X0202 4 2005-07-22 0 0000791348 LONE STAR TECHNOLOGIES INC LSS 0001209469 RYAN JERRY E 5727 SOUTH LEWIS, SUITE 510 TULSA OK 74105 1 0 0 0 Common Stock 2005-07-22 4 M 0 7000 27.525 A 11900 D Common Stock 2005-07-22 4 S 0 7000 49.74 D 4900 D Common Stock 2005-07-25 4 M 0 2375 27.525 A 7275 D Common Stock 2005-07-25 4 M 0 5625 23.39 A 12900 D Common Stock 2005-07-25 4 S 0 8000 49.76 D 4900 D Option (right to buy) 27.525 2005-07-22 4 M 0 7000 D 2012-05-10 Common Stock 12500 5500 D Option (right to buy) 27.525 2005-07-25 4 M 0 2375 D 2012-05-10 Common Stock 5500 3125 D Option (right to buy) 23.39 2005-07-25 4 M 0 5625 D 2013-05-14 Common Stock 12500 6875 D Exercise of in-the-money stock options. Total shares include 2,500 of restricted stock units and 2,400 restricted shares granted under Issuer's 2004 Long-Term Incentive Plan. Cumulative installments of 3,125 shares each on and after May 10, 2003, 2004, 2005 and 2006. Cumulative installments of 3,125 shares each on and after May 14, 2004, 2005, 2006 and 2007. Stock options granted under Issuer's 1985 Long-Term Incentive Plan. Jerry E. Ryan, by Robert F. Spears, Attorney-In-Fact 2005-07-26