Exhibit

    4.3

  

   

  

  
    	 	 	 	 	 	 	 
	 	
            COMMON STOCK

               PAR VALUE $.01

          	 	 	 	
            COMMON STOCK

          	 
	
            Certificate Number

          	 	 	 	 	 	
            Shares

          
	 	 	 	
            Valhi, Inc.

          	 	 	 
	 	 	 	 	 	 	 
	 	 	
            [Valhi, Inc. Logo]

          	 	 
	 	 	
            INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

          	
            THIS CERTIFICATE IS TRANSFERABLE IN CITIES DESIGNATED BY THE TRANSFER AGENT, AVAILABLE ONLINE AT

            www.computershare.com

          	 
	 	 	 	 	 	 	 
	 	 	 	 	
            SEE REVERSE FOR CERTAIN DEFINITIONS

          
	
            THIS CERTIFIES THAT

          	 	 	 	
            CUSIP 918905 10 0

          
	 	 	 	 	 
	
            is the owner of

          	 	 	 	 
	 	 	 	 	 	 
	
            FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF

          
	
             

            Valhi, Inc. (hereinafter called the “Corporation”), transferable on the books of the Corporation by the holder hereof in person or by
                duly authorized attorney upon surrender of this certificate properly endorsed.  This certificate is not valid unless countersigned by the Transfer Agent and Registrar.

             

            Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.

          
	 	 	 	 	 
	 	 	
            [Valhi, Inc.

          	
            Dated 

          	 
	
            [Facsimile Signature]

            Chief Executive Officer

          	
            Corporate Seal

          	
            COUNTERSIGNED AND REGISTERED

            COMPUTERSHARE TRUST COMPANY, N.A.

            TRANSFER AGENT AND REGISTRAR

          	 
	 	
            Delaware]

          	 	 
	 	 	 	 	 	 
	
            [Facsimile Signature]

          	 	 	 
	
            Secretary

          	 	
            BY:  [Facsimile Signature]

          	 
	 	 	 	
            AUTHORIZED SIGNATURE

          	 
	 	 	 	 	 
	 	 	
            SECURITY INSTRUCTIONS ON REVERSE

          	 	 	 


    

    

    
      
        


    

    VALHI, INC.

    THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS, A SUMMARY OF THE
        POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE CORPORATION AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN
        RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE CERTIFICATE OF INCORPORATION OF THE CORPORATION, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE CORPORATION, AND THE AUTHORITY OF THE BOARD OF
        DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE CORPORATION OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS
        LEGAL REPRESENTATIVES, TO GIVE THE CORPORATION A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE.

    

    

    

    

    The following abbreviations, when used in the inscription on the face of this certificate, shall be
        construed as though they were written out in full according to applicable laws or regulations:

    	
            TEN COM

          	
            —

          	
            as tenants in common

          	 	
            UNIF GIFT MIN ACT

          	
            —

          	
            Custodian 

          
	
            TEN ENT

          	
            —

          	
            as tenants by the entireties

          	 	 	 	
            (Cust) (Minor)

          
	
            JT TEN

          	
            —

          	
            as joint tenants with right of survivorship and not as tenants in common

          	 	 	 	
            under Uniform Gifts to Minors Act

            
               

               

            

            (State)

          
	 	 	 	 	
            UNIF TRF MIN ACT

          	
            —

          	
            Custodian 

          
	 	 	 	 	 	 	
            (Cust) (Minor)

          
	 	 	 	 	 	 	
            under Uniform Gifts to Minors Act

            
               

               

            

            (State)

          
	 	 	
            Additional abbreviations may also be used though not in the above list.

          	 	 


    

    

    For value received, hereby sell, assign and transfer unto [PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

    

    

    

    

     _

    (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

     _

    

    

     _

    

    

    Shares of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

     

    

    Attorney to transfer the said stock on the books of the within-named Company with full power of
        substitution in the premises.

    

    

    Dated: 20  

    

    

    Signature:  

    

    

    

    

    Signature:

    Notice: The signature to this assignment must correspond with the name as written upon the face of
        the certificate, in every particular, without alteration or enlargement, or any change whatever.

    

    

    

    

    Signature(s) Guaranteed: Medallion Guarantee Stamp

    THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN
          ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION
          PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.

    The IRS requires that the named transfer agent (“we”)
        report the cost basis of certain shares or units acquired after January 1, 2011. If your shares or units are covered by the legislation, and you requested to sell or transfer the shares or units using a specific cost basis calculation method, then
        we have processed as you requested. If you did not specify a cost basis calculation method, then we have defaulted to the first in, first out (FIFO) method. Please consult your tax advisor if you need additional information about cost basis.

    If you do not keep in contact with the
        issuer or do not have any activity in your account for the time period specified by state law, your property may become subject to state unclaimed property laws and transferred to the appropriate state.