<SEC-DOCUMENT>0000024240-19-000094.txt : 20190904
<SEC-HEADER>0000024240-19-000094.hdr.sgml : 20190904
<ACCEPTANCE-DATETIME>20190904162439
ACCESSION NUMBER:		0000024240-19-000094
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20190904
DATE AS OF CHANGE:		20190904

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALHI INC /DE/
		CENTRAL INDEX KEY:			0000059255
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				870110150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-20934
		FILM NUMBER:		191074853

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		THREE LINCOLN CENTER
		STREET 2:		5430 LBJ FREEWAY SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240-2620

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LLC CORP
		DATE OF NAME CHANGE:	19870329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY LOAN CORP
		DATE OF NAME CHANGE:	19800414

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONTRAN CORP
		CENTRAL INDEX KEY:			0000024240
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				741646336
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240-2620
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240-2620
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>vhisch13da1909.htm
<DESCRIPTION>VALHI, INC. SCHEDULE 13D AMENDMENT NO. 78
<TEXT>
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    <div style="text-align: center; font-size: 12pt;">UNITED STATES</div>
    <div style="text-align: center; font-size: 12pt;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">Washington, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SCHEDULE 13D</div>
    <div style="text-align: center;">Under the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">(Amendment No. 78)*</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-variant: small-caps; font-weight: bold;">Valhi, Inc.</div>
    <div style="text-align: center;">(Name of Issuer)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.01 per share</div>
    <div style="text-align: center;">(Title of Class of Securities)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">918905 10 0</div>
    <div style="text-align: center;">(CUSIP Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Robert D. Graham</div>
    <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Three Lincoln Centre</div>
    <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Suite 1700</div>
    <div style="text-align: center; font-variant: small-caps; font-weight: bold;">5430 LBJ Freeway</div>
    <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Dallas, Texas&#160;&#160; 75240-2620</div>
    <div style="text-align: center; font-weight: bold;">(972) 233-1700</div>
    <div style="text-align: center;">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center;">Authorized to Receive Notices and Communications)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">September 3, 2019</div>
    <div style="text-align: center;">(Date of Event which requires Filing</div>
    <div style="text-align: center;">of this Statement)</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 36pt; margin-left: 36pt;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
      sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.&#160;<font style="font-size: 14pt;">&#9633;</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 36pt; margin-left: 36pt;">*The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent
      amendment containing information which would alter disclosures provided in a prior cover page.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 36pt; margin-left: 36pt;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;<font style="font-style: italic;">Act</font>&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
    <div><br>
    </div>
    <div style="text-align: center;">(Continued on following pages)</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">CUSIP No.&#160; <font style="font-weight: bold;">918905 10 0</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z80e972be9d754fa294c7047037d61fd0">

        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">NAMES OF REPORTING PERSONS</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Dixie Rice Agricultural L.L.C.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">2</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify;">(a)&#160; &#9633;</div>
            <div style="text-align: justify;">(b)&#160; &#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">3</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SEC USE ONLY</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">4</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">5</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED</div>
            <div style="text-align: justify;">PURSUANT TO ITEMS 2(d) OR 2(e)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Louisiana</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 21.5%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF</div>
            <div style="text-align: center;">SHARES</div>
            <div style="text-align: center;">BENEFICIALLY</div>
            <div style="text-align: center;">OWNED BY</div>
            <div style="text-align: center;">EACH</div>
            <div style="text-align: center;">REPORTING</div>
            <div style="text-align: center;">PERSON</div>
            <div style="text-align: center;">WITH</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7</div>
          </td>
          <td style="width: 69.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">9</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">10</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">11</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">12</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">13</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">91.5%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">14</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">OO</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    </div>
    <div style="text-align: justify;">CUSIP No.&#160; <font style="font-weight: bold;">918905 10 0</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z4233df49fcf241a2ad8f5f4788501d91">

        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">NAMES OF REPORTING PERSONS</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Contran Corporation</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">2</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify;">(a)&#160; &#9633;</div>
            <div style="text-align: justify;">(b)&#160; &#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">3</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SEC USE ONLY</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">4</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">5</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED</div>
            <div style="text-align: justify;">PURSUANT TO ITEMS 2(d) OR 2(e)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 21.5%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF</div>
            <div style="text-align: center;">SHARES</div>
            <div style="text-align: center;">BENEFICIALLY</div>
            <div style="text-align: center;">OWNED BY</div>
            <div style="text-align: center;">EACH</div>
            <div style="text-align: center;">REPORTING</div>
            <div style="text-align: center;">PERSON</div>
            <div style="text-align: center;">WITH</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7</div>
          </td>
          <td style="width: 69.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">9</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">10</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">11</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">12</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">13</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">91.5%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">14</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">CO</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify;">CUSIP No.&#160; <font style="font-weight: bold;">918905 10 0</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zf8bb571945464e5fba5cff4e7db373c9">

        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">NAMES OF REPORTING PERSONS</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Lisa K. Simmons</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">2</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify;">(a)&#160; &#9633;</div>
            <div style="text-align: justify;">(b)&#160; &#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">3</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SEC USE ONLY</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">4</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">5</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED</div>
            <div style="text-align: justify;">PURSUANT TO ITEMS 2(d) OR 2(e)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">USA</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 21.5%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF</div>
            <div style="text-align: center;">SHARES</div>
            <div style="text-align: center;">BENEFICIALLY</div>
            <div style="text-align: center;">OWNED BY</div>
            <div style="text-align: center;">EACH</div>
            <div style="text-align: center;">REPORTING</div>
            <div style="text-align: center;">PERSON</div>
            <div style="text-align: center;">WITH</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7</div>
          </td>
