SEC Form 4 · accession 0001543047-16-000005
Owens Corning · OC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Chambers
Officer — President, Roofing and Asphalt
Period of report
Apr 13, 2016
Accepted (ET)
Apr 15, 2016 · 4:07 pm EDT
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 | Apr 13, 2016 | M | 3,000 | $0.00 | A | 35,635 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2 | — | Apr 13, 2016 | M | 3,000 | D | — | Apr 15, 2017 | $.01 Par Value Common | 3,000 | 0 | D |
Explanation of responses
- F1Performance rights granted on April 15, 2013. The performance measurement was met on April 13, 2016, so performance rights converted to restricted stock that will vest on April 15, 2017.
- F2Each performance right represented a contingent right to receive one share of Owens Corning common stock upon Owens Corning's common stock achieving a closing price above $50 per share.