Barry H. Golsen - Dec 31, 2022 Form 5 Insider Report for LSB INDUSTRIES, INC. (LXU)

Role
Director
Signature
/s/ Barry H. Golsen
Stock symbol
LXU
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/14/2023, 03:50 PM
Previous filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LXU Common Stock Gift $0 -5K -1.33% $0.00 372K Jul 31, 2022 By Trust F1, F6
transaction LXU Common Stock Gift $0 +5K +1.69% $0.00 301K Jul 31, 2022 By Trusts F3, F6
holding LXU Common Stock 3.57K Dec 31, 2022 Direct
holding LXU Common Stock 693 Dec 31, 2022 By Spouse F2
holding LXU Common Stock 61.8K Dec 31, 2022 By GFLLC F4
holding LXU Common Stock 1.02M Dec 31, 2022 By SBL & GPC F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned of record by the reporting person's revocable trust, of which the reporting person is the settlor and trustee and holds a pecuniary interest in the trust's holdings and transactions.
F2 These shares of common stock are owned of record by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares owned by his spouse.
F3 These shares are held by separate irrevocable trusts established for the benefit of the reporting person and the reporting person's children and grandchildren (the "Trusts"), of which the reporting person is the trustee. The amount shown is the aggregate number of shares held in the Trusts. No single Trust has more than one beneficiary. Because the reporting person is trustee of the Trusts, of which the beneficiaries are either the reporting person or his children, the reporting person is deemed to have a pecuniary interest in the Issuer's common stock held by the Trusts, pursuant to Rule 16a-8(b)(2)(ii).
F4 Represents the reporting person's 31.97% indirect ownership interest in 193,343 shares of common stock held directly by Golsen Family, L.L.C. ("GFLLC"). The reporting person is not a controlling member of GFLLC and does not have or share investment control over the portfolio securities held by GFLLC, and therefore disclaims beneficial ownership of the shares owned by GFLLC, except to the extent of his indirect pecuniary interest therein.
F5 Represents the reporting person's indirect ownership interest in 3,137,275 shares of common stock held by SBL, LLC ("SBL") and Golsen Petroleum Corporation ("GPC"), subsidiaries of Quad Capital, LLC. ("Quad Capital), in which the reporting person owns a 32.664% interest. The reporting person is not a controlling member of Quad Capital and does not have or share investment control over the portfolio securities held by Quad Capital or its subsidiaries, and therefore disclaims beneficial ownership of the shares owned by Quad Capital or its subsidiaries, except to the extent of his indirect pecuniary interest therein.
F6 On July 13, 2022, 5,000 shares of common stock, held by a revocable trust for the benefit of the reporting person and of which the reporting person is the trustee, were gifted to two separate trusts established for the benefit of the reporting person's grandchildren and of which the reporting person is the trustee, in the amount of 2,500 shares of common stock to each trust.