SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CONTRAN CORP

(Last) (First) (Middle)
5430 LBJ FREEWAY, SUITE 1700

(Street)
DALLAS TX 75240

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VALHI INC /DE/ [ VHI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/26/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
6% Series A Preferred Stock, par value $0.01 per share 03/26/2007 J(1) 5,000 A (1) 5,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
CONTRAN CORP

(Last) (First) (Middle)
5430 LBJ FREEWAY, SUITE 1700

(Street)
DALLAS TX 75240

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SIMMONS HAROLD C

(Last) (First) (Middle)
5430 LBJ FREEWAY, SUITE 1700

(Street)
DALLAS TX 75240

(City) (State) (Zip)
Explanation of Responses:
1. The description of the transactions whereby Contran Corporation acquired 5,000 shares of the issuer's 6% series A preferred stock on March 26, 2007 that is in the issuer's Current Report on Form 8-K/A (Amendment No. 1) that the issuer filed with the U.S. Securities and Exchange Commission on March 30, 2007 is incorporated herein by reference. Such description is qualified in its entirety by the actual terms of the certificates and agreements that are filed as exhibits to this report, which exhibits are incorporated herein by reference from such Form 8-K/A or the issuer's Current Report on Form 8-K the issuer filed with the U.S. Securities and Exchange Commission on March 27, 2007.
Remarks:
As of April 3, 2007, Harold C. Simmons and Annette C. Simmons owned 3,383 and 43,400 shares, respectively, of the common stock of the issuer. Mr. Simmons disclaims beneficial ownership of, and a pecuniary interest in, the shares of the issuer's common stock that his spouse owns. See the Additional Information filed as Exhibit 99.1 to this statement for a description of the relationships as of April 3, 2007 among the persons joining in this filing. Exhibit Index 4.1 - Amended and Restated Certificate of Designations, Rights and Preferences of the 6% Series A Preferred Stock of Valhi, Inc. (incorporated herein by reference to Exhibit 4.1 of the Current Report on Form 8-K/A (Amendment No. 1) that Valhi, Inc. filed with the U.S. Securities and Exchange Commission on March 30, 2007). 10.1 - Stock Purchase Agreement dated as of March 26, 2007 between Valhi, Inc. and Contran Corporation (incorporated herein by reference to Exhibit 10.1 of the Current Report on Form 8-K that Valhi, Inc. filed with the U.S. Securities and Exchange Commission on March 27, 2007). 10.2 - Consent Agreement dated as of March 29, 2007 between Valhi, Inc. and Contran Corporation (incorporated herein by reference to Exhibit 10.2 of the Current Report on Form 8-K/A (Amendment No. 1) that Valhi, Inc. filed with the U.S. Securities and Exchange Commission on March 30, 2007). 99.1* - Additional Information *Filed herewith.
A. Andrew R. Louis, Secretary, for Contran Corporation 12/04/2009
A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons 12/04/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Exhibit 99.1

Additional Information

(As of April 3, 2007)



Valhi Holding Company ("VHC"), the Harold Simmons Foundation, Inc. (the

"Foundation"), TIMET Finance Management Company ("TFMC") and The Combined

Master Retirement Trust (the "CMRT") are the direct holders of 92.6%, 0.9%,

0.7% and 0.1%, respectively, of the common stock of the issuer, Valhi, Inc.

("Valhi").  Titanium Metals Corporation ("TIMET") is the sole stockholder of

TFMC.  VHC, Harold C. Simmons' spouse, the CMRT, Harold C. Simmons, NL

Industries, Inc.("NL"), Valhi and the Foundation are the holders of 26.9%,

11.7%, 8.5%, 4.0%,0.8%, 0.5% and 0.2% of the outstanding common stock of

TIMET.  NL's percentage ownership of TIMET common stock includes 0.3%

directly held by a subsidiary of NL.  Valhi and TFMC are the direct holders

of 83.1% and 0.5%, respectively, of the outstanding common stock of NL.

