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 *
GENDELL JEFFREY L ET AL
  2. Issuer Name and Ticker or Trading Symbol
INNOSPEC INC. [IOSP]
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)
55 RAILROAD AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2010
(Street)

GREENWICH, CT 06830
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 Stock, par value $.01 per share 03/08/2010   S   27,435 (2) D (2) $ 11.0957 4,800,910 (2) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/08/2010   S   2,946 (2) D (2) $ 11.0957 4,797,964 (2) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/08/2010   S   601 (2) D (2) $ 11.0957 4,797,363 (2) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/09/2010   S   12,324 (3) D (3) $ 10.9356 4,785,039 (3) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/09/2010   S   1,323 (3) D (3) $ 10.9356 4,783,716 (3) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/09/2010   S   270 (3) D (3) $ 10.9356 4,783,446 (3) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/10/2010   S   3,106 (4) D (4) $ 10.9329 4,780,340 (4) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/10/2010   S   334 (4) D (4) $ 10.9329 4,780,006 (4) I See Footnotes (1) (5) (6) (7) (8)
Common Stock, par value $.01 per share 03/10/2010   S   68 (4) D (4) $ 10.9329 4,779,938 (4) I See Footnotes (1) (5) (6) (7) (8)

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GENDELL JEFFREY L ET AL
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
TONTINE CAPITAL PARTNERS L P
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
TONTINE CAPITAL MANAGEMENT LLC
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
Tontine Capital Overseas Master Fund, L.P.
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
Tontine Capital Overseas GP, LLC
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
Tontine 25 Overseas Master Fund, L.P.
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
TONTINE CAPITAL OVERSEAS MASTER FUND II, L.P.
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    
TONTINE ASSET ASSOCIATES, L.L.C.
55 RAILROAD AVENUE
GREENWICH, CT 06830
    X    

Signatures

 Tontine Capital Partners, L.P., By: its General Partner, Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine Capital Overseas Master Fund, L.P. By: its General Partner, Tontine Capital Overseas GP, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine Capital Overseas GP, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine 25 Overseas Master Fund, L.P., By: its General Partner, Tontine Capital Management, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine Capital Overseas Master Fund II, L.P. By: its General Partner, Tontine Asset Associates, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 Tontine Asset Associates, L.L.C., By: its Managing Member, /s/ Jeffrey L. Gendell   03/10/2010
**Signature of Reporting Person Date

 /s/ Jeffrey L. Gendell   03/10/2010
**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) This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited partnership ("TMF"), Tontine 25 Overseas Master Fund, L.P., a Cayman Islands limited partnership ("T25"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA") and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP and T25; (b) TCO, the general partner of TMF; and (c) TAA, the general partner of TCP 2.
(2) On March 8, 2010, TCP sold 27,435 shares of Common Stock at a price of $11.0957 per share, TMF sold 2,946 shares of Common Stock at a price of $11.0957 per share, and T25 sold 601 shares of Common Stock at a price of $11.0957 per share.
(3) On March 9, 2010, TCP sold 12,324 shares of Common Stock at a price of $10.9356 per share, TMF sold 1,323 shares of Common Stock at a price of $10.9356 per share, and T25 sold 270 shares of Common Stock at a price of $10.9356 per share.
(4) On March 10, 2010, TCP sold 3,106 shares of Common Stock at a price of $10.9329 per share, TMF sold 334 shares of Common Stock at a price of $10.9329 per share, and T25 sold 68 shares of Common Stock at a price of $10.9329 per share.
(5) Mr. Gendell, TCM, TCO, and TAA directly own 0 shares of Common Stock, TCP directly owns 4,159,798 shares of Common Stock, TMF directly owns 446,726 shares of Common Stock, T25 directly owns 91,052 shares of Common Stock and TCP 2 directly owns 82,362 shares of Common Stock.
(6) All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP and T25 may be deemed to be beneficially owned by TCM. The foregoing securities held by TMF may be deemed to be beneficially owned by TCO. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
(7) Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TCO, TMF, T25, TCP 2 and TAA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or T25 or representing TCM's or T25's pro rata interest in, and interest in the profits of, TCP. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO or representing TCO's pro rata interest in, and interest in the profits of, TMF.
(8) TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2.

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