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foe13d.txt



SCHEDULE 13D   Under the Securities Exchange Act of 1934
(Amendment No.2)



(Name of Issuer) 		 Ferro Corporation

(Title of Class of Securities)	 Common Stock

(CUSIP Number)		         315405100


(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

                        Paul J. Isaac
			75 Prospect Avenue
			Larchmont, New York 10538
		        (212) 650-4670

(Date of Event which Requires Filing of this Statement)

                        November 02, 2009

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of
this Schedule 13D, and is filing this schedule because of
Section 240.13d-l(e), 240.13d-l(t) or 240.13d-1(g), check the
following box.

Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all
exhibits. See Section 240.13d- 7 for other parties to whom
copies are to be sent.

The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be  filed  for the purpose of Section 18
of the Securities Exchange Act of 1934 (  Act ) or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).

Persons who respond to the collection of Information contained
in this form are not required to respond unless the form
displays a currently valid 0MB control number.
SEC 1746 (03-00)


CUSIP No. 315405100

1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

            Arbiter Partners, LP  (manager, Paul J. Isaac)


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only

4.	Source of Funds (See Instructions)

        PF, OO

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

        No

6.	 Citizenship or Place of Organization

	 Delaware


	7.	Sole Voting Power

                3,584,739


	8.	Shared Voting Power

                NA


	9.	Sole Dispositive power

		3,584,739

	10.	Shared Dispositive Power

      		NA

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

        3,584,739

12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

	4.4% Arbiter Partners, L.P.

14.	Type of Reporting Person (see instructions)

        PN


CUSIP No. 315405100


1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

               Isaac Brothers, LLC  (manager, Paul J. Isaac)


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only


4.	Source of Funds (See Instructions)

        PF

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

        No

6.	 Citizenship or Place of Organization

	 Delaware


	7.	Sole Voting Power

                NA

	8.	Shared Voting Power

                 634,872



	9.	Sole Dispositive power

		NA

	10.	Shared Dispositive Power

      		634,872

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

        634,872

12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

        0.8% Isaac Brothers, LLC

14.	Type of Reporting Person (see instructions)

        OO


CUSIP No. 315405100


1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

       Marjorie S. Isaac Grandchildren Trust  (manager, Paul J. Isaac)


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only


4.	Source of Funds (See Instructions)

        OO

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

         No

6.	 Citizenship or Place of Organization

	 New York


	7.	Sole Voting Power

                NA

	8.	Shared Voting Power

                340,649



	9.	Sole Dispositive power

		NA

	10.	Shared Dispositive Power

      		340,649

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

         340,649

12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

        0.4%  Marjorie S. Isaac Grandchildren Trust

14.	Type of Reporting Person (see instructions)

        OO

CUSIP No. 315405100


1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

         Marjorie S. Isaac


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only


4.	Source of Funds (See Instructions)

        OO

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

        No

6.	 Citizenship or Place of Organization

	 New York


	7.	Sole Voting Power

                NA

	8.	Shared Voting Power

                240,000


	9.	Sole Dispositive power

		NA

	10.	Shared Dispositive Power

      		240,000

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

        240,000


12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

        0.3%  Marjorie S. Isaac

14.	Type of Reporting Person (see instructions)

        IN

CUSIP No. 315405100


1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

         Paul J. Isaac custodian for Abigail E. Isaac


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only


4.	Source of Funds (See Instructions)

        OO

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

        No

6.	 Citizenship or Place of Organization

	 New York


	7.	Sole Voting Power

                NA

	8.	Shared Voting Power

                15,000


	9.	Sole Dispositive power

		NA

	10.	Shared Dispositive Power

      		15,000

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

        15,000


12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

        0.02%  Paul J. Isaac custodian for Abigail E. Isaac

14.	Type of Reporting Person (see instructions)

        IN


1.	      Names of Reporting Persons.   I.R.S. Identification Nos.
of above persons (entities only)

         Paul J. Isaac custodian for Johanna H. Isaac


2.	Check the Appropriate Box if a Member of a Group (see
instructions)

      (a)
      (b)  X


3.	       SEC Use Only


4.	Source of Funds (See Instructions)

        OO

5.	Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2 (e).

