UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
   Tucker, Jr., J. Walter
   Three Lincoln Centre
   5430 LBJ Freeway, Suite 1700
   Dallas, TX  75240
2. Issuer Name and Ticker or Trading Symbol
   Valhi, Inc. (VHI)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Day/Year
   02/07/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [X] Director                   [ ] 10% Owner
   [ ] Officer (give title below) [ ] Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $.01 par value 02/07/03 J (1) 1,190 A (1) 22,690 D Direct Common Stock $.01 par value 02/07/03 J (2) 1,785 A (2) 19,035 I by Corporation (3) Common Stock $.01 par value 200,000 I by Spouse (4) Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration - ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I Title Shares End of Month - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) Received in exchange for 350 shares of Tremont Corporation common stock in connection with the merger of Tremont Corporation with and into a wholly owned subsidiary of the issuer. On February 6, 2002, the closing price of Tremont Corporation's common stock and the closing price of the issuer's common stock was $27.98 and $8.14 per share respectively. (2) Received in exchange for 525 shares of Tremont Corporation common stock in connection with the merger of Tremont Corporation with and into a wholly owned subsidiary of the issuer. On February 6, 2002, the closing price of Tremont Corporation's common stock and the closing price of the issuer's common stock was $27.98 and $8.14 per share, respectively. (3) Held in the name of Statewide Title Guaranty Co. The reporting person is the sole shareholder. (4) The Reporting Person disclaims beneficial ownership of these shares. SIGNATURE OF REPORTING PERSON /S/ Walter J. Tucker, Jr. - -------------------------- Walter J. Tucker, Jr. DATE 02/11/03