ETHYL CORP
SC 13D/A, 2000-02-14
INDUSTRIAL ORGANIC CHEMICALS
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<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549

                                 -------------

                                 SCHEDULE 13G
                                (Rule 13d-102)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                           PURSUANT TO RULE 13d-2(b)
                              (Amendment No. 21)1



                               ETHYL CORPORATION
                               -----------------
                               (Name of Issuer)

                                 COMMON STOCK
                                 ------------
                        (Title of class of securities)

                                  297659-10-4
                                  -----------
                                (CUSIP NUMBER)




     Check the following box to designate the rule pursuant to which this
                              Schedule is filed:

                               [_] Rule 13d-1(b)
                               [_] Rule 13d-1(c)
                               [X] Rule 13d-1(d)




- - --------------------
     1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 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).
<PAGE>

  CUSIP NO.  297659-10-4              13G                    Page 2 of 8 Pages
- - ------------------------------------------------------------------------------
      NAME OF REPORTING PERSONS
 1    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

      Floyd D. Gottwald, Jr. - ###-##-####

- - ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [X]

- - ------------------------------------------------------------------------------
      SEC USE ONLY
 3


- - ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION*
 4
      U.S.

- - ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF            4,754,634

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          1,402,856
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING             4,754,634

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          1,402,856
- - ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      6,157,490
- - ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
                                                                    [X]
      316,755 shares held by foundation; 4,297,927 shares owned by adult sons
- - ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      7.38%

- - ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IN

- - ------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 2 of 8 Pages

<PAGE>

  CUSIP NO.  297659 10 4              13G                    Page 3 of 8 Pages
- - ------------------------------------------------------------------------------
      NAME OF REPORTING PERSONS
 1    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

      Bruce C. Gonwald - ###-##-####

- - ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [X]

- - ------------------------------------------------------------------------------
      SEC USE ONLY
 3


- - ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION*
 4
      U.S.

- - ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF            4,952,620

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          620,985
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING             4,952,620

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          620,985
- - ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      5,573,605
- - ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
                                                                    [X]
      316,755 shares held by foundation; 4,783,038 shares owned by adult sons
- - ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      6.68%

- - ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IN

- - ------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 3 of 8 Pages


<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 Persons Filing:
                  ----------------------

                  Floyd D. Gottwald, Jr. and Bruce 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 13d-1(b) or
                  -----------------------------------------------------------
                  13d-2(b) or (c):
                  ----------------

                  Not applicable

Item 4            Ownership
                  ---------

                  (a) Amount Beneficially Owned*:       12,047,850 shares
                                                 -------------------------------

                  (b) Percent of Class:                 14.43%
                                       -----------------------------------------

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

                      (i)    sole power to vote or to direct the vote -
                             10,024,009 (1)
                             ---------------------------------------

                      (ii)   shared power to vote or to direct the vote -
                             2,023,841 (2)
                             ----------------------------------------

                      (iii)  sole power to dispose of or to direct the
                             disposition of - 10,024,009 (1)
                                              -----------------------

                               Page 4 of 8 Pages
<PAGE>

                      (iv)   shared power to dispose of or to direct the
                             disposition of -              2,023,841 (2)
                                                ------------------------

     * This amount does not include an aggregate of 4,297,927 shares
beneficially owned by the adult sons of Floyd D. Gottwald, Jr. and an aggregate
of 4,783,038 shares beneficially owned by the adult sons of Bruce C. Gottwald.
Floyd D. Gottwald, Jr., Bruce C. Gottwald and their adult sons own an aggregate
of 21,128,815 shares, which constitute 25.29% of the outstanding shares. Floyd
D. Gottwald, Jr., Bruce C. Gottwald and their adult sons have no agreement with
respect to the acquisition, retention, disposition or voting of Ethyl Common
Stock. 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, as amended (the "Exchange Act"), Floyd D. Gottwald, Jr. or Bruce C.
Gottwald are the beneficial owners of 316,755 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 316,755 shares owned by a charitable foundation
          for which members of the Gottwald family serve as the sole directors.
          Floyd D. Gottwald, Jr. and Bruce C. Gottwald disclaim any beneficial
          interest in any shares held in the foundation.

     (2)  This amount does not include shares owned of record by Merrill Lynch,
          Pierce, Fenner & Smith Incorporated, as Trustee under Ethyl
          Corporation's savings plan for its employees that are held for the
          benefit of employees other than Floyd D. Gottwald, Jr. and Bruce C.
          Gottwald. Shares held by the Trustee under this plan for the benefit
          of Floyd D. Gottwald, Jr. and Bruce C. Gottwald are included in Items
          (4)(c)(i) and (iii) above. Shares held under the savings plan are
          voted by the

                               Page 5 of 8 Pages
<PAGE>

          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 shareholders.
          Because Bruce C. Gottwald is an executive officer and director of
          Ethyl Corporation and members of the Gottwald family are the largest
          shareholders 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, all
          2,023,841 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 Bruce C. Gottwald are brothers. This form
          is being filed on behalf of Floyd D. Gottwald, Jr. and Bruce C.
          Gottwald because they could be deemed to be a group for purposes of
          Section 13(d)(3) of the Exchange

                               Page 6 of 8 Pages
<PAGE>

          Act and this form even though there is no agreement among them with
          respect to the acquisition, retention, disposition or voting of Ethyl
          Common Stock.

Item 9    Notice of Dissolution of Group:
          ------------------------------

          Not Applicable

Item 10   Certifications:
          --------------

          Not Applicable

                               Page 7 of 8 Pages
<PAGE>

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  14, 2000


                                        /s/ Floyd D. Gottwald, Jr.
                                       -----------------------------------------
                                       Floyd D. Gottwald, Jr.


                                        /s/ Bruce C. Gottwald
                                       -----------------------------------------
                                       Bruce C. Gottwald


                               Page 8 of 8 Pages


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