        No

6.	 Citizenship or Place of Organization

	 New York


	7.	Sole Voting Power

                NA

	8.	Shared Voting Power

                15,000


	9.	Sole Dispositive power

		NA

	10.	Shared Dispositive Power

      		15,000

11.	Aggregate Amount Beneficially Owned by Each Reporting
Person

        15,000


12.	Check if the Aggregate Amount in Row (11) Excludes
Certain Shares    (see instructions)

	NA

13.	Percent of Class Represented by Amount in Row (11)

        0.02%  Paul J. Isaac custodian for Johanna H. Isaac

14.	Type of Reporting Person (see instructions)

        IN


Item 1. Security and Issuer


        Common Stock
	Ferro Corporation
        1000 Lakeside Avenue
        Cleveland, OH 44114-7000


Item 2. Identity and Background

 (a) Name

     Arbiter Partners, L.P.
     Isaac Brothers, LLC
     Marjorie S. Isaac Grandchildren Trust
     Marjorie S. Isaac
     Paul J. Isaac custodian for Abigail E. Isaac
     Paul J. Isaac custodian for Johanna H. Isaac


 (b) Residence or business address


        Arbiter Partners, L.P.
	149 Fifth Avenue, 15th Floor
	New York, New York  10010

	Paul J. Isaac - manager


        Isaac Brothers, LLC
        75 Prospect Avenue
        Larchmont, New York 10538

	Paul J. Isaac - manager
        Daniel H. Isaac - member
        Frederick J. Isaac - member


	Marjorie S. Isaac Grandchildren's Trust
	75 Prospect Avenue
	Larchmont, New York 10538

	Paul J. Isaac- manager
	Abigail E. Isaac - grandchild
	Johanna H. Isaac - grandchild
	Samuel F. Isaac  - grandchild
	Benjamin J. Isaac - grandchild

	Marjorie S. Isaac
	55 Grasslands Road D 259
        Valhalla, NY 10595


        Paul J. Isaac custodian for Abigail E. Isaac
        75 Prospect Avenue
	Larchmont, New York 10538

        Paul J. Isaac - manager
        Abigail E. Isaac - daughter


        Paul J. Isaac custodian for Johanna H. Isaac
        75 Prospect Avenue
	Larchmont, New York 10538

        Paul J. Isaac - manager
        Johanna H. Isaac - daughter



 (c) Present principal occupation or employment and the name,
principal business and address of any corporation or
other organization in which such employment is conducted;


        Please see section (b)


 (d) Whether or not, during the last five years, such person has
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) and, if so, give the dates,
nature of conviction, name and location of court, and penalty
imposed, or other disposition of the case;

        None

 (e) Whether or not, during the last five years, such person was
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws; and, if
so, identify and describe such proceedings and summarize the
terms of such judgment; decree or final order; and

        None

(f) Citizenship.

        United States


Item 3. Source and Amount of Funds or Other Consideration

Purchases for Arbiter Partners, L.P., a securities investment
partnership, were made with cash for partnership investment.


Purchases for Isaac Brothers, LLC were made with cash for
personal investment.


Purchases for Marjorie S. Isaac Grandchildren's Trust were made with
cash for personal investment

Purchases for Marjorie S. Isaac were made with cash for personal
investment

Purchases for Paul J. Isaac custodian for Abigail E. Isaac
were made with cash for personal investment


Purchases for Paul J. Isaac custodian for Johanna H. Isaac
were made with cash for personal investment


Item 4. Purpose of Transaction

The purchase of 3,584,739 common shares of Ferro Corporation
by Arbiter Partners, LP was made for investment
purposes.


The purchase of 634,872 common shares of Ferro Corporation by
Isaac Brothers, LLC was made for investment purposes.


The purchase of 340,649 common shares of Ferro Corporation by
Marjorie S. Isaac Grandchildren's Trust was made for investment
purposes.


The purchase of 240,000 common shares of Ferro Corporation by
Marjorie S. Isaac was made for investment purposes.


The purchase of 15,000 common shares of Ferro Corporation by
Paul J. Isaac custodian for Abigail E. Isaac  was made for
investment purposes.


The purchase of 15,000 common shares of Ferro Corporation by
Paul J. Isaac custodian for Johanna H. Isaac  was made for
investment purposes.


