VALHI INC /DE/ — Director's Dealing 2012

May 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2012-05-01

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
2012-05-01	Common stock, $0.01 par value per share	P	693	$52.75	Acquired	450113	Direct
2012-05-01	Common stock, $0.01 par value per share	P	1000	$53.00	Acquired	451113	Direct
2012-05-01	Common stock, $0.01 par value per share	P	1000	$53.25	Acquired	452113	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.01 par value per share	272838	Indirect
Common stock, $0.01 par value per share	104677716	Indirect
Common stock, $0.01 par value per share	2122339	Indirect
Common stock, $0.01 par value per share	366847	Indirect
Common stock, $0.01 par value per share	25915	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.