ETHYL CORP
SC 13G/A, 1994-02-14
CHEMICALS & ALLIED PRODUCTS
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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                          SCHEDULE 13G

            Under the Securities Exchange Act of 1934

                       (Amendment No. 15)




                      ETHYL CORPORATION                        
                      (Name of Issuer)



                         COMMON STOCK                          
                 (Title of Class of Securities)


                         297659-10-4                           
                        (CUSIP Number)



Check the following box if a fee is being paid with this
statement:
                                                               
1)  Names of Reporting Persons S.S. or I.R.S. Identification
    Nos. of Above Persons

    Floyd D. Gottwald, Jr.                                     

2)  Check the appropriate Box if a Member of a Group

    (a)                                                        

    (b)       X                                                
                                                               

3)  SEC Use Only                                               
                                                               

4)  Citizenship or Place of Organization   U.S.                
                                                               

Number of       (5)  Sole Voting Power       3,609,461         
Shares Bene-                                                   
 ficially       (6)  Shared Voting Power     5,355,698         
Owned by                                                       
Each Repor-     (7)  Sole Dispositive Power  3,609,461         
 ting Person                                                   
With            (8)  Shared Dispositive Power  5,355,698       
                                                               

9)  Aggregate Amount Beneficially Owned by Each Reporting Person
                       8,965,159                               
_______________________________________________________________   
                                                           
10)  Check if the Aggregate Amount in Row (9) Excludes Certain
     Shares          362,755 shares held by foundation,        
                   1,588,883 shares owned by adult sons         

11)  Percent of Class Represented by Amount in Row (9)   7.57% 
                                                               

12)  Type of Reporting Person      IN                          
                                                               
<PAGE>

               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549

                          SCHEDULE 13G

            Under the Securities Exchange Act of 1934

                       (Amendment No. 15)



                      ETHYL CORPORATION                        
                      (Name of Issuer)



                         COMMON STOCK                          
                 (Title of Class of Securities)


                         297659-10-4                           
                        (CUSIP Number)


Check the following box if a fee is being paid with this
statement:
                                                               
1)  Names of Reporting Persons S.S. or I.R.S. Identification
    Nos. of Above Persons

      Bruce C. Gottwald                                        

2)  Check the appropriate Box if a Member of a Group

    (a)                                                        

    (b)       X                                                
                                                               

3)  SEC Use Only                                               
                                                               

4)  Citizenship or Place of Organization   U.S.                
                                                               

Number of       (5)  Sole Voting Power      8,228,576          
Shares Bene-                                                   
 ficially       (6)  Shared Voting Power       88,512          
Owned by                                                       
Each Repor-     (7)  Sole Dispositive Power 8,228,576          
 ting Person                                                   
With            (8)  Shared Dispositive Power   88,512         
                                                               

9)  Aggregate Amount Beneficially Owned by Each Reporting Person
                   8,317,088                                   
                                                               

10)  Check if the Aggregate Amount in Row (9) Excludes Certain
     Shares    362,755 shares held by foundation,              
             1,853,519 shares owned by adult sons              

11)  Percent of Class Represented by Amount in Row (9)   7.02% 
                                                               

12)  Type of Reporting Person      IN                          
                                                               
<PAGE>
Item 1(a)      Name of Issuer: 

               ETHYL CORPORATION

Item 1(b)      Address of Issuer's Principal Executive Offices:

               330 South Fourth Street, Richmond, Virginia 23219

Item 2(a)      Name of Person Filing: 

               Floyd D. Gottwald, Jr. and B. C. Gottwald

Item 2(b)      Address of Principal Business Office or, if None,
               Residence: 

               330 South Fourth Street, Richmond, Virginia  23219

Item 2(c)      Citizenship: 

               U.S.