          <td style="width: 69.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">9</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">10</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">11</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">-0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">12</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)&#160; <font style="font-family: Wingdings;">&#253;</font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">13</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">0.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">14</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">IN</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify;">CUSIP No.&#160; <font style="font-weight: bold;">918905 10 0</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd3917427f591408eb3a77ccafd36b8e0">

        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">NAMES OF REPORTING PERSONS</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Serena Simmons Connelly</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">2</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify;">(a)&#160; &#9633;</div>
            <div style="text-align: justify;">(b)&#160; &#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">3</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SEC USE ONLY</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">4</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">5</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED</div>
            <div style="text-align: justify;">PURSUANT TO ITEMS 2(d) OR 2(e)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">USA</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 21.5%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF</div>
            <div style="text-align: center;">SHARES</div>
            <div style="text-align: center;">BENEFICIALLY</div>
            <div style="text-align: center;">OWNED BY</div>
            <div style="text-align: center;">EACH</div>
            <div style="text-align: center;">REPORTING</div>
            <div style="text-align: center;">PERSON</div>
            <div style="text-align: center;">WITH</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7</div>
          </td>
          <td style="width: 69.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 56,136</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">9</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; 56,136</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">10</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">11</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">56,136</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">12</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)&#160; <font style="font-family: Wingdings;">&#253;</font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">13</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">0.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">14</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">IN</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify;"><font style="font-size: 12pt; font-weight: bold;">&#160;</font>CUSIP No.&#160; <font style="font-weight: bold;">918905 10 0</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z342b847fa06a4ca681ed718f0a9e154c">

        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">1</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">NAMES OF REPORTING PERSONS</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Harold C. Simmons Family Trust No. 2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">2</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify;">(a)&#160; &#9633;</div>
            <div style="text-align: justify;">(b)&#160; &#9633;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">3</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SEC USE ONLY</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">4</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">5</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED</div>
            <div style="text-align: justify;">PURSUANT TO ITEMS 2(d) OR 2(e)&#160; &#9633;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">6</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Texas</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 21.5%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">NUMBER OF</div>
            <div style="text-align: center;">SHARES</div>
            <div style="text-align: center;">BENEFICIALLY</div>
            <div style="text-align: center;">OWNED BY</div>
            <div style="text-align: center;">EACH</div>
            <div style="text-align: center;">REPORTING</div>
            <div style="text-align: center;">PERSON</div>
            <div style="text-align: center;">WITH</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">7</div>
          </td>
          <td style="width: 69.37%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -<font style="font-weight: bold;">0-</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">8</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED VOTING POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">9</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SOLE DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -<font style="font-weight: bold;">0-</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">10</div>
          </td>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">SHARED DISPOSITIVE POWER</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">310,346,282</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">11</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">-0-</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">12</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)&#160; <font style="font-family: Wingdings;">&#253;</font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">13</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">0.0%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.14%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">14</div>
          </td>
          <td colspan="3" style="width: 90.86%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">OO</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">AMENDMENT NO. 78</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">TO SCHEDULE 13D</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Capitalized terms not otherwise defined in this Amendment No. 78 to this Statement on Schedule 13D (this &#8220;<font style="font-style: italic;">Statement</font>&#8221;) shall have the meanings
      assigned to such terms in Amendment No. 73 to this Statement.&#160; This Statement relates to the common stock, par value $0.01 per share (the &#8220;<font style="font-style: italic;">Shares</font>&#8221;), of Valhi, Inc., a Delaware corporation (&#8220;<font style="font-style: italic;">Valhi</font>&#8221;).&#160; Items 2, 4, 5, 6 and 7 of this Statement are hereby amended as set forth below.&#160; The Reporting Persons (as defined below) are filing this amendment as a result of the appointment of a successor trustee
      of the Family Trust (as defined below).</div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9ed43462c0d74dea8ead8edb2dbc10d3">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 2.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Identity and Background.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Item 2 is amended and supplemented as follows.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">The following entities or persons are filing this Statement (collectively, the &#8220;<font style="font-style: italic;">Reporting Persons</font>&#8221;):</font></div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5314323712224edd9f74f46575cc714d">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Dixie Rice Agricultural L.L.C. (&#8220;<font style="font-style: italic;">Dixie Rice</font>&#8221;) as a direct holder of Shares;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z09fb2ba15950484a953286fa4bea5c16">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Contran Corporation (&#8220;<font style="font-style: italic;">Contran</font>&#8221;) by virtue of its indirect ownership of Valhi;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z758dc10df88343c2868bcc9a917df406">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Lisa K. Simmons by virtue of ownership of outstanding voting stock of Contran by her and entities related to her, and her position as co-chair of the Contran board of directors (the &#8220;<font style="font-style: italic;">Contran Board</font>&#8221;);</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf35a3e74ac0e4404b42c1d746af81546">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">Serena Simmons Connelly by virtue of ownership of outstanding voting stock of Contran by her and entities related to her, and her position as co-chair of the Contran Board; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd922deb4856b4866850febbf85e5c3ab">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 36pt; font-size: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; font-size: 12pt;">the Harold C. Simmons Family Trust No. 2 (the &#8220;<font style="font-style: italic;">Family Trust</font>&#8221;), by virtue of its ownership of outstanding voting stock of Contran.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">By signing this Statement, each Reporting Person agrees that this Statement is filed on its or her behalf.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;">The following is a description of the relationships among the Reporting Persons.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">A majority of Contran&#8217;s outstanding voting stock is held directly by Ms. Simmons and Ms. Connelly and various family trusts established for the benefit of Ms. Simmons and Ms.
