VALHI INC /DE/ — Director's Dealing 2014

Feb 26, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2013-12-28

Reporting Person: Harold C. Simmons Family Trust No. 2 (10% Owner)
Reporting Person: Harold C. Simmons Family Trust No. 1 (10% Owner)
Reporting Person: Simmons Annette C (10% Owner)
Reporting Person: Simmons Lisa K (10% Owner)
Reporting Person: CONNELLY SERENA S (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	318156746	Indirect
Common Stock, par value $0.01 per share	2689394	Direct
Common Stock, par value $0.01 per share	87900	Indirect
Common Stock, par value $0.01 per share	1212	Direct

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 of additional persons who may be deemed to beneficially own these shares

F2: Consists of 1,870,850 shares held directly by the estate of Harold C. Simmons of which Annette C. Simmons is the independent executor and the designated legatee of these shares and 818,514 shares she holds directly. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the reporting owners.

F3: Directly held by The Annette Simmons Granchildren's 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 to beneficially own these shares.

F4: Directly held by Serena S. Connelly.