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<TITLE>Form S-8 Registration Statement</TITLE>
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<P><FONT SIZE="-1">As Filed with the Securities and Exchange Commission on August
19, 2002	Registration No. 333-_______</FONT></P>

<P><CENTER><STRONG>SECURITIES AND EXCHANGE COMMISSION<br>
</STRONG></CENTER>
<FONT SIZE="-1"><STRONG><CENTER>WASHINGTON, D.C.   20549</CENTER>
</STRONG></FONT></P>

<P><FONT SIZE="-1"><STRONG><CENTER>____________________</CENTER>
</STRONG></FONT></P>

<P><FONT SIZE="+1"><STRONG><CENTER>FORM S-8</STRONG></FONT><STRONG></CENTER>
</STRONG></P>

<P><STRONG><CENTER>REGISTRATION STATEMENT<br>
UNDER<br>
THE SECURITIES ACT OF 1933</CENTER>
</STRONG></P>

<P align="left"><FONT FACE="Times New Roman" SIZE="-1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><font face="Times New Roman" size="3">&nbsp;<u><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSB
INDUSTRIES,
INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></u><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman" size="2"><i>(Exact name of registrant as specified in its charter)</i></font></P>

<P><u><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73-1015226&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</strong></u><FONT FACE="Times New Roman" SIZE="-1">(State of Incorporation)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I.R.S. Employer Identification No.)</FONT></P>

<P><CENTER><STRONG><U>  16 South Pennsylvania Avenue, Oklahoma City, Oklahoma 73107<br>
</U></STRONG></CENTER>
<FONT FACE="Times New Roman" SIZE="-1"><CENTER>(Address of principal executive offices) (Zip Code)</FONT><FONT FACE="Roman"></CENTER>
</FONT></P>

<P><CENTER><STRONG><U>1998 Stock Option and Incentive Plan</CENTER>
</U></STRONG></P>

<P ALIGN="CENTER"><STRONG><U>Outside Directors Stock Purchase Plan<br>
</U></STRONG><FONT FACE="Times New Roman" SIZE="-1"><CENTER>(Full Title of Plan)</FONT></CENTER>
</P>

<TABLE BORDER="1" WIDTH="100%">
<TR VALIGN="TOP"><TD>
<P ALIGN="CENTER">Heidi L. Brown, Esquire<br>
Vice President and Managing Counsel<br>
LSB INDUSTRIES, INC.<br>
16 South Pennsylvania<br>
Post Office Box 754<br>
Oklahoma City, Oklahoma 73101<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(405) 235-4546&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</u><FONT FACE="Times New Roman" SIZE="-1">(Telephone number, including area code of<br>
agent for service)</FONT></P>

  </TD>
<TD>
<P ALIGN="CENTER">Copy to:<br>
Irwin H. Steinhorn, Esquire<br>
CONNER &amp; WINTERS, P.C.<br>
One Leadership Square, Suite 1700<br>
211 North Robinson<br>
Oklahoma City, Oklahoma 73102</P>

</TD></TR></TABLE>

<P>			</P>

<TABLE WIDTH="651" bordercolorlight="#000080" border="1" bordercolordark="#000080">
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="148">
<b><br>
<BR WP="BR1">Title of securities<br>
to be registered</b></TD>
<TD ALIGN="CENTER" width="120"><b>
<BR WP="BR1">Amount<br>
  to be<br>
  registered</b></TD>
<TD ALIGN="CENTER" width="127"><b>Proposed<br>
  maximum<br>
  offering price<br>
  per share<SUP>(1)(2)</SUP></b></TD>
<TD ALIGN="CENTER" width="131"><b>Proposed<br>
  maximum<br>
  aggregate<br>
  offering price <SUP>(2)</SUP></b></TD>
<TD ALIGN="CENTER" width="93"><b>
<BR WP="BR1">Amount of<br>
  registration<br>
  fee</b></TD></TR>
<TR VALIGN="TOP"><TD width="148">Common Stock to be
issued under the
1998 Stock Option
and Incentive Plan</TD>
<TD ALIGN="CENTER" width="120">987,800</TD>
<TD ALIGN="CENTER" width="127">$1.25 - $3.00</TD>
<TD ALIGN="CENTER" width="131">$1,425,823</TD>
<TD ALIGN="CENTER" width="93">$131.18</TD></TR>
<TR VALIGN="TOP"><TD width="148">Common Stock to be
issued under the
Outside Directors
Stock Purchase Plan</TD>
<TD ALIGN="CENTER" width="120">400,000</TD>
<TD ALIGN="CENTER" width="127">$1.25 - $3.23</TD>
<TD ALIGN="CENTER" width="131">$1,054,400</TD>
<TD ALIGN="CENTER" width="93">$97.00</TD></TR></TABLE>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P><SUP>(1)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estimated in accordance with Rule 457(c) and 457(h) solely for the purpose of calculating&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
registration fee on the basis of the price at which options granted under the Outside&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director Stock
Purchase Plan may be exercised and, with respect to shares of Common&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock not subject to
outstanding options, on the basis of $3.23 per share, such amount&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;being the average of the high
and low price of the Common Stock as reported on the&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NASDAQ Bulletin Board on August 16,
2002.</P>