      Connelly and their children and for which Ms. Simmons or Ms. Connelly, as applicable, serves as trustee (collectively, the &#8220;<font style="font-style: italic;">Other Trusts</font>&#8221;). The remainder of Contran&#8217;s outstanding voting stock is held by the
      Family Trust, for which Ms. Simmons and Ms. Connelly previously served as co-trustees.&#160; Ms. Simmons and Ms. Connelly are sisters.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Effective July 16, 2019, and upon entry of an agreed final judgment by the probate court of Dallas County in the state of Texas (the &#8220;<font style="font-style: italic;">Final Judgment</font>&#8221;),
      Ms. Simmons and Ms. Connelly appointed Terri Lacy and Kalita Blessing, respectively, as successor co-trustees of the Family Trust.&#160; Effective September 3, 2019, each of Ms. Lacy and Ms. Blessing resigned as a trustee of the Family Trust.&#160; Effective
      September 3, 2019, each of Ms. Simmons and Ms. Connelly appointed Tolleson Private Bank (the &#8220;<font style="font-style: italic;">Trustee</font>&#8221;) as successor trustee of the Family Trust. Pursuant to the Final Judgment, Ms. Simmons and Ms. Connelly
      retain the ability to appoint qualifying successor trustees of the Family Trust if the then-serving trustee resigns or otherwise does not serve as trustee.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Ms. Simmons and Ms. Connelly serve as co-chairs of the Contran Board, and one other member of Contran management also serves on the Contran Board.&#160; The Trustee of the Family Trust
      has the power to vote and direct the disposition of the shares of Contran stock held by the Family Trust.&#160; Ms. Simmons and Ms. Connelly each has the power to vote and direct the disposition of shares of Contran stock they hold directly or which is
      held by the Other Trusts for which they serve as trustee.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Contran is the holder of the sole membership interest of Dixie Rice and may be deemed to control Dixie Rice.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Ms. Simmons, Ms. Connelly (or one of the Other Trusts&#160; for which Ms. Connelly is the sole trustee and sole beneficiary, whose Shares are combined with those held directly by Ms.
      Connelly for purposes of the percentage below) and the Family Trust directly hold, or are related to the following persons or entities that directly hold, the following percentages of the 339,235,449&#160;Shares outstanding as of the close of business on
      August 30, 2019 based on information from Valhi (the &#8220;<font style="font-style: italic;">Outstanding Shares</font>&#8221;):</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z795b247c0fae4bbc858cfe2683c079c9">

        <tr>
          <td style="width: 78.74%; vertical-align: bottom;">
            <div style="text-align: justify;"><font style="font-size: 12pt;">Dixie Rice</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 372.6pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 21.26%; vertical-align: bottom;">
            <div style="font-size: 12pt;">&#160;&#160;&#160; 91.5%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 78.74%; vertical-align: middle;">
            <div style="text-indent: -36pt; margin-left: 36pt;"><font style="font-size: 12pt; font-family: 'Times New Roman',Times,serif;">Serena Simmons Connelly</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 372.6pt;" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 21.26%; vertical-align: middle;">
            <div style="margin-left: 10.8pt; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Less than 1%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Dixie Rice may be deemed to control Valhi.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Ms. Simmons, Ms. Connelly and the Family Trust directly hold, or are related to the following persons or entities that directly hold, the following percentages of the outstanding
      shares of Kronos Worldwide common stock:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z221728f0bc504fce8efa8e207f575efe">

        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Valhi</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="font-size: 12pt;">50.1%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">NLKW Holding LLC (&#8220;</font><font style="font-size: 12pt; font-style: italic;">NLKW</font><font style="font-size: 12pt;">&#8221;)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="font-size: 12pt;">30.4%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Contran</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Less than 1%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Serena Simmons Connelly</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Less than 1%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Together, Valhi, NL Industries, Inc. (&#8220;<font style="font-style: italic;">NL</font>&#8221;) (and its wholly-owned subsidiary NLKW) and Contran may be deemed to control Kronos Worldwide.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Ms. Simmons, Ms. Connelly and the Family Trust directly hold, or are related to the following persons or entities that directly hold, the following percentages of the outstanding
      shares of NL common stock:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z77a7e4fd7f284e048469717eba8bdf6d">

        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Valhi</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;&#160;&#160; 82.8%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Kronos Worldwide (&#8220;</font><font style="font-size: 12pt; font-style: italic;">Kronos Worldwide</font><font style="font-size: 12pt;">&#8221;)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="margin-left: 12.6pt; font-size: 12pt;">Less than 1%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 79.67%; vertical-align: top;">
            <div><font style="font-size: 12pt;">Serena Simmons Connelly</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 377.3pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 20.33%; vertical-align: top;">
            <div style="margin-left: 12.6pt; font-size: 12pt;">Less than 1%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Together, Valhi and Kronos Worldwide may be deemed to control NL.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 46.1pt; font-size: 12pt;">NL (including a wholly owned subsidiary of NL) and Kronos Worldwide own 14,372,970 Shares and 1,724,916 Shares, respectively.&#160; As already stated, Valhi is the direct holder of
      approximately 82.8% of the outstanding shares of common stock of NL and 50.1% of the outstanding shares of Kronos Worldwide common stock.&#160; As a result of Valhi&#8217;s direct and indirect ownership of NL and Kronos Worldwide and pursuant to Delaware law
      and Section 13(d)(4) of the Exchange Act, Valhi treats the Shares that NL and Kronos Worldwide own as treasury stock for voting purposes.&#160; For the purposes of this statement, such Shares that NL and Kronos Worldwide hold are not deemed outstanding.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">By virtue of the stock ownership of each of Kronos Worldwide, NL, Valhi, Dixie Rice and Contran, Ms. Simmons and Ms. Connelly being beneficiaries of the Family Trust, the direct
      holdings of Contran voting stock by each of Ms. Simmons, Ms. Connelly and the Other Trusts, the positions as co-chairs of the Contran Board by each of Ms. Simmons and Ms. Connelly, and the Family Trust&#8217;s ownership of Contran voting stock, in each
