FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Belgrave Investment Holdings Ltd
2. Issuer Name and Ticker or Trading Symbol

QUIXOTE CORP [ QUIX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

13 CHELSEA EMBANKMENT
3. Date of Earliest Transaction (MM/DD/YYYY)

8/20/2009
(Street)

LONDON, X0 SW3 4LA
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/20/2009     S    459126   D $2.0706   (1) 1647973   (2) D   (2)  
Common Stock   8/21/2009     S    329674   D $2.0221   (1) 1318299   (2) D   (2)  
Common Stock   8/24/2009     S    556049   D $1.9401   (1) 762250   (2) D   (2)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents an average sale price, provided that such average price for the sales reported for 08/24/2009 include sales that were effected after the reporting persons ceased to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder) of greater than 10% of the issued and outstanding Shares (as defined below). For clarification purposes, no Shares were sold by the reporting persons at a price greater than $2.10.
( 2)  These Shares are owned directly by Belgrave Investment Holdings Limited ("Belgrave"), a United Kingdom company, and indirectly by Leslie Welch Lawson ("Ms. Lawson"), a Director of Belgrave and 100% owner of the stock of Belgrave. "Shares" are shares of the Issuer's common stock, par value $0.01-2/3 per share. Each of Belgrave and Ms. Lawson disclaim beneficial ownership of these Shares except to the extent of their pecuniary interest in these Shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Belgrave Investment Holdings Ltd
13 CHELSEA EMBANKMENT
LONDON, X0 SW3 4LA

X

lawson leslie welch
13 CHELSEA EMBANKMENT
LONDON, X0 SW3 4LA

X


Signatures
/s/ Leslie Welch Lawson, Director, Belgrave Investment Holdings Limited 8/27/2009
** Signature of Reporting Person Date

/s/ Leslie Welch Lawson 8/27/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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