Item 5. Interest in Securities of the Issuer


(a) State the aggregate number and percentage of the class of
securities identified pursuant to Item I (which may be based on
the number of securities outstanding as contained in the most
recently available filing with the Commission by the issuer
unless the filing person has reason to believe such information
is not current) beneficially owned (identifying those shares
which there is a right to acquire) by each person named in Item
2. The above mentioned information should also be furnished with
respect to persons who, together with any of the persons named
in Item 2, comprise a group within the meaning of Section
13(d)(3) of the Act;


Arbiter Partners, L.P. holds 3,584,739 common shares of
Ferro Corporation, or 4.4%.

Isaac Brothers, LLC holds 634,872 common shares of Ferro Corporation,
or 0.8%.

Marjorie S. Isaac Grandchildren's Trust holds 340,649 common shares
of Ferro Corporation or 0.4%


Marjorie S. Isaac holds 240,000 common shares of
Ferro Corporation or 0.3%


Paul J. Isaac custodian for Abigail E. Isaac holds 15,000 common shares
of Ferro Corporation, or 0.02%.

Paul J. Isaac custodian for Johanna H. Isaac holds 15,000 common shares
of Ferro Corporation, or 0.02%.


(b) For each person named in response to paragraph (a), indicate
the number of shares as to which there is sole power to vote or
to direct the vote, shared power to vote or to direct the vote,
sole power to dispose or to direct the disposition, or shared
power to dispose or to direct the disposition. Provide the
applicable information required by Item 2 with respect to each
person with whom the power to vote or to direct the vote or to
dispose or direct the disposition is shared;


Arbiter Partners, LP, managed by Paul J. Isaac, owns 3,584,739
shares of common stock. Paul J. Isaac has sole power to vote or to
direct the vote and sole power to dispose or to direct the
disposition of all such 3,584,739 shares.


Isaac Brothers, LLC managed by Paul J. Isaac, owns 634,872
shares of common stock. Paul J. Isaac has shared power
to vote or to direct the vote and shared power to dispose or
to direct the disposition of all such 634,872 shares.


Marjorie S. Isaac Grandchildren's Trust, managed by Paul J. Isaac,
owns 340,649 shares of common stock. Paul J. Isaac has shared power
to vote or to direct the vote and shared power to dispose or to
direct the disposition of all such 340,649 shares.


Marjorie S. Isaac owns 240,000 shares of common stock. Paul J. Isaac
has shared power to vote or to direct the vote and shared power to
dispose or to direct the disposition of all such 240,000 shares.


Paul J. Isaac custodian for Abigail E. Isaac owns 15,000 shares of
common stock. Paul J. Isaac has shared power to vote or to direct the
vote and shared power to dispose or to direct the disposition of all
such 15,000 shares.


Paul J. Isaac custodian for Johanna H. Isaac owns 15,000 shares of
common stock. Paul J. Isaac has shared power to vote or to direct the
vote and shared power to dispose or to direct the disposition of all
such 15,000 shares.


(c) Describe any transactions in the class of securities
reported on that were effected during the past sixty days or
since the most recent filing of Schedule 13D (Section 240.13d-
191 ), whichever is less, by the persons named in response to
paragraph (a).

Instruction. The description of a transaction required by Item
5(c) shall include, but not necessarily be limited to: (1) the
identity of the person covered by Item 5( c ) who effected the
transaction; (2) the date of the transaction; (3) the amount of
securities involved; (4) the price per share or unit; and (5)
where and how the transaction  was effected.

	For Arbiter Partners, L.P.:


TRADE DATE      QUANTITY       UNIT COST

 11/02/09      700,000.00	 5.60





(d) If any other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to that
effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act
of 1940 or the beneficiaries of an employee benefit plan,
pension fund or endowment fund is not required.

        NA


(e) If applicable, state the date on which the reporting person
ceased to be the beneficial owner of more than five percent of
the class of securities.

NA

Instruction. For computations regarding securities which
represent a right to acquire an underlying security, see Rule
13d-3( d)( I) and the note thereto.



Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer


none



Item 7. Material to Be Filed as Exhibits

none


Signature

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.


November 05, 2009



Paul J. Isaac
Manager, Arbiter Partners, L.P. and Isaac Brothers, LLC