      case as described above, <font style="font-weight: bold;">(a)</font> Ms. Simmons, Ms. Connelly and the Family Trust (and the Trustee, in its capacity as trustee of the Family Trust) may be deemed to control Contran, Dixie Rice, Valhi, NL and Kronos
      Worldwide and <font style="font-weight: bold;">(b)</font> Ms. Simmons, Ms. Connelly, the Family Trust (and the Trustee, in its capacity as trustee of the Family Trust), Contran, Dixie Rice, Valhi, NL and Kronos Worldwide may be deemed to possess
      indirect beneficial ownership of, and a pecuniary interest in, shares of common stock directly held by such entities, including any Shares.&#160; However, Ms. Simmons, Ms. Connelly and the Family Trust (and the Trustee) each disclaims 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 their direct beneficial ownership, if any, in shares of such entities.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">Certain information concerning the directors and executive officers of Dixie Rice and Contran is set forth on <font style="font-weight: bold;">Schedule B</font> attached hereto and incorporated herein
      by reference.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">The principal offices of Dixie Rice and Contran are located at, and the business address of Lisa K. Simmons and Serena Simmons Connelly is, Three Lincoln Centre, 5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240.&#160; The business address of the
        Family Trust is 5550 Preston Road, Suite B, Dallas, Texas 75205.&#160; The business addresses of the remaining directors and executive officers of Dixie Rice and Contran are set forth on <font style="font-weight: bold;">Schedule B</font> to this
        Statement and incorporated herein by reference.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(c)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Kronos Worldwide is principally engaged in the international production of titanium dioxide products.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In addition to the manufacturing of security products and recreational marine components engaged in through CompX International Inc., a subsidiary of NL (&#8220;<font style="font-style: italic;">CompX</font>&#8221;), and the holding of the securities described above as directly held by NL (or one of its wholly owned subsidiaries), NL is principally engaged through a subsidiary in reinsurance brokerage and risk management.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In addition to the activities engaged in through Kronos Worldwide and NL, Valhi is engaged through certain of its subsidiaries in real estate management and development.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In addition to activities engaged in through Valhi and the other companies it may be deemed to control, as described above, Dixie Rice is principally engaged in holding the
      securities described above as directly held by Dixie Rice and in land management and oil and gas activities.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Contran is principally engaged in the activities engaged in through Dixie Rice and Valhi.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">The Family Trust is a trust organized under the laws of the state of Texas.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(d)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">None of the Reporting Persons or, to the best knowledge of such persons, any of the persons named in Schedule B to this Statement has been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar
        misdemeanors).</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(e)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">None of the Reporting Persons or, to the best knowledge of such persons, any person named in <font style="font-weight: bold;">Schedule B</font> to this Statement, was a party to a civil proceeding of a judicial or administrative body of
        competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any
        violation with respect to such laws.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(f)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice is a Louisiana limited liability company.&#160; Contran is a Delaware corporation.&#160; The Family Trust is a trust created under the laws of the state of Texas.&#160; Except as noted in<font style="font-weight: bold;"> Schedule B</font>, Lisa
        K. Simmons, Serena Simmons Connelly and all the persons named on <font style="font-weight: bold;">Schedule B</font> to this Statement are citizens of the United States.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5db74721185240c3a2e771d06d18b8a9">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 4.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Purpose of Transaction</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Item 4 is amended and supplemented as follows.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Depending upon their evaluation of Valhi&#8217;s business and prospects, and upon future developments (including, but not limited to, performance of the Shares in the market, availability
      of funds, alternative uses of funds, and money, stock market and general economic conditions), any of the Reporting Persons or other entities that may be deemed to be related to Contran may from time to time purchase Shares, and any of the Reporting
      Persons or other entities that may be deemed to be related to Contran may from time to time dispose of all or a portion of the Shares held by such person, or cease buying or selling Shares.&#160; Any such additional purchases or sales of Shares may be in
      open market or privately negotiated transactions or otherwise.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">On the day of each annual stockholder meeting of Valhi, each of its eligible directors elected on that date receives a grant of Shares pursuant to a formula based on the closing
      price of a Share on the date of the meeting.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In March 2019, Valhi filed a Form S-3 registration statement with the Securities and Exchange Commission (&#8220;<font style="font-style: italic;">SEC</font>&#8221;), registering all of the
      Shares held by NL (including a wholly owned subsidiary of NL) for resale by NL.&#160; The registration statement has been declared effective by the SEC.&#160; NL may sell all or a portion of such Shares from time to time under the registration statement.&#160;
      Through August 30, 2019, NL has not sold any Shares under the registration statement.&#160; See Item 2 of this Statement for a discussion of the treatment of such&#160; Shares owned by NL.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Except as described in this Item 4, none of the Reporting Persons nor, to the best knowledge of such persons, any other person named in <font style="font-weight: bold;">Schedule B</font>
      to this Statement has formulated any plans or proposals which relate to or would result in any matter required to be disclosed in response to paragraphs (a) through (j) of Item 4 of Schedule 13D.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2f0bec8b759b4410bf5396b2c2e9a5bc">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 5.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Interest in Securities of the Issuer.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Item 5 is amended and supplemented as follows.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice and Ms. Connelly (or one of the Other Trusts for which Ms. Connelly is the sole trustee and sole beneficiary, whose Shares are combined with those held directly by Ms. Connelly in the table below) directly hold the following