<P><SUP></SUP><SUP>(2)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The maximum offering price per share and the maximum aggregate offering price are based&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon
the following prices at which outstanding options granted under the Outside&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors Stock
Purchase Plan and the 1998 Stock Option and Incentive Plan may be&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;exercised:</P>

<TABLE BORDER="0" WIDTH="651">
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="223"></TD>
<TD ALIGN="CENTER" width="162">Number of Shares of
Common Stock&nbsp;<br>
Subject to Outstanding
Options</TD>
<TD ALIGN="CENTER" width="135"><br>
  Exercise Price Per
Share of<br>
  Common Stock</TD>
<TD ALIGN="CENTER" width="103"><br>
  Aggregate
Offering<br>
  Price</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="223"></TD>
<TD ALIGN="CENTER" width="162">749,800</TD>
<TD ALIGN="CENTER" width="135">$1.25</TD>
<TD ALIGN="CENTER" width="103">$&nbsp;&nbsp;937,250</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="223"></TD>
<TD ALIGN="CENTER" width="162">253,500</TD>
<TD ALIGN="CENTER" width="135">$1.375</TD>
<TD ALIGN="CENTER" width="103">$&nbsp;&nbsp;&nbsp;348,563</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="223"></TD>
<TD ALIGN="CENTER" width="162">87,000</TD>
<TD ALIGN="CENTER" width="135">$2.73</TD>
<TD ALIGN="CENTER" width="103">$&nbsp;&nbsp;&nbsp;237,510</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="223"></TD>
<TD ALIGN="CENTER" width="162"><U>17,500</U></TD>
<TD ALIGN="CENTER" width="135">$3.00</TD>
<TD ALIGN="CENTER" width="103">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,500</TD></TR>
<TR VALIGN="TOP"><TD width="223">
  </TD>
<TD width="162">
  </TD>
<TD ALIGN="RIGHT" width="135"></TD>
<TD ALIGN="RIGHT" width="103">
<hr noshade size="3" color="#000080" width="75%" align="center">
  </TD></TR>
<TR VALIGN="TOP"><TD width="223">
<P ALIGN="RIGHT">TOTALS</TD>
<TD width="162">
<P ALIGN="CENTER">1,107,800</TD>
<TD ALIGN="RIGHT" width="135"></TD>
<TD ALIGN="RIGHT" width="103">
<P ALIGN="CENTER">$1,575,823</TD></TR></TABLE>

&nbsp;
<TABLE BORDER="0" WIDTH="651">
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="224"></TD>
  <TD ALIGN="CENTER" width="163">Number of Shares of<br>
    Common Stock&nbsp;<br>
Available for Future<br>
    Options</TD>
<TD ALIGN="CENTER" width="135"><br>
  Exercise Price Per
Share of<br>
  Common Stock</TD>
<TD ALIGN="CENTER" width="101"><br>
  Aggregate
Offering<br>
  Price</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="224"></TD>
  <TD ALIGN="CENTER" width="163">280,000</TD>
<TD ALIGN="CENTER" width="135">$3.23*</TD>
<TD ALIGN="CENTER" width="101">$&nbsp;&nbsp;904,400</TD></TR></TABLE>
<BR WP="BR1">*&nbsp;&nbsp;&nbsp;&nbsp;$3.23 is the average of the high and low price of the Common Stock as reported on
the NASDAQ Bulletin Board on August 16, 2002.
<p>&nbsp;
<P>					&nbsp;					</P>

