FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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(h) of the Investment Company Act of 1940

OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response. . .0.5

Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Gottwald, William M.

2. Issuer Name and Ticker or Trading Symbol
Tredegar Corporation - TG

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                                       10% Owner
    Officer (give title below)          Other (specify below)

(Last)      (First)     (Middle)

Albemarle Corporation
330 South Fourth Street

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

(Street)

Richmond, VA 23217

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

Tredegar Common Stock

03/31/03

A

100

A

$11.95

2,728

D

Tredegar Common Stock

5,547

I

 ⁽¹⁾

Tredegar Common Stock

24,544

I

 ⁽²⁾

Tredegar Common Stock

1,303

I

 ⁽³⁾

Tredegar Common Stock

1,303

I

 ⁽⁴⁾

Tredegar Common Stock

2,940

I

 ⁽⁵⁾

Tredegar Common Stock

2,940

I

 ⁽⁶⁾

Tredegar Common Stock

2,901

I

 ⁽⁷⁾

Tredegar Common Stock

25,399

I

 ⁽⁸⁾

Tredegar Common Stock

25,399

I

 ⁽⁹⁾

Tredegar Common Stock

15,190

I

 ⁽¹⁰⁾

Tredegar Common Stock

8,571

I

 ⁽¹¹⁾

Tredegar Common Stock

4,935

I

 ⁽¹²⁾

Tredegar Common Stock

560,509

I

 ⁽¹³⁾

Tredegar Common Stock

142,365

I

 ⁽¹⁴⁾

Tredegar Common Stock

594

I

 ⁽¹⁵⁾

Tredegar Common Stock

2,100

I

 ⁽¹⁶⁾

Tredegar Common Stock

4,710

I

 ⁽¹⁷⁾

Tredegar Common Stock

594

I

 ⁽¹⁸⁾

Tredegar Common Stock

1,215

I

 ⁽¹⁹⁾

Tredegar Common Stock

2,346

I

 ⁽²⁰⁾

 ⁽²¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Instr. 3)

2. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Explanation of Responses:

(1) Owned by wife. (Reporting person disclaims beneficial ownership.)
(2) Held by me as trustee FBO Charles H. Gottwald, U/A dated 10-18-89. (Reporting person disclaims beneficial ownership.)
(3) Held by me as trustee for Sally's Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(4) Held by me as trustee for Matt's Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(5) Held by me as trustee for James' Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(6) Held by me as trustee for Sam's Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(7) Held by me as trust ee FBO James Christian Gottwald, U/A dated 10-20-87. (Reporting person disclaims beneficial ownership.)
(8) Held by me as trustee FBO Samuel Shelton Gottwald, U/A dated 12-21-87. (Reporting person disclaims beneficial ownership.)
(9) Held by me as trustee FBO James Christian Gottwald, U/A dated 12-21-87. (Reporting person disclaims beneficial ownership.)
(10) Held by me as trustee FBO Margaret Addison Gottwald, U/A dated 3-9-92. (Reporting person disclaims beneficial ownership.)
(11) Held as co-trustee for James M. Gottwald, U/A dated 12-1-81. (Reporting person disclaims beneficial ownership.)
(12) Held as co-trustee for Sarah Wren Gottwald, U/A dated 3-1-83. (Reporting person disclaims beneficial ownership.)
(13) Held as co-trustee FBO (among others) reporting person's family u/w Floyd D. Gottwald.
(14) Held by John D. Gottwald and James T. Gottwald, trustees of the William M. Gottwald Trust, U/A dated 8-16-90. (Reporting person disclaims beneficial ownership.)
(15) Held by John D. Gottwald, Trustee of Beth's Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(16) Held by John D. Gottwald, trustee FBO Elizabeth Ingrid Gottwald, U/A dated 3-28-85. (Reporting person disclaims beneficial ownership.)
(17) Held by John D. Gottwald, trustee FBO William Michael Gottwald, Jr., U/A dated 10-13-83. (Reporting person disclaims beneficial ownership.)
(18) Held by John D. Gottwald, trustee of Michael's Crummey Trust, U/A dated 1-3-89. (Reporting person disclaims beneficial ownership.)
(19) Held as co-trustee FBO Elizabeth Ingrid Gottwald, U/A dated 10-20-87. (Reporting person disclaims beneficial ownership.)
(20) Held by W. M. Gottwald, trustee of Chase's Crummey Trust (Charles H. Gottwald) U/A dated 9/5/89. (Reporting person disclaims beneficial ownership.)
(21) The reporting person no longer has a reportable beneficial interest in 504 shares owned by Jill Denise Witty or 504 shares owned by Lisa Diane Witty and included in the reporting person's prior ownership reports.

**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 Number.