        Shares:</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z90bd7a1528dc4cdab27a7ab82946dbe0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
            <div>
              <div style="text-align: center; font-size: 12pt; font-weight: bold;">Reporting Person</div>
            </div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px;">
            <div>
              <div style="text-align: center; font-size: 12pt; font-weight: bold;">Shares Directly Held</div>
            </div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
            <div style="text-align: justify; font-size: 12pt;">Dixie Rice<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt;">&#160;</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
            <div style="font-size: 12pt;">310,346,282</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: #FFFFFF;">
            <div style="text-align: justify; font-size: 12pt;">Serena Simmons Connelly<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt;">&#160;</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #FFFFFF;">
            <div style="font-size: 12pt;">56,136</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #FFFFFF;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 4px; background-color: #CCEEFF;">
            <div style="text-align: justify; margin-left: 17.1pt; font-size: 12pt; font-weight: bold;">Total<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt;">&#160;</font></div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
            <div style="font-size: 12pt; font-weight: bold;">310,402,418</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">By virtue of the relationships described under Item 2 of this Statement:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(1)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice, Contran, Ms. Simmons and the Family Trust (and the Trustee, in its capacity as trustee of the Family Trust) may each be deemed to be the beneficial owner of the 310,346,282 Shares (approximately 91.5% of the
        Outstanding Shares) that Dixie Rice directly holds; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(2)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Ms. Connelly may be deemed to be the beneficial owner of the 310,402,418&#160;Shares (approximately 91.5% of the Outstanding Shares) that Dixie Rice and she directly hold, or that one of the Other Trusts for which she is sole
        trustee and sole beneficiary directly holds.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section
      13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D, except (with respect to the applicable Reporting Person only) for the Shares such&#160; Reporting Person holds directly (or, for Ms.
      Connelly, that she holds through one of the Other Trusts for which she is sole trustee and sole beneficiary).</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In addition, each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes
      of Section 13(d) or 13(g) of the Act or any other purpose (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of
      securities of Valhi, NL, Kronos Worldwide and/or CompX (collectively, the &#8220;Companies&#8221;) or any securities of any of the Companies or (ii) a member of any syndicate or group with respect to any of the Companies or any securities of any of the
      Companies.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">By virtue of the relationships described in Item 2 of this Statement:</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(1)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice, Contran, Ms. Connelly, Ms. Simmons and the Family Trust (and the Trustee, in its capacity as trustee of the Family Trust) may each be deemed to share the power to vote and direct the disposition of the
        310,346,282 Shares (approximately 91.5% of the Outstanding Shares) that Dixie Rice directly holds; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(2)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Ms. Connelly may be deemed to have sole power to vote and direct the disposition of the 56,135 Shares (approximately 0.0% of the Outstanding Shares) that she directly holds, or a trust for which she is sole trustee and sole
        beneficiary directly holds.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">The Reporting Persons understand, based on ownership filings with the SEC or upon information provided by the persons listed on <font style="font-weight: bold;">Schedule B</font> to this Statement, that
      such persons may be deemed to own beneficially the Shares as indicated on <font style="font-weight: bold;">Schedule&#160;C </font>to this Statement.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt; font-weight: bold;">(d)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice and Ms. Connelly each has the right to receive and the power to direct the receipt of dividends from, and proceeds from the sale of, the Shares directly held by such entity or person (or, in the case of Ms. Connelly, by one of the
        Other Trusts for which she is sole trustee and sole beneficiary).</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z67c0283560284113b9207b67f9ed3408">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 6.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Item 6 is amended and restated as follows.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Effective December 31, 2018 pursuant to a pledge agreement between Contran and Dixie Rice, Dixie Rice pledged to a deferred compensation trust an aggregate of 120,000 Shares to
      secure Contran&#8217;s obligations under a deferred compensation agreement for the benefit of a former executive officer of Contran or such officer&#8217;s beneficiary.&#160; Pursuant to the pledge agreement, Contran agreed to:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt;">(i)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">pay Dixie Rice quarterly a fee equal to 0.125% of the value of the Shares pledged under the agreement; and</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 12pt;">(ii)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">indemnify Dixie Rice against any loss or incremental cost resulting from the pledge of the Shares to the trust under the pledge agreement or any transfer of the Shares to the trust.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Prior to any transfer of any Shares to the trust resulting from such obligations, Dixie Rice retains all rights to vote and receive dividends on the pledged Shares.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">The information included in Items 2, 4 and 5 of this Statement is hereby incorporated herein by reference.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb819616449e14adb80de6bd5b1810939">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right; font-size: 12pt; font-weight: bold;">Item 7.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 12pt; font-weight: bold;">Material to be Filed as Exhibits.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Item 7 is amended and supplemented as follows.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z49d69fe733584271a63f2674ab998939">

        <tr>
          <td style="width: 23.74%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Exhibit 1*<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 76.26%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pledge Agreement dated as of December 31, 2018 between Contran Corporation and Dixie Rice Agricultural L.L.C. for the benefit of the Contran Deferred Compensation Trust No. 3.</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23.74%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Exhibit 2*<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