<P>					&nbsp;					</P>

<P><CENTER>LSB INDUSTRIES, INC.<br>
REGISTRATION STATEMENT ON FORM S-8<br>
<br>
PART II<br>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</CENTER>
</P>

<P>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are hereby incorporated by reference in this Registration Statement the following
documents and <FONT FACE="CG Times Regular">information heretofore filed with the Securities and Exchange Commission:</FONT></P>

<FONT FACE="CG Times Regular">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Annual Report on Form 10-K for the year ended December 31,&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001, filed on April 1, 2002 pursuant to Section 13 of the Securities Exchange&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Act
of 1934, as amended (the "Exchange Act"); </FONT>
<p><FONT FACE="CG Times Regular">		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Annual Report on Form 10-K/A for the year ended December 31,&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001, filed on April 23, 2002 pursuant to Section 13 of the Exchange Act; </FONT>
<p><FONT FACE="CG Times Regular">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Quarterly Report on Form 10-Q for the three months ended&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March
31, 2002, filed on May 20, 2002 pursuant to Section 13 of the Exchange Act;  </FONT>
<p><FONT FACE="CG Times Regular">		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Quarterly Report on Form 10-Q for the three months and six&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;months ended June 30, 2002, filed on August 19, 2002 pursuant to Section 13 of&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Exchange Act; </FONT>
<p><FONT FACE="CG Times Regular">				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's current reports on Form 8-K (Date of Event: May 24, 2002) filed&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on June 10, 2002; (Date of Event: March 11, 2002) filed on March 22, 2002; and</FONT>
<p><FONT FACE="CG Times Regular">		&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the Company's Common Stock contained in the Company's&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration Statement on Form 8-A dated August 16, 1994, pursuant to Section&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 of the Exchange Act, including </FONT>any amendment or report filed for the purpose&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of updating such description.

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act on or after the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall be deemed to be incorporated by reference
in this Registration Statement and to be part hereof from the date of filing of such documents.</P>

<P>&nbsp;</P>

<P align="center">II-2</P>

<P>&nbsp;</P>

<P>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities.</P>

<P>          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>

<P>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counsel for the Company, Conner &amp; Winters, P.C., One Leadership Square, Suite 1700,
211 North Robinson, Oklahoma City, Oklahoma 73102, has rendered an opinion as to the validity
of the Common Stock being registered.</P>

<P>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Certificate of Incorporation limits the liability of directors to the maximum
extent permitted by Delaware law. Delaware law provides that directors of a company will not
be personally liable for monetary damages for breach of their fiduciary duties as directors, except
for liability (i) for any breach of their duty of loyalty to the company or its stockholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct or knowing violation
of law, (iii) for unlawful payments or dividends or unlawful stock repurchases or redemptions as
provided Section 174 of Delaware General Corporation Law or (iv) for transactions from which
the director derived an improper personal benefit.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company carries officer and director liability insurance with respect to certain
matters, including matters arising under the Securities Act of 1933, as amended (the "Securities
Act").</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act is permitted to
directors and officers of the Corporation pursuant to the foregoing provisions, or otherwise, the
Company has been informed that in the opinion of the Commission such indemnification is against
public policy, as expressed in the Securities Act, and is therefore unenforceable.</P>

<P>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P align="center">II-3</P>

<P>&nbsp;</P>

<P>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</P>

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>	</U>		<U>Description</U></P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outside Director Stock Purchase Plan, effective June 24, 1999</P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Outside Director Stock Purchase Agreement</P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1998 Stock Option and Incentive Plan, effective August 13, 1998</P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Incentive Stock Option Agreement</P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Incentive Stock Option Agreement (10% Shareholder)	</P>

<P>	   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Conner &amp; Winters, P.C.</P>

<P>	  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Letter of Acknowledgment regarding unaudited interim financial
information</P>

<P>	  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Ernst &amp; Young LLP</P>

<P>	  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Conner &amp; Winters, P.C. (contained in Exhibit 5.1) </P>

<P>	  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power of Attorney (see page II-6)</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P>&nbsp;</P>

<P align="center">II-4</P>

<P>&nbsp;</P>

<P>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</P>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a
post-<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;effective
amendment to this registration statement to include any material&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;information with
respect to the plan of distribution not previously disclosed&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in the registration
statement or any material change to such information in&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the registration statement.
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of 1933,
as amended (the "Securities Act"), each such post-effective&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amendment shall be
deemed to be a new registration statement relating to&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the securities offered therein,
and the offering of such securities at that&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;time shall be
deemed to be the initial
bona fide offering thereof.
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of the
securities being registered which remain unsold at the termination&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of the offering.
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.

