of years one through six in the following amounts: 16.5%, 16.5%, 16.5%, 16.5%, 16.5% and 17.5%. This NQSO will be fully vested at the end of year six. Horace G. Rhodes 2011-03-10