          </td>
          <td style="width: 76.26%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Joint Filing Agreement dated as of September 4, 2019, among the Reporting Persons.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23.74%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 76.26%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">*&#160; Filed herewith.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">Signature</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 12pt;">Date:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">September 4, 2019</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 234pt;"><font style="font-size: 12pt;"><u>/s/ Serena Simmons Connelly</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 234pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div style="text-align: justify; margin-left: 234pt; font-size: 12pt; font-style: italic;">Serena Simmons Connelly</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">Signature</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 12pt;">Date:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">September 4, 2019</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 234pt;"><font style="font-size: 12pt;"><u>/s/ Lisa K. Simmons</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 234pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div style="text-align: justify; margin-left: 234pt; font-size: 12pt; font-style: italic;">Lisa K. Simmons</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">Signature</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 12pt;">Date:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">September 4, 2019</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 234pt;"><font style="font-size: 12pt;"><u>/s/ Robert D. Graham</u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 234pt" id="TRGRRTFtoHTMLTab">&#160;</font></div>
    <div style="text-align: justify; margin-left: 234pt; font-size: 12pt; font-style: italic;">Robert D. Graham, Signing in the capacities listed on Schedule &#8220;A&#8221; attached hereto and incorporated herein by reference.</div>
    <div><br>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.</div>
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    <div style="text-align: justify;"><font style="font-size: 12pt;">Date:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">September 4, 2019</font></div>
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    <div style="text-align: justify; text-indent: 216pt; font-size: 12pt;">Harold C. Simmons Family Trust No. 2</div>
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                <div style="font-size: 12pt;">Tolleson Private Bank, not in its individual capacity but solely as trustee of the Harold C. Simmons Family Trust No. 2</div>
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              <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 12pt;">By:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font></td>
              <td style="width: 144pt; vertical-align: top; align: right; font-size: 12pt;"><u>/s/ Tracey L. Reyes</u></td>
              <td style="width: auto; vertical-align: top; text-align: justify; font-size: 1px;"><font style="display: inline-block; text-indent: 0px; width: 12pt;" id="TRGRRTFtoHTMLTab">&#160;</font></td>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SCHEDULE A</div>
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    <div style="text-align: justify; font-size: 12pt;">ROBERT D. GRAHAM, for the entities set forth below, as the officer stated:</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">The names of the directors and executive officers of Dixie Rice and Contran and their present principal occupations are set forth below.&#160; Each such person is a citizen of the United
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              Valhi; chairman of the board, president and chief executive officer of Dixie Rice; and director, president and chief executive officer of Contran</div>
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            <div style="text-align: justify; font-size: 12pt;">Executive vice president and chief tax officer of CompX, Kronos Worldwide, NL, Valhi, Dixie Rice and Contran</div>
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            <div style="text-align: justify; font-size: 12pt;">Executive vice president of CompX, Kronos Worldwide and NL; executive vice president, general counsel and secretary of Valhi; and executive vice president, general counsel and secretary of
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          <td style="width: 6.75%; vertical-align: top;">&#160;</td>
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          <td style="width: 80.89%; vertical-align: top;">&#160;</td>
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          <td style="width: 12.36%; vertical-align: top;">&#160;</td>
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            <div style="text-align: right; font-size: 12pt;">3,498</div>
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              <div style="text-align: justify; font-size: 12pt;">Does not include other Shares of which Ms. Connelly may be deemed to possess indirect beneficial ownership as described in Items 2 and 5(a) of this Statement.&#160; Except for the 56,136 Shares
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              <div style="font-size: 12pt;">Does not include Shares of which Ms. Simmons may be deemed to possess indirect beneficial ownership as described in Items 2 and 5(a) of this Statement.&#160; Ms. Lisa Simmons disclaims beneficial ownership of all
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>PLEDGE AGREEMENT DATED DECEMBER 31, 2018
<TEXT>
<html>
  <head>
    <title></title>
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         Copyright 1995 - 2019 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">PLEDGE AGREEMENT</div>
    <div style="text-align: center; font-size: 12pt; font-style: italic;">For the Benefit of the Contran Deferred Compensation Trust No. 3</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">This Pledge Agreement (this &#8220;<font style="font-style: italic;">Agreement</font>&#8221;) is made as of December 31, 2018 between Contran Corporation, a Delaware corporation (&#8220;<font style="font-style: italic;">Contran</font>&#8221;), and Dixie Rice Agricultural L.L.C., a Louisiana limited liability company (&#8220;<font style="font-style: italic;">Dixie Rice</font>&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Recitals</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt;">A.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Contran and
        Glenn R. Simmons (&#8220;<font style="font-style: italic;">Simmons</font>&#8221;) entered into the following nonqualified deferred compensation agreement (with any further amendments to this agreement, the &#8220;<font style="font-style: italic;">Deferred
          Compensation Agreement</font>&#8221;):</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 72pt; font-size: 12pt;">The Deferred Compensation Agreement (Originally Established October&#160;31, 1984) Amended and Restated as of January 1, 1999, as amended by First Amendment dated as of October 1, 2004,