<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.</P>

<P>	&nbsp;</P>

<P>	&nbsp;</P>

<P align="center">	II-5</P>

<P>	&nbsp;</P>

<P><CENTER><U>SIGNATURES</U></CENTER>
</P>

<P>      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto,
duly authorized, in the City of Oklahoma City, Oklahoma on August 19, 2002.</P>

<P>						&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSB INDUSTRIES, INC.</P>

<BR WP="BR1"><BR WP="BR2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By<U>&nbsp;&nbsp;/s/
Jack E. Golsen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jack E. Golsen, President and<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer
<P><CENTER><U><br>
POWER OF ATTORNEY</U></CENTER>
</P>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS that each person whose signature
appears below, each such person being a member of the Board of Directors of LSB Industries,
Inc., hereby constitutes and appoints Jack E. Golsen and Heidi L. Brown, jointly and severally,
as his true and lawful attorneys-in-fact and agents, each with full power of substitution, for him
and in his name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this registration statement and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents full power and authority to do and
perform each and every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as they might or could do them in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents or their substitute or substitutes, shall do or
cause to be done by virtue hereof.
<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed on August 19, 2002, by the following persons in the capacities indicated:</P>

<P><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jack E. Golsen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Chief Executive Officer,<br>
Jack E. Golsen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman of the Board and Director<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Executive Officer)</P>

<P><U>                                                   	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
Tony M.
Shelby&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President of Finance<br>
Tony M. Shelby&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Director<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Financial Officer)</P>

<P>&nbsp;</P>

<P align="center">II-6</P>

<P>&nbsp;</P>

<P><U>                                                   	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
Jim D.
Jones&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, Controller and Treasurer<br>
<FONT FACE="CG Times Regular">Jim D. Jones&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Accounting Officer)<br>
</FONT></P>

<P><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Raymond B.
Ackerman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Raymond B. Ackerman				</P>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Charles A. Burtch&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
<FONT FACE="CG Times Regular">Charles A. Burtch</FONT><P><U>                                                   	<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Robert C.
Brown&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Robert C. Brown</P>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Grant
Donovan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
<FONT FACE="CG Times Regular">Grant Donovan</FONT>
<p>

<BR WP="BR1"><U>                                                   	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
<FONT FACE="CG Times Regular">Dr. Allen Ford</FONT>
<p>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Barry H. Golsen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Barry H. Golsen
<p>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ David R.
Goss&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
David R. Goss
<p>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Bernard G. Ille&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Bernard G. Ille
<p>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Donald W.
Munson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Donald W. Munson
<p>

