Form 4 for LXU LSB INDUSTRIES, INC.
Accepted 2022-01-28 00:00:00 ET · period of report 2021-12-31 · accession 0001567619-22-001939 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-01-28 | 2021-12-31 | LXU | GOLSEN BARRY H | Dir | C - Cnv Deriv | $0.00 | +388.0K | 55.4K | New | $0 |
| DMI | 2022-01-28 | 2021-12-31 | LXU | GOLSEN BARRY H | Dir | C - Cnv Deriv | — | -333.1K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-31 | C | A | 106,158 | $0.00 | 106,158 | I By SBL | — | — | (F13) Represents the reporting person's 32.664% indirect ownership interest in 325,000 shares of common stock issued to SBL as a result of its conversion of the Series D Preferred. As a result of the Special Dividend described in Footnote 1, the anti-dilution provisions of the Series D Preferred operated to increase the conversion rate of the Series D Preferred from .25 shares of common stock for each share of Series D Preferred to 0.325 share of common stock for each share of Series D Preferred. On December 31, 2021, SBL converted all 1,000,000 shares of Series D Preferred owned by it for 325,000 shares of common stock. The reporting person is not a controlling member of Quad Capital, the parent company of SBL, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through SBL, and therefore disclaims beneficial ownership of the shares owned by SBL, except to the extent of his indirect pecuniary interest therein. |
| 2 | Common | Common Stock | 2021-12-31 | C | A | 56,617 | $0.00 | 56,617 | I By GPC | — | — | (F15) Represents the reporting person's 32.664% indirect ownership interest in 173,333 shares of common stock issued to GPC as a result of its conversion of the Series B Preferred. As a result of the Special Dividend described in Footnote 1, the anti-dilution provisions of the Series B Preferred operated to increase the conversion rate of the Series B Preferred from 33.3333 shares of common stock for each share of Series B Preferred to 43.3333 shares of common stock for each share of Series B Preferred. On December 31, 2021, GPC converted all 4,000 shares of the Series B Preferred owned by it for a total of 173,333 shares of common stock. The reporting person is not a controlling member of Quad Capital, the parent company of GPC, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through GPC, and therefore disclaims beneficial ownership of the shares owned by GPC, except to the extent of his indirect pecuniary interest therein. |
| 3 | Common | Common Stock | 2021-12-31 | C | A | 169,853 | $0.00 | 169,853 | I By SBL | — | — | (F14) Represents the reporting person's 32.664% indirect ownership interest in 520,000 shares of common stock issued to SBL as a result of its conversion of the Series B Preferred. As a result of the Special Dividend described in Footnote 1, the anti-dilution provisions of the Series B Preferred operated to increase the conversion rate of the Series B Preferred from 33.3333 shares of common stock for each share of Series B Preferred to 43.3333 shares of common stock for each share of Series B Preferred. On December 31, 2021, SBL converted all 12,000 shares of the Series B Preferred owned by it for a total of 520,000 shares of common stock. The reporting person is not a controlling member of Quad Capital, the parent company of SBL, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through SBL, and therefore disclaims beneficial ownership of the shares owned by SBL, except to the extent of his indirect pecuniary interest therein. |
| 4 | Common | Common Stock | 2021-12-31 | C | A | 55,412 | $0.00 | 55,412 | I By GFLLC | — | — | (F16) Represents the reporting person's 31.968% indirect ownership interest in 173,333 shares of common stock issued to GFLLC as a result of its conversion of the Series B Preferred. As a result of the Special Dividend described in Footnote 1, the anti-dilution provisions of the Series B Preferred operated to increase the conversion rate of the Series B Preferred from 33.3333 shares of common stock for each share of Series B Preferred to 43.3333 shares of common stock for each share of Series B Preferred. On December 31, 2021, GFLLC converted all 4,000 shares of the Series B Preferred Stock owned by it for a total of 173,333 shares of common stock. The reporting person is not a controlling member of GFLLC, 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. |
| 5 | Derivative | Series D Preferred Stock | 2021-12-31 | C | D | 326,640 | — | 0 | I By SBL | — · — to — | 106,158 Common Stock | (F17) Represents the reporting person's 32.664% indirect ownership interest in 1,000,000 shares of Series D Preferred owned by SBL, which were fully converted on December 31, 2021. See Footnote 13. The reporting person is not a controlling member of Quad Capital, the parent company of SBL, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through SBL, and therefore disclaims beneficial ownership of the shares owned by SBL, except to the extent of his indirect pecuniary interest therein. |
| 6 | Derivative | Series B Preferred Stock | 2021-12-31 | C | D | 1,279 | — | 0 | I By GFLLC | — · — to — | 55,412 Common Stock | (F20) Represents the reporting person's 31.968% indirect ownership interest in 4,000 shares of Series B Preferred owned by GFLLC, which were fully converted on December 31, 2021. See Footnote 16. The reporting person is not a controlling member of GFLLC, 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. |
| 7 | Derivative | Series B Preferred Stock | 2021-12-31 | C | D | 1,307 | — | 0 | I By GPC | — · — to — | 56,617 Common Stock | (F19) Represents the reporting person's 32.664% indirect ownership interest in 4,000 shares of Series B Preferred owned by GPC, which were fully converted on December 31, 2021. See Footnote 15. The reporting person is not a controlling member of Quad Capital, the parent company of GPC, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through GPC, and therefore disclaims beneficial ownership of the shares owned by GPC, except to the extent of his indirect pecuniary interest therein. |
| 8 | Derivative | Series B Preferred Stock | 2021-12-31 | C | D | 3,919 | — | 0 | I By SBL | — · — to — | 169,853 Common Stock | (F18) Represents the reporting person's 32.664% indirect ownership interest in 12,000 shares of Series B Preferred owned by SBL, which were fully converted on December 31, 2021. See Footnote 14. The reporting person is not a controlling member of Quad Capital, the parent company of SBL, does not have or share investment control over the portfolio securities held indirectly by Quad Capital through SBL, and therefore disclaims beneficial ownership of the shares owned by SBL, except to the extent of his indirect pecuniary interest therein. |