      and by Second Amendment dated as of July 20, 2005.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Pursuant to the Deferred Compensation Agreement, Contran has an obligation to pay Simmons or his beneficiary upon the occurrence of certain events (a &#8220;<font style="font-style: italic;">Payout Event</font>&#8221;)
      the value of Simmons&#8217;s deferred compensation accounts established by the Deferred Compensation Agreement, less the value of assets concurrently distributed to him at the time by the trustee of the Amended and Restated Contran Deferred Compensation
      Trust No. 3 as of July 1, 2004 (the &#8220;<font style="font-style: italic;">CDCT</font>&#8221;).</div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt;">B.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">On<font style="font-weight: bold;">&#160;</font>August 25, 2005, Valhi Holding Company, a Delaware corporation and a subsidiary of Contran (&#8220;<font style="font-style: italic;">VHC</font>&#8221;), in order to assist Contran in funding it obligations under the
        Deferred Compensation Agreement (and two other deferred compensation agreements, which have since been terminated), pledged 120,000 shares (the &#8220;<font style="font-style: italic;">Old</font>&#160;<font style="font-style: italic;">Shares</font>&#8221;) of the
        common stock, par value $0.01 per share (&#8220;<font style="font-style: italic;">Valhi Common Stock</font>&#8221;), of Valhi, Inc., a Delaware corporation and also a subsidiary of VHC and Contran, registered in the name of VHC to the CDCT in consideration of
        a collateral fee and an indemnity from Contran pursuant to a Pledge Agreement dated August 25, 2005 (the &#8220;<font style="font-style: italic;">Old Pledge Agreement</font>&#8221;) between Contran and VHC.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt;">C.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">On<font style="font-weight: bold;">&#160;</font>December 31, 2018, pursuant to a Plan of Complete Liquidation and Dissolution of VHC, VHC dissolved and was liquidated, and the shares of Valhi Common Stock owned by VHC, including the Old Shares subject to the
        lien under the Old Pledge Agreement, are now owned by Dixie Rice, and Dixie Rice is the successor to VHC.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 12pt;">D.</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">Dixie Rice
        desires to pledge 120,000 shares of Valhi Common Stock registered in the name of Dixie Rice (the &#8220;<font style="font-style: italic;">New Shares</font>&#8221;) to the CDCT under the terms of this Agreement in anticipation of the delivery of the Old Shares
        to Dixie Rice.</font></div>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Agreement</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">In consideration of the mutual premises, representations and covenants herein contained, the parties hereto mutually agree as follows.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>1.<font style="font-weight: bold;">&#160;&#160;</font><font style="font-weight: bold; font-style: italic;">The Pledge</font><font style="font-weight: bold;">.</font>&#160;&#160;Dixie Rice agrees to secure Contran&#8217;s obligations under the Deferred Compensation Agreement by granting to the CDCT a security interest in the New Shares and delivering to the CDCT stock certificates for the New
      Shares with applicable stock powers duly executed in blank by Dixie Rice, all in a form reasonably satisfactory to the CDCT.&#160; Dixie Rice warrants that the New Shares, when delivered to the CDCT will be free and clear of all liens, claims and
      encumbrances whatsoever, <font style="font-style: italic;">except </font>for such liens, claims and encumbrances on the New Shares created by this Agreement.&#160; The CDCT may at any time following the occurrence and during the continuation of a Payout
      Event cause any or all of the New Shares to be transferred of record into the name of the CDCT or its nominee and exercise any and all rights of a secured party holding a security interest in the New Shares under the uniform commercial code.&#160; Prior
      to the transfer of record of a New Share to the CDCT, Dixie Rice shall retain all rights to vote the New Share and receive dividends on the New Share.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>2.<font style="font-weight: bold;">&#160;&#160;</font><font style="font-weight: bold; font-style: italic;">The Pledge Fee</font><font style="font-weight: bold;">.&#160;&#160;</font>As consideration for pledging the New Shares, beginning January 1, 2019 Contran shall pay to Dixie Rice on March 31, June 30, September 30 and December 31 of each year (if a business day, and if not, on the next
      successive business day as if made as of the end of such calendar quarter) a fee equal to 0.125% of the value of the New Shares based on the closing sales price per share for shares of Valhi Common Stock on the second to last day of such calendar
      quarter on which such shares traded as reported by the New York Stock Exchange or such other principal exchange or other market quotation system on which such shares may then trade.&#160; Upon the termination of this Agreement, if the termination date is
      not as of the end of a calendar quarter, Contran shall pay on the termination date to Dixie Rice a pro rated fee based on the portion of the calendar quarter that the New Shares were pledged and the closing sales price per share of Valhi Common Stock
      on the second to last day on which shares of Valhi Common Stock traded prior to the termination date as reported by the New York Stock Exchange or such other principal exchange or other market quotation system on which such shares may then trade.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>3.<font style="font-weight: bold;">&#160;&#160;</font><font style="font-weight: bold; font-style: italic;">Indemnity</font><font style="font-weight: bold;">.&#160;&#160;</font>Contran agrees to indemnify Dixie Rice against any loss or incremental cost resulting from the pledge of the New Shares to the CDCT under this Agreement or the transfer of the New Shares to the CDCT.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>4.<font style="font-weight: bold;">&#160;&#160;</font><font style="font-weight: bold; font-style: italic;">Return of Old Shares</font><font style="font-weight: bold;">.&#160;&#160;</font> Contran agrees to use its best efforts to deliver stock certificates representing the Old Shares to Dixie Rice shortly after the delivery of the New Shares to the CDCT.&#160; Contran and Dixie Rice (as successor to
      VHC) agree that upon delivery to the CDCT of stock certificates for the New Shares with applicable stock powers duly executed in blank by Dixie Rice, the Old Pledge Agreement will terminate effective as of December 31, 2018.</div>
    <div><br>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>5.<font style="font-weight: bold;">&#160;&#160;</font><font style="font-weight: bold; font-style: italic;">Termination</font><font style="font-weight: bold;">.&#160;&#160;</font>Either party hereto may terminate this Agreement by giving the other party thirty days advance written notice of such termination.&#160; On the termination date of this Agreement, Contran shall return the stock
      certificates representing the New Shares to Dixie Rice and the related stock powers that Dixie Rice originally tendered to Contran under this Agreement.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Section&#160;</font>6.&#160;&#160;<font style="font-weight: bold; font-style: italic;">Applicable Law</font>.&#160;&#160;This Agreement shall be governed by and construed in
