UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
OMB APPROVAL
---------------------------------------
OMB Number....................3235-0104
Expires: .............December 31, 2001
Estimated average
burden hours per
response..........................0.5
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(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
Jayhawk Institutional Partners, L.P.
-------------------------------------------------------------------------
(Last) (First) (Middle)
8201 Mission Road, Suite 110
-------------------------------------------------------------------------
(Street)
Prairie Village KS 66208
-------------------------------------------------------------------------
(City) (State) (Zip)
-------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)
07/07/00
-------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
-------------------------------------------------------------------------
4. Issuer Name and Ticker or Trading Symbol
LSB Industries, Inc. ("LSB" and "LSB PRC")
--------------------------------------------------------------------------
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director X 10% Owner
--------- ---------
Officer (give title Other (specify below)
--------- below) ---------
--------------------------------------
--------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)
--------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
-------
Form filed by More than One Reporting Person
-------
<PAGE>
<TABLE>
Table I -- Non-Derivative Securities Beneficially Owned
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial Ownership
(Instr. 4) Indirect (I) (Instr. 5)
(Instr. 5)
<S> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
Common Stock, par value $0.10 per share 911,000 D
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
(Over)
</TABLE>
<PAGE>
FORM 3 (continued)
<TABLE>
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Date Exercisable and 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
Security (Instr. 4) Expiration Date Securities Underlying or Exercise Form of Indirect
(Month/Day/Year) Derivative Security Price of Derivative Beneficial
(Instr. 4) Derivative Security: Ownership
-------------------------- ---------------------------- Security Direct (D) (Instr. 5)
Amount or or Indirect
Date Expiration Number of (I) (Instr. 5)
Exercisable Date Title Shares
<S> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
$3.25 Convertible Common Stock 433,766 4.329 (FN2) D
Exchangeable Class C (FN1)
Preferred Stock, Series
2
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) Common Stock, par value $0.10 per share, of LSB Industries, Inc.
(2) Jayhawk Institutional Partners, L.P. owns 100,200 shares of $3.25
Convertible Exchangeable Class C Preferred Stock,
Series 2; each such share is convertible into 4.329 shares of Common Stock.
Jayhawk Institutional Partners, L.P. 8/9/00
By: Jayhawk Capital Management, L.L.C., its general partner ------------------------------
Date
By: /S/ Kent C. McCarthy
------------------------------------------------------
Kent C. McCarthy, Manager
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
</TABLE>
