FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * SHEAR HEIDI L BROWN   2. Issuer Name and Ticker or Trading Symbol LSB INDUSTRIES INC [LXU] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP/Managing Counsel/Asst Sec (Last) (First) (Middle) 16 SOUTH PENNSYLVANIA AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 05/10/2007 (Street) OKLAHOMA CITY, OK 73107 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/10/2007   M   9,000 A $ 1.25 9,000 I By Spouse Common Stock 05/10/2007   G V 9,000 D $ 0 0 I By Spouse Common Stock 05/10/2007   G V 9,000 A $ 0 74,212 I By Trust and Spouse's Trust (1) Common Stock 05/10/2007   S   5,000 D $ 20.01 69,212 I By Trust and Spouse's Trust (1) Common Stock 05/10/2007   S   4,000 D $ 20.06 65,212 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   500 D $ 20.3 64,712 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   300 D $ 20.35 64,412 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   2,700 D $ 20.39 61,712 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   1,500 D $ 20.45 60,212 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   400 D $ 20.6 59,812 I By Trust and Spouse's Trust (1) Common Stock 05/11/2007   S   600 D $ 20.65 59,212 I By Trust and Spouse's Trust (1) Common Stock               22,988 I As Trustee (3) Common Stock               263,320 I As Trustee (4)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Nonqualified Stock Option

$ 1.25

05/10/2007

M

9,000

(2)

07/08/2009

Common Stock

9,000

(2)

26,000

I

By Spouse (2)

Incentive Stock Option

$ 1.25

(2)

07/08/2009

Common Stock

50,544

50,544 (2)

I

By Spouse (2)

Incentive Stock Option

$ 2.73

(2)

11/29/2011

Common Stock

15,000

15,000 (2)

I

By Spouse (2)

Incentive Stock Option

$ 1.25

(5)

07/08/2009

Common Stock

12,760

12,760 (5)

D

Nonqualified Stock Option

$ 2.73

(5)

11/29/2011

Common Stock

10,000

10,000 (5)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SHEAR HEIDI L BROWN 16 SOUTH PENNSYLVANIA AVENUE OKLAHOMA CITY, OK 73107			VP/Managing Counsel/Asst Sec

Signatures

Heidi L. Brown Shear		05/14/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These shares are held in a jointly owned account by Ms. Shear's revocable trust (the "Shear Trust"), of which Ms. Shear is the grantor and trustee, and the revocable trust of Ms. Shear's husband, David M. Shear (the "Spouse Trust"). David M. Shear is the grantor and trustee of the Spouse Trust.
(2)	Incentive Stock Options ("ISO") and Nonqualified Stock Options (NQSO") granted by the Issuer to Ms. Shear's spouse. All ISOs and NQSO held by Ms. Shear's spouse are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs and NQSOs held by Ms. Shear's spouse is 91,544.
(3)	These shares are held by two trusts established for the benefit of each of the reporting person's children, of which the reporting person is the trustee.
(4)	These shares are held by three trusts (the "Children's Trusts") established for the benefit of each of the children of Jack E. Golsen and Sylvia H. Golsen, of which the reporting person is the trustee. The reporting person has no pecuniary interest in the securities held by the Children's Trusts. As a result, the reporting person disclaims beneficial ownership of the shares held in the Children's Trusts.
(5)	Incentive Stock Options ("ISO") ") and Nonqualified Stock Options (NQSO") granted by the Issuer to the reporting person. All ISOs and NQSOs held by the reporting person are currently exercisable. As of the date of this report, the total number of shares underlying the ISOs held by the reporting person is 22,760.

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