SEC Form 4 · accession 0001209191-16-154992
Owens Corning · OC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Thaman
Officer — Chairman, President and CEO · Director
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 6:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001370946
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $.01 Par Value Common | Dec 5, 2016 | G | 43,615 | $0.00 | D | 693,651 | D | |
| $.01 Par Value Common | Dec 9, 2016 | M | 104,310 | $13.89 | A | 797,961 | D | |
| $.01 Par Value CommonF1 | Dec 9, 2016 | S | 104,310 | $55.87 | D | 693,651 | D | |
| $.01 Par Value Common | Dec 12, 2016 | M | 90,913 | $13.89 | A | 784,564 | D | |
| $.01 Par Value CommonF2 | Dec 12, 2016 | S | 90,913 | $55.14 | D | 693,651 | D | |
| $.01 Par Value Common | Dec 13, 2016 | M | 31,177 | $13.89 | A | 724,828 | D | |
| $.01 Par Value CommonF3 | Dec 13, 2016 | S | 31,177 | $55.30 | D | 693,651 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to purchase) | $13.89 | Dec 9, 2016 | M | 104,310 | D | Feb 4, 2013 | Feb 4, 2019 | $.01 Par Value Common | 104,310 | 122,090 | D |
| Option (right to purchase) | $13.89 | Dec 12, 2016 | M | 90,913 | D | Feb 4, 2013 | Feb 4, 2019 | $.01 Par Value Common | 90,913 | 31,177 | D |
| Option (right to purchase) | $13.89 | Dec 13, 2016 | M | 31,177 | D | Feb 4, 2013 | Feb 4, 2019 | $.01 Par Value Common | 31,177 | 0 | D |
Explanation of responses
- F1The $55.87 price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.49-$56.11, inclusive. The Reporting Person undertakes to provide to Owens Corning, any security holder of Owens Corning, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The $55.14 price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.82-$55.68, inclusive. The Reporting Person undertakes to provide to Owens Corning, any security holder of Owens Corning, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The $55.30 price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $55.03-$55.64, inclusive. The Reporting Person undertakes to provide to Owens Corning, any security holder of Owens Corning, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.