X0304 4 2011-12-22 0 0000060714 LSB INDUSTRIES INC LXU 0001175126 ADAMS MICHAEL G 16 SOUTH PENNSYLVANIA AVENUE OKLAHOMA CITY OK 73107 0 1 0 0 VP/Corporate Controller Common Stock 2011-12-22 4 M 0 7425 7.86 A 22025 I By Trust Incentive Stock Option 7.86 2011-12-22 4 M 0 7425 D 2018-11-13 Common Stock 7425 7575 D These shares are held by the reporting person's revocable trust of which he is the settlor and trustee and possesses a pecuniary interest in the securities held by the trust. Incentive Stock Options ("ISO") granted by the Issuer to the reporting person under the Issuer's Incentive Stock Option Plans. An ISO for 15,000 shares of the Issuer's common stock exercisable at $7.86, with an expiration date of November 13, 2018, was granted to the reporting person on November 13, 2008. This ISO 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 ISO will be fully vested at the end of year six. As of the date of this report, the total number of shares underlying the ISO held by the reporting person is 7,575. Michael G. Adams 2011-12-23