      accordance with the domestic laws of the state of Texas, without giving effect to any choice of law or conflict of law provision or rule (whether of the state of Texas or any other jurisdiction) that would cause the application of the laws of any
      jurisdiction other than the state of Texas.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-weight: bold;">Executed </font>as of the date first above written.</div>
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            <div style="text-align: justify; font-size: 12pt; font-variant: small-caps; font-weight: bold;">Contran Corporation</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: justify;"><font style="font-size: 12pt;">By:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">/s/ Kelly D. Luttmer</font></div>
            <div style="text-align: justify; margin-left: 27pt; font-size: 12pt; font-style: italic;">Kelly D. Luttmer,</div>
            <div style="text-align: justify; margin-left: 27pt; font-size: 12pt; font-style: italic;">Executive Vice President</div>
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            <div style="text-align: justify; font-size: 12pt; font-variant: small-caps; font-weight: bold;">Dixie Rice Agricultural L.L.C.</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: justify;"><font style="font-size: 12pt;">By:</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt;">/s/ Gregory M. Swalwell</font></div>
            <div style="text-align: justify; margin-left: 26.1pt; font-size: 12pt; font-style: italic;">Gregory M. Swalwell,</div>
            <div style="text-align: justify; margin-left: 26.1pt; font-size: 12pt; font-style: italic;">Executive Vice President</div>
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<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>JOINT FILING AGREEMENT DATED SEPTEMBER 4, 2019
<TEXT>
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      <div style="text-align: center; margin-top: 9pt; font-weight: bold;">JOINT FILING AGREEMENT</div>
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      <div style="text-indent: 24.5pt; margin-top: 9pt;">In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the
        joint filing on behalf of each of them of this Amendment No. 78 to Schedule 13D (&#8220;Joint Schedule&#8221;), and any further amendments thereto, with respect to the common stock, par value $0.01 per share, of Valhi, Inc., and further agree that this Joint
        Filing Agreement may be included as an exhibit to the Joint Schedule and any further amendments thereto.</div>
      <div style="text-indent: 24.5pt; margin-top: 9pt;">Each of the undersigned agrees and acknowledges that each party hereto is responsible for the timely filing of the
        Joint Schedule and any and all amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein;&#160;<font style="font-style: italic;">provided</font>&#160;that
        no party is responsible for the completeness and accuracy of the information concerning any other party unless such party knows or has reason to believe that such information is inaccurate.</div>
      <div style="text-indent: 24.5pt; margin-top: 9pt;">This Joint Filing Agreement may be executed in any number of counterparts, all of which together shall constitute one
        and the same instrument.&#160; Any party may terminate this agreement with respect to future amendments of the Joint Schedule by delivering written notice to each other party of such termination.</div>
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    <div style="background-color: #FFFFFF;">
      <div><br>
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      <div style="margin-top: 9pt;">Dated: September 4, 2019</div>
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      <div style="text-align: center; margin-top: 9pt;">[SIGNATURE PAGE FOLLOWS]</div>
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      <div style="text-indent: 24.5pt;">IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the date first written above.</div>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">DIXIE RICE AGRICULTURAL L.L.C.</div>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">By:<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 59pt">&#160;</font><u>/s/ Robert D. Graham</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
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      <div style="text-indent: 0pt; margin-left: 252pt;">Chairman of the Board, President and Chief Executive Officer</div>
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      <div><br>
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      <div><br>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">CONTRAN CORPORATION</div>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">By:<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 59pt">&#160;</font><u>/s/ Robert D. Graham</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
      <div style="text-indent: 47.5pt; margin-left: 204.5pt;">Robert D. Graham</div>
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      <div style="text-indent: 0pt; margin-left: 252pt;">President and Chief Executive Officer</div>
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      <div><br>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">HAROLD C. SIMMONS FAMILY TRUST NO. 2</div>
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                </td>
                <td style="width: 59pt; vertical-align: top; align: right;">By:</td>
                <td style="width: auto; vertical-align: top;">
                  <div>Tolleson Private Bank, not in its individual capacity but solely as trustee of the Harold C. Simmons Family Trust No. 2</div>
                </td>
              </tr>

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      <div><br>
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      <div>
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              <td style="width: 40.5pt; vertical-align: top; align: right;">By:<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 40.5pt">&#160;</font></td>
              <td style="width: 162pt; vertical-align: top; align: right;"><u>/s/ Tracey L. Reyes</u></td>
              <td style="width: auto; vertical-align: top; text-align: justify; font-size: 1px;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; width: 12pt;">&#160;</font></td>
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              <td style="width: 58.5pt; vertical-align: top; align: right;">Name:</td>
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                <div>Tracey L. Reyes</div>
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              <td style="width: 40.5pt; vertical-align: top; align: right;">Title:</td>
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                <div>Vice President, Director of Private Trust</div>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;"><u>/s/ Lisa K. Simmons</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">Lisa K. Simmons</div>
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      <div><br>
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      <div style="text-indent: 24.5pt; margin-left: 204.5pt;"><u>/s/ Serena Simmons Connelly</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
      <div style="text-indent: 24.5pt; margin-left: 204.5pt;">Serena Simmons Connelly</div>
      <div><br>
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      <div><br>
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      <div><br>
      </div>
      <div><br>
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