Item 2(d)      Title of Class of Securities:

               Common Stock

Item 2(e)      CUSIP Number: 

                      297659-10-4          

Item 3         If these statements are filed pursuant to Rules
               13-1(b) or 13d-2(b): 

               Not applicable

Item 4         Ownership

               (a)  Amount Beneficially Owned*:  21,087,404
                    shares

               (b)  Percent of Class:  17.80%

               (c)  Number of shares as to which such person has:


                         (i)  sole power to vote or to direct the
                              vote -      12,200,792        (1)

                        (ii)  shared power to vote or to direct  
                              the vote -    8,886,612       (2)

                       (iii)  sole power to dispose of or to
                              direct the disposition of -         
                                           12,200,792       (1)

                        (iv)  shared power to dispose of or to  
                              direct the disposition of -         
                                            8,886,612       (2) 


*The filing of this statement shall not be construed as an
admission that for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, Floyd D. Gottwald, Jr. or B. C.
Gottwald are the beneficial owners of 6,372,202 shares described
in Items 4(c)(i) and (iii) or the shares described in Items
4(c)(ii) and (iv).  See Item 6 below. 
     (1)  This amount includes 362,755 shares owned by a
          charitable foundation for which the Gottwalds serve as
          the sole directors, 3,186,101 shares held by Floyd D.
          Gottwald, Jr. as trustee of a trust of which B. C.
          Gottwald's family is beneficiary, and 3,186,101 shares
          held by B. C. Gottwald as trustee of a trust of which
          Floyd D. Gottwald's family is beneficiary.  B. C.
          Gottwald and Floyd D. Gottwald disclaim any beneficial
          interest in any shares held in the foundation or either
          trust.
     (2)  Includes 1,588,883 shares owned by the adult sons of
          Floyd D. Gottwald, Jr. and 1,853,519 shares owned by
          the adult sons of B. C. Gottwald who do not reside in
          their father's home.  It does not include 7,914,276
          shares owned of record by NationsBank of Virginia,
          N.A., Richmond, Virginia, as Trustee under Ethyl
          Corporation's savings plan for its employees that are
          held for the benefit of employees other than the
          Gottwalds.  Shares held by the Trustee under this plan
          for the benefit of the Gottwalds are included in Items
          (4)(c)(i) and (iii) above.  Shares held under the
          savings plan are voted by the Trustee in accordance
          with instructions solicited from employees
          participating in the plans.  If a participating
          employee does not give the Trustee voting instructions,
          his shares are voted by the Trustee in accordance with
          management's recommendations to the stockholders. 
          Because the Gottwalds are executive officers, directors
          and the largest stockholders of Ethyl Corporation, they
          may be deemed to be control persons of Ethyl
          Corporation and to have the capacity to control any
          such recommendation of management.
Item 5    Ownership of Five Percent or Less of a Class: 
          Not applicable
Item 6    Ownership of More than Five Percent on Behalf of
          Another Person: 

          Other persons have the right to receive or the power to
          direct the receipt of dividends from, or the proceeds
          from the sale of, 4,069,672 of the shares described in
          Items 4(c)(ii) and (iv).  However, none of such
          persons' individual interest relates to more than 5
          percent of the class of securities for which this Form
          is filed. 
Item 7    Identification and Classification of the Subsidiary
          Which Acquired the Security Being Reported on by the
          Parent Holding Company: 

          Not applicable
Item 8    Identification and Classification of Members of the
          Group: 

          Floyd D. Gottwald, Jr. and B. C. Gottwald are brothers. 
          This form is being filed on behalf of Floyd D.Gottwald,
          Jr. and B. C. Gottwald because they could be deemed to 
          be a group for purposes of Rule 13d-1(c) and
          this form even though there is no agreement among them
          with respect to the purchase, sale or retention of
          Ethyl Common Stock. 
Item 9    Notice of Dissolution of Group: 
          Not Applicable
Item 10   Certification: 
          Not Applicable
Signature
     After reasonable inquiry and to the best of our knowledge
and belief, the undersigned certify that the information set
forth in this statement is true, complete and correct. 

Dated:  February __, 1994



                                                                 
                                        Bruce C. Gottwald



                                                                 
                                        Floyd D. Gottwald, Jr.









RI-CS
T:\ACG\Ethyl\Form13G.93
2/2/94


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