VALHI INC /DE/ — Director's Dealing 2010

Dec 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2010-12-08

Reporting Person: SIMMONS HAROLD C (Director, Chairman of the Board, 10% Owner)
Reporting Person: CONTRAN CORP (10% Owner)
Reporting Person: VALHI HOLDING CO (10% Owner)
Reporting Person: DIXIE RICE AGRICULTURE CORP INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-08	Common Stock, $0.01 par value per share	J	1200	$22.80	Acquired	33943	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	100	$22.75	Acquired	34043	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	200	$22.9798	Acquired	34243	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	600	$22.9799	Acquired	34843	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	100	$22.96	Acquired	34943	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	391	$22.98	Acquired	35334	Indirect
2010-12-08	Common Stock, $0.01 par value per share	J	2409	$23.00	Acquired	37743	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	104813316	Indirect
Common Stock, $0.01 par value per share	1442428	Indirect
Common Stock, $0.01 par value per share	366847	Indirect
Common Stock, $0.01 par value per share	343183	Direct
Common Stock, $0.01 par value per share	219796	Indirect
Common Stock, $0.01 par value per share	15000	Indirect

Footnotes

F1: Opern market purchase by Kronos Worldwide, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F2: Directly held by Kronos Worldwide, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F3: Directly held by Valhi Holding Company. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F4: Directly held by TIMET Finance Management Company. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F5: Directly held by the Contran Amended and Restated Deferred Compensation Trust. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F6: Directly held by the reporting person's wife. Mr. Simmons disclaims beneficial ownership of any shares of the issuer's common stock that his wife holds. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.

F7: Directly held by Contran Corporation. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships to the persons joining in this filing.