Explanatory Note
This statement on Schedule 13D (this Amendment) relates to the common stock, par value $0.10 per share (the Common Stock), of LSB
Industries, Inc., a Delaware corporation (the Issuer). The address of the principal executive offices of the Issuer is 3503 NW 63rd Street, Suite 500, Oklahoma City, Oklahoma 73116.
This Amendment represents Amendment No. 53 to the Schedule 13D dated October 7, 1985 (as amended through Amendment No. 52, the
Schedule 13D) Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to them in the Schedule 13D.
This Amendment is being filed jointly by Steven J. Golsen (Golsen), Golsen Family, L.L.C., an Oklahoma limited liability company
(GFLLC), Quad Capital, LLC, an Oklahoma limited liability company (Quad Capital), SBL, L.L.C., an Oklahoma limited liability company (SBL), and Golsen Petroleum Corporation, an Oklahoma corporation
(GPC) (each of Golsen, GFLLC, Quad Capital, SBL and GPC is referred to herein as a Reporting Person and collectively as the Reporting Persons), who may be deemed to beneficially own certain shares of the Common
Stock of the Issuer. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D.
This Amendment is being filed to report that the Issuer filed a Quarterly Report on Form 10-Q on November 2,
2021, which stated that the Companys total number of outstanding shares of Common Stock had increased to 88,824,475 shares as of October 27, 2021 (the Outstanding Share Increase). As a result of the Outstanding Share Increase,
the percentage of outstanding shares that each Reporting Person may be deemed to beneficially own was reduced to less than 5%. Accordingly, this Amendment constitutes an exit filing for the Reporting Persons.
The numbers shown on the preceding pages and in Item 5 below reflect multiple counting of certain shares since beneficial ownership of those shares is
attributable to more than one Reporting Person by Rule 13d-3 under the Exchange Act, as further described in Item 5 below.
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