VALHI INC /DE/ — Director's Dealing 2012

May 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2012-05-18

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
2012-05-18	Common stock, $0.01 par value per share	P	200	$14.64	Acquired	1370879	Direct
2012-05-18	Common stock, $0.01 par value per share	P	100	$14.6999	Acquired	1370979	Direct
2012-05-18	Common stock, $0.01 par value per share	P	100	$14.71	Acquired	1371079	Direct
2012-05-18	Common stock, $0.01 par value per share	P	2000	$14.75	Acquired	1373079	Direct
2012-05-18	Common stock, $0.01 par value per share	P	107	$14.76	Acquired	1373186	Direct
2012-05-18	Common stock, $0.01 par value per share	P	199	$14.79	Acquired	1373385	Direct
2012-05-18	Common stock, $0.01 par value per share	P	1294	$14.80	Acquired	1374679	Direct
2012-05-18	Common stock, $0.01 par value per share	P	500	$14.8499	Acquired	1375179	Direct
2012-05-18	Common stock, $0.01 par value per share	P	1500	$14.85	Acquired	1376679	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.01 par value per share	818514	Indirect
Common stock, $0.01 par value per share	314033148	Indirect
Common stock, $0.01 par value per share	6367017	Indirect
Common stock, $0.01 par value per share	1100541	Indirect
Common stock, $0.01 par value per share	77745	Indirect

Footnotes

F1: 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.

F2: 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.

F3: 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.

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 relationship to the reporting person.

F5: Directly held by Contran Corporation. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the reporting person.