Dixie Rice Agricultural Corporation, Inc. ("Dixie Rice") is the direct holder

of 100% of the outstanding common stock of VHC.  Contran is the holder of

100% of the outstanding common stock of Dixie Rice.



Substantially all of Contran's outstanding voting stock is held by trusts

established for the benefit of certain children and grandchildren of Harold

C. Simmons (the "Trusts"), of which Mr. Simmons is the sole trustee, or is

held by Mr. Simmons or persons or other entities related to Mr. Simmons.  As

sole trustee of each of the Trusts, Mr. Simmons has the power to vote and

direct the disposition of the shares of Contran stock held by each of the

Trusts.  Mr. Simmons, however, disclaims beneficial ownership of any shares

of Contran stock that the Trusts hold.



The Foundation directly holds approximately 0.9% of the outstanding Valhi

common stock and 0.2% of the outstanding TIMET common stock.  The Foundation

is a tax-exempt foundation organized for charitable purposes.  Harold C.

Simmons is the chairman of the board of the Foundation and may be deemed to

control the Foundation.



The CMRT directly holds approximately 0.1% of the outstanding shares of Valhi

common stock and 8.5% of the outstanding TIMET common stock.  Contran

sponsors the CMRT as a trust to permit the collective investment by master

trusts that maintain the assets of certain employee benefit plans Contran and

related companies adopt.  Mr. Simmons is the sole trustee of the CMRT and a

member of the trust investment committee for the CMRT.  Mr. Simmons is a

participant in one or more of the employee benefit plans that invest through

the CMRT.



Mr. Harold C. Simmons is chairman of the board of Valhi, TIMET, VHC, Dixie

Rice and Contran.



By virtue of the offices held, the stock ownership and his services as

trustee, all as described above, (a) Mr. Simmons may be deemed to control

certain of such entities and (b) Mr. Simmons and certain of such entities may

be deemed to possess indirect beneficial ownership of, and a pecuniary

interest in, shares of common stock directly held by certain of such other

entities.  However, Mr. Simmons disclaims such beneficial ownership of, and

such pecuniary interest in, such shares beneficially owned, directly or

indirectly, by any of such entities, except to the extent of his vested

beneficial interest, if any, in the shares the CMRT holds directly.



The reporting person understands that NL and a subsidiary of NL directly own

3,522,967 shares and 1,186,200 shares, respectively, of Valhi common stock as

of the date of this statement.  As already stated, Valhi is the direct holder

of approximately 83.1% of the outstanding common stock of NL.  As a result of

Valhi's direct and indirect ownership of NL and its subsidiary, the reporting

person further understands that, pursuant to Delaware law, Valhi treats the

shares of Valhi common stock that NL and its subsidiary own as treasury stock

for voting purposes.  For the purposes of this statement, such shares of

Valhi common stock that NL and its subsidiary hold directly are not deemed

outstanding.



Harold C. Simmons' spouse is the direct owner of 21,167,875 shares of TIMET

common stock, 269,775 shares of NL common stock and 43,400 shares of Valhi

common stock.  Mr. Simmons may be deemed to share indirect beneficial

ownership of such shares.  Mr. Simmons disclaims beneficial ownership of all

securities that his spouse holds directly.



Mr. Harold C. Simmons is the direct owner of 7,174,239 shares of TIMET common

stock, 879,600 shares of NL common stock and 3,383 shares of Valhi common

stock.



A trust, of which Harold C. Simmons and his spouse are trustees and the

beneficiaries are the grandchildren of his spouse, is the direct holder of

36,500 shares of Valhi common stock and 17,432 shares of TIMET common stock.

Mr. Simmons, as co-trustee of this trust, has the power to vote and direct

the disposition of the shares of Valhi common stock the trust holds.  Mr.

Simmons disclaims beneficial ownership of any shares of Valhi common stock

that this trust holds.