SEC Form 4 · accession 0001543047-16-000029
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
Jul 29, 2016
Accepted (ET)
Aug 2, 2016 · 5:23 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 | Jul 29, 2016 | M | 100,161 | $30.00 | A | 835,189 | D | |
| $.01 Par Value CommonF1,F2 | Jul 29, 2016 | S | 100,161 | $53.13 | D | 735,028 | D | |
| $.01 Par Value Common | Aug 1, 2016 | M | 49,839 | $30.00 | A | 784,867 | D | |
| $.01 Par Value CommonF1,F3 | Aug 1, 2016 | S | 49,839 | $53.30 | D | 735,028 | 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) | $30.00 | Jul 29, 2016 | M | 100,161 | D | Oct 30, 2009 | Oct 30, 2016 | $.01 Par Value Common | 100,161 | 49,839 | D |
| Option (right to purchase)F3 | $30.00 | Aug 1, 2016 | M | 49,839 | D | Oct 30, 2009 | Oct 30, 2016 | $.01 Par Value Common | 49,839 | 0 | D |
Explanation of responses
- F1The shares sold on July 29 and August 1, 2016 were acquired through the exercise of options granted on October 30, 2006 with an expiration date of October 30, 2016.
- F2The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.35, 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 price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.64, 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.