UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Hodge, Joe E.
29400 Lakeland Boulevard
Wickliffe, OH 44092
2. Issuer Name and Ticker or Trading Symbol
The Lubrizol Corporation
LZ
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
04/30/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Shares |4/13/9|M | |2,000 |A |$21.5313 | | | |
|9 | | | | | | | | |
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Common Shares |4/13/9|F | |1,600 |D |$22.7813 |2,400 (1) |D | |
|9 | | | | | | | | |
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Common Shares | | | | | | |612.2865 (2) |I |Trust |
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Common Shares | | | | | | |4,861.4045 (3) |I |Trust |
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Phantom Stock Units (4) | | | | | | |4,558.6700 |D | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$21.5313|4/13/|M | |2,000 |D |Curre|6/19/|Common Share|2,000 | |0 |D | |
(Right to Buy) | |99 | | | | |nt |99 |s | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Includes a reflection of a transfer of 2,000 Common Shares previous held
through a trust to direct ownership.
(2) Reflects acquisitions pursuant to a dividend reinvestment plan exempt
under Rule 16a-11 and reflects a transfer of 2,000 Common Shares to direct
ownership.
(3) Reflects end-of-period holdings resulting from acquisitions pursuant to a
qualified plan, which are exempt under Rule 16b-3(c).
(4) Phantom Stock Units are payable in Common Shares on a 1-for-1 basis three
years after issuance.
SIGNATURE OF REPORTING PERSON
/s/ J. E. Hodge by Leslie M. Reynolds
DATE
May 7, 1999