<BR WP="BR1"><u>&nbsp;&nbsp;&nbsp;/s/ Horace G.
Rhodes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director<br>
Horace G. Rhodes
<p>&nbsp;</p>
<p align="center">II-7</p>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "description": "FORM S-8 REGISTRATION STATEMENT", "secsgml_size_bytes": 36971}]
{"company-data": {"conformed-name": "LSB INDUSTRIES INC", "cik": "0000060714", "assigned-sic": "2810", "irs-number": "731015226", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-98359", "film-number": "02743287"}, "business-address": {"street1": "16 S PENNSYLVANIA", "city": "OKLAHOMA CITY", "state": "OK", "zip": "73101", "phone": "4052354546"}, "mail-address": {"street1": "16 SOUTH PENNSYLVANIA", "city": "OKLAHOMA", "state": "OK", "zip": "73101"}}
Form S-8 Registration Statement
As Filed with the Securities and Exchange Commission on August
19, 2002	Registration No. 333-_______
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.   20549
____________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
LSB
INDUSTRIES,
INC.
(Exact name of registrant as specified in its charter)
Delaware
73-1015226
(State of Incorporation)                                                                                                       (I.R.S. Employer Identification No.)
16 South Pennsylvania Avenue, Oklahoma City, Oklahoma 73107
(Address of principal executive offices) (Zip Code)
1998 Stock Option and Incentive Plan
Outside Directors Stock Purchase Plan
(Full Title of Plan)
Heidi L. Brown, Esquire
Vice President and Managing Counsel
LSB INDUSTRIES, INC.
16 South Pennsylvania
Post Office Box 754
Oklahoma City, Oklahoma 73101
(405) 235-4546
(Telephone number, including area code of
agent for service)
Copy to:
Irwin H. Steinhorn, Esquire
CONNER & WINTERS, P.C.
One Leadership Square, Suite 1700
211 North Robinson
Oklahoma City, Oklahoma 73102
Title of securities
to be registered
Amount
to be
registered
Proposed
maximum
offering price
per share
(1)(2)
Proposed
maximum
aggregate
offering price
(2)
Amount of
registration
fee
Common Stock to be
issued under the
1998 Stock Option
and Incentive Plan
987,800
$1.25 - $3.00
$1,425,823
$131.18
Common Stock to be
issued under the
Outside Directors
Stock Purchase Plan
400,000
$1.25 - $3.23
$1,054,400
$97.00
(1)
Estimated in accordance with Rule 457(c) and 457(h) solely for the purpose of calculating
the
registration fee on the basis of the price at which options granted under the Outside
Director Stock
Purchase Plan may be exercised and, with respect to shares of Common
Stock not subject to
outstanding options, on the basis of $3.23 per share, such amount
being the average of the high
and low price of the Common Stock as reported on the
NASDAQ Bulletin Board on August 16,
2002.
(2)
The maximum offering price per share and the maximum aggregate offering price are based
upon
the following prices at which outstanding options granted under the Outside
Directors Stock
Purchase Plan and the 1998 Stock Option and Incentive Plan may be
exercised:
Number of Shares of
Common Stock
Subject to Outstanding
Options
Exercise Price Per
Share of
Common Stock
Aggregate
Offering
Price
749,800
$1.25
$  937,250
253,500
$1.375
$   348,563
87,000
$2.73
$   237,510
17,500
$3.00
$     52,500
TOTALS
1,107,800
$1,575,823
Number of Shares of
Common Stock
Available for Future
Options
Exercise Price Per
Share of
Common Stock
Aggregate
Offering
Price
280,000
$3.23*
$  904,400
*    $3.23 is the average of the high and low price of the Common Stock as reported on
the NASDAQ Bulletin Board on August 16, 2002.
LSB INDUSTRIES, INC.
REGISTRATION STATEMENT ON FORM S-8
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.     Incorporation of Documents by Reference.
There are hereby incorporated by reference in this Registration Statement the following
documents and
information heretofore filed with the Securities and Exchange Commission:
1.     The Company's Annual Report on Form 10-K for the year ended December 31,
2001, filed on April 1, 2002 pursuant to Section 13 of the Securities Exchange
Act
of 1934, as amended (the "Exchange Act");
2.     The Company's Annual Report on Form 10-K/A for the year ended December 31,
2001, filed on April 23, 2002 pursuant to Section 13 of the Exchange Act;
3.     The Company's Quarterly Report on Form 10-Q for the three months ended
March
31, 2002, filed on May 20, 2002 pursuant to Section 13 of the Exchange Act;
4.     The Company's Quarterly Report on Form 10-Q for the three months and six
months ended June 30, 2002, filed on August 19, 2002 pursuant to Section 13 of
the Exchange Act;
5.     The Company's current reports on Form 8-K (Date of Event: May 24, 2002) filed
on June 10, 2002; (Date of Event: March 11, 2002) filed on March 22, 2002; and
6.     The description of the Company's Common Stock contained in the Company's
Registration Statement on Form 8-A dated August 16, 1994, pursuant to Section
12 of the Exchange Act, including
any amendment or report filed for the purpose
of updating such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act on or after the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall be deemed to be incorporated by reference
in this Registration Statement and to be part hereof from the date of filing of such documents.
II-2
Item 4.     Description of Securities.
Not applicable.
Item 5.     Interests of Named Experts and Counsel.
Counsel for the Company, Conner & Winters, P.C., One Leadership Square, Suite 1700,
