VALHI INC /DE/ — Director's Dealing 2008

Dec 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2008-11-26

Reporting Person: SIMMONS HAROLD C (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-26	Common stock, $0.01 par value per share	P	100	$13.32	Acquired	75183	Direct
2008-11-26	Common stock, $0.01 par value per share	P	100	$13.33	Acquired	75283	Direct
2008-11-26	Common stock, $0.01 par value per share	P	200	$13.35	Acquired	75483	Direct
2008-11-26	Common stock, $0.01 par value per share	P	300	$13.40	Acquired	75783	Direct
2008-11-28	Common stock, $0.01 par value per share	P	200	$12.69	Acquired	75983	Direct
2008-11-28	Common stock, $0.01 par value per share	P	100	$12.70	Acquired	76083	Direct
2008-11-28	Common stock, $0.01 par value per share	P	100	$12.72	Acquired	76183	Direct
2008-11-28	Common stock, $0.01 par value per share	P	200	$12.77	Acquired	76383	Direct
2008-11-28	Common stock, $0.01 par value per share	P	400	$12.98	Acquired	76783	Direct
2008-11-28	Common stock, $0.01 par value per share	P	1000	$13.42	Acquired	77783	Direct
2008-11-28	Common stock, $0.01 par value per share	P	5000	$13.85	Acquired	82783	Direct
2008-11-28	Common stock, $0.01 par value per share	P	5000	$13.25	Acquired	87783	Direct
2008-11-28	Common stock, $0.01 par value per share	P	5000	$13.00	Acquired	92783	Direct
2008-12-01	Common stock, $0.01 par value per share	P	1800	$12.00	Acquired	94583	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.01 par value per share	105140163	Indirect
Common stock, $0.01 par value per share	1252943	Indirect
Common stock, $0.01 par value per share	200900	Indirect

Footnotes

F1: Directly held by Valhi Holding Company. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the reporting person.

F2: Directly held by TIMET Finance Management Company. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the reporting person.

F3: Directly held by the reporting person's spouse. The reporting person disclaims beneficial ownership of any shares of the issuer's common stock that his spouse holds.