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 Waibel, James J. 14643 Dallas Parkway Suite 1000 Dallas, TX 75254-8890 USA 2. Issuer Name and Ticker or Trading Symbol ElkCorp ELK 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year October 29, 2002 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) Senior Vice President - Administration 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| Common Stock, $1 par value | 10/29/|A | |986 |A | |615,~~347~~534.~~0227~~0000 |D | | per share* |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |119,~~166~~142.~~6725~~6080 |I |BYby ESOP ~~TRUSTEE~~Trustee | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| *Incentive Stock Optio|~~$27.93~~ |~~7/1/0|A~~ | |~~13,465.00~~ |A |~~7/1/0|6/30/|Common~~ ~~Stock~~|~~13,465.|$29.93~~ |~~68,331.75~~ |D | | n (Right to Buy)* | |2 | | ~~| | |3 |12 | |00 | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | |~~ ___________________________________________________________________________________________________________________________________|

Explanation of Responses: *Granted under the 1998 Amended and Restated Elcor Corporation Incentive Stock Option Plan. SIGNATURE OF REPORTING PERSON /s/ James J. Waibel DATE October 31, 2002

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