VALHI INC /DE/ — Director's Dealing 2011

Sep 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2011-09-22

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
2011-09-22	Common Stock, $0.01 par value per share	P	449	$49.81	Acquired	1846310	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	200	$49.89	Acquired	1846510	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	500	$49.90	Acquired	1847010	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$49.99	Acquired	1847110	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	200	$50.00	Acquired	1847310	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	400	$50.34	Acquired	1847710	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$50.35	Acquired	1847810	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$50.40	Acquired	1847910	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	400	$50.50	Acquired	1848310	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	6370	$50.75	Acquired	1854680	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	9151	$51.00	Acquired	1863831	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$51.04	Acquired	1863931	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	5100	$51.35	Acquired	1869031	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$51.52	Acquired	1869131	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	200	$51.69	Acquired	1869331	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	100	$51.72	Acquired	1869431	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	3200	$51.74	Acquired	1872631	Indirect
2011-09-22	Common Stock, $0.01 par value per share	P	300	$51.89	Acquired	1872931	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	104762216	Indirect
Common Stock, $0.01 par value per share	366847	Indirect
Common Stock, $0.01 par value per share	380216	Direct
Common Stock, $0.01 par value per share	219796	Indirect
Common Stock, $0.01 par value per share	25915	Indirect

Footnotes

F1: Purchase 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.

F2: 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.

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

F4: 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.

F5: 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 among the persons joining in this filing.

F6: Directly held by Contran Corporation. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship among the persons joining in this filing.