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 *
EDWARDS D ANDREW
   2. Issuer Name and Ticker or Trading Symbol
TREDEGAR CORP [TG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, CFO and Treasurer
(Last)
(First)
(Middle)
TREDEGAR CORPORATION, 1100 BOULDERS PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
11/22/2006
(Street)

RICHMOND, VA 23225		 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
Tredegar Common Stock 11/22/2006   M   5,600 A $ 16.55 13,600 D  
Tredegar Common Stock 11/22/2006   S   463 D $ 19.98 13,137 D  
Tredegar Common Stock 11/22/2006   S   500 D $ 19.97 12,637 D  
Tredegar Common Stock 11/22/2006   S   200 D $ 19.96 12,437 D  
Tredegar Common Stock 11/22/2006   S   4,437 D $ 19.95 8,000 D  
Tredegar Common Stock 11/24/2006   M   4,545 A $ 16.55 12,545 D  
Tredegar Common Stock 11/24/2006   S   4,545 D $ 19.95 8,000 D  
Tredegar Common Stock               9,164 (1) I 401(k) Plan

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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
Stock Option (right to buy) $ 16.55 11/22/2006   M     5,600 05/19/1998 05/19/2007 Common Stock 5,600 $ 0 71,400 D  
Stock Option (right to buy) $ 16.55 11/24/2006   M     4,545 05/19/1998 05/19/2007 Common Stock 4,545 $ 0 66,855 (2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
EDWARDS D ANDREW
TREDEGAR CORPORATION
1100 BOULDERS PARKWAY
RICHMOND, VA 23225		       VP, CFO and Treasurer  

Signatures

 Patricia A. Thomas, Attorney-In-Fact   11/27/2006
**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) Equivalent shares as reported by the Tredegar Corporation Retirement Savings Plan (the "Savings Plan") trustee. The Savings Plan maintains its records through unit accounting and not share accounting. Therefore, the number of equivalent shares can fluctuate up or down depending upon the unit value within the trust solely as a result of a change in the fair market value of Tredegar stock even if the employee takes no action in the Savings Plan. The amount reported includes units acquired in exempt transactions under Rule 16b-3 pursuant to the Savings Plan during the period from March 8, 2006 through November 24, 2006.
(2) Total number includes stock options with varying exercisable dates, expiration dates and conversion prices.

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