X0201 4 2003-11-12 0 0000791348 LONE STAR TECHNOLOGIES INC LSS 0001122235 HEGI FREDERICK B JR 750 N. ST. PAUL, SUITE 1200 DALLAS TX 75201 1 0 0 0 Common Stock 2003-11-12 4 J 0 13500 8.8125 A 16365 D Common Stock 2003-11-12 4 S 0 6800 14.00 D 9565 D Option (right to buy) 8.8125 2003-11-12 4 X 0 13500 D 2003-11-15 Common Stock 25000 0 D Exercise of in-the-money stock options at fixed price. Cumulative installments of 6,250 shares each on or after November 15, 1994, 1995, 1996 and 1997. Stock options granted under Issuer's 1985 Long-Term Incentive Plan. Frederick B. Hegi, Jr. by Robert F. Spears, Attorney-In-Fact 2003-11-14