Online RAID level migration and expansion on-the-fly is mentioned in the software manual but it doesn't tell you how to do it. Probably add some disks, select an array and select a new RAID level. It's probably straight forward if you install Power Console.
www.lsi.com/files/docs/techdocs/storage_stand_prod/RAIDpage/mr_configsw_ug.pdf (not a very good manual), it may be easier to use WebBIOS, I think the expansion option is under "Configuration Wizard"
As usual before migrating RAID levels on any RAID controller or SAN it is advisable to back up first since anything could go wrong if there is a bad sector on a disk it may stop the migration.
Quite a few controllers allow online RAID level mifrations but sometimes they won't do it without a cache battery.