Ownership Submission
FORM 4
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

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MILLER PEGGY GORDON
   2. Issuer Name and Ticker or Trading Symbol
LUBRIZOL CORP [LZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
29400 LAKELAND BLVD		 3. Date of Earliest Transaction (Month/Day/Year)
02/21/2007
(Street)

WICKLIFFE, OH 44092		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Shares 02/21/2007   M   2,000 A $ 37.2188 12,624.4227 (1) D  
Common Shares 02/21/2007   S   2,000 D $ 53.822 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,000 A $ 26.8438 12,624.4227 (1) D  
Common Shares 02/21/2007   S   2,000 D $ 53.7545 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,500 A $ 25.7188 13,124.4227 (1) D  
Common Shares 02/21/2007   S   2,500 D $ 53.7464 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,500 A $ 30.395 13,124.4227 (1) D  
Common Shares 02/21/2007   S   2,500 D $ 53.758 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,500 A $ 30.395 13,124.4227 (1) D  
Common Shares 02/21/2007   S   2,500 D $ 53.748 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,500 A $ 33.445 13,124.4227 (1) D  
Common Shares 02/21/2007   S   2,500 D $ 53.7316 10,624.4227 (1) D  
Common Shares 02/21/2007   M   2,500 A $ 30.68 13,124.4227 (1) D  
Common Shares 02/21/2007   S   2,500 D $ 53.73 10,624.4227 (1) D  
Common Shares 02/21/2007   M   1,875 A $ 30.175 12,499.4227 (1) D  
Common Shares 02/21/2007   S   1,875 D $ 53.8175 10,624.4227 (1) D  

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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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Director Stock Option (Right to Buy) $ 37.2188 02/21/2007   M     2,000 04/27/1998(2) 04/27/2008 Common Shares 2,000 $ 0 0 D  
Director Stock Option (Right to Buy) $ 26.8438 02/21/2007   M     2,000 04/26/1999(2) 04/26/2009 Common Shares 2,000 $ 0 0 D  
Director Stock Option (Right to Buy) $ 25.7188 02/21/2007   M     2,500 05/01/2000(2) 05/01/2010 Common Shares 2,500 $ 0 0 D  
Director Stock Option (Right to Buy) $ 30.395 02/21/2007   M     2,500 04/23/2001(2) 04/23/2011 Common Shares 2,500 $ 0 0 D  
Director Stock Option (Right to Buy) $ 30.395 02/21/2007   M     2,500 04/23/2001(2) 04/23/2011 Common Shares 2,500 $ 0 0 D  
Director Stock Option (Right to Buy) $ 33.445 02/21/2007   M     2,500 04/22/2002(2) 04/22/2012 Common Shares 2,500 $ 0 0 D  
Director Stock Option (Right to Buy) $ 30.68 02/21/2007   M     2,500 04/28/2003(2) 04/28/2013 Common Shares 2,500 $ 0 0 D  
Director Stock Option (Right to Buy) $ 30.175 02/21/2007   M     1,875 03/22/2004(2) 03/22/2014 Common Shares 1,875 $ 0 625 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MILLER PEGGY GORDON
29400 LAKELAND BLVD
WICKLIFFE, OH 44092		   X      

Signatures

 /s/Peggy Gordon Miller by Peggy A. Wyszynski   02/22/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects acquisitions pursuant to a dividend reinvestment plan exempt under Rule 16a-11.
(2) Options vest 50% one year after grant date, 75% two years after grant date and 100% three years after grant date.

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