211 North Robinson, Oklahoma City, Oklahoma 73102, has rendered an opinion as to the validity
of the Common Stock being registered.
Item 6.     Indemnification of Directors and Officers.
The Company's Certificate of Incorporation limits the liability of directors to the maximum
extent permitted by Delaware law. Delaware law provides that directors of a company will not
be personally liable for monetary damages for breach of their fiduciary duties as directors, except
for liability (i) for any breach of their duty of loyalty to the company or its stockholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct or knowing violation
of law, (iii) for unlawful payments or dividends or unlawful stock repurchases or redemptions as
provided Section 174 of Delaware General Corporation Law or (iv) for transactions from which
the director derived an improper personal benefit.
The Company carries officer and director liability insurance with respect to certain
matters, including matters arising under the Securities Act of 1933, as amended (the "Securities
Act").
Insofar as indemnification for liabilities arising under the Securities Act is permitted to
directors and officers of the Corporation pursuant to the foregoing provisions, or otherwise, the
Company has been informed that in the opinion of the Commission such indemnification is against
public policy, as expressed in the Securities Act, and is therefore unenforceable.
Item 7.     Exemption from Registration Claimed.
Not Applicable.
II-3
Item 8.     Exhibits.
Exhibit
Number
Description
4.1               Outside Director Stock Purchase Plan, effective June 24, 1999
4.2               Form of Outside Director Stock Purchase Agreement
4.3               1998 Stock Option and Incentive Plan, effective August 13, 1998
4.4               Form of Incentive Stock Option Agreement
4.5               Form of Incentive Stock Option Agreement (10% Shareholder)
5.1               Opinion of Conner & Winters, P.C.
15.1             Letter of Acknowledgment regarding unaudited interim financial
information
23.1             Consent of Ernst & Young LLP
23.2             Consent of Conner & Winters, P.C. (contained in Exhibit 5.1)
24.1             Power of Attorney (see page II-6)
II-4
Item 9.     Undertakings.
A.     The undersigned registrant hereby undertakes:
(1)     To file, during any period in which offers or sales are being made, a
post-
effective
amendment to this registration statement to include any material
information with
respect to the plan of distribution not previously disclosed
in the registration
statement or any material change to such information in
the registration statement.
(2)     That, for the purpose of determining any liability under the Securities Act
of 1933,
as amended (the "Securities Act"), each such post-effective
amendment shall be
deemed to be a new registration statement relating to
the securities offered therein,
and the offering of such securities at that
time shall be
deemed to be the initial
bona fide offering thereof.
(3)     To remove from registration by means of a post-effective amendment any
of the
securities being registered which remain unsold at the termination
of the offering.
B.     The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant to Section
13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.
C.     Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
II-5
SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto,
duly authorized, in the City of Oklahoma City, Oklahoma on August 19, 2002.
LSB INDUSTRIES, INC.
By
/s/
Jack E. Golsen
Jack E. Golsen, President and
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that each person whose signature
appears below, each such person being a member of the Board of Directors of LSB Industries,
Inc., hereby constitutes and appoints Jack E. Golsen and Heidi L. Brown, jointly and severally,
as his true and lawful attorneys-in-fact and agents, each with full power of substitution, for him
and in his name, place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this registration statement and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents full power and authority to do and
perform each and every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as they might or could do them in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents or their substitute or substitutes, shall do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed on August 19, 2002, by the following persons in the capacities indicated:
/s/ Jack E. Golsen
President, Chief Executive Officer,
Jack E. Golsen                                                             Chairman of the Board and Director
(Principal Executive Officer)
/s/
Tony M.
Shelby
Senior Vice President of Finance
Tony M. Shelby                                                           and Director
(Principal Financial Officer)
II-6
/s/
Jim D.
Jones
Vice President, Controller and Treasurer
Jim D. Jones                                                                (Principal Accounting Officer)
/s/ Raymond B.
Ackerman
Director
Raymond B. Ackerman
/s/ Charles A. Burtch
Director
Charles A. Burtch
/s/ Robert C.
Brown
Director
Robert C. Brown
/s/ Grant
Donovan
Director
Grant Donovan
Director
Dr. Allen Ford
/s/ Barry H. Golsen
Director
Barry H. Golsen
/s/ David R.
Goss
Director
David R. Goss
/s/ Bernard G. Ille
Director
Bernard G. Ille
/s/ Donald W.
Munson
Director
Donald W. Munson
/s/ Horace G.
Rhodes
Director
Horace G. Rhodes
II-7