SEC Form 4 · accession 0001209191-16-101956
GOODYEAR TIRE & RUBBER CO /OH/ · GT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kellam
Officer — Sr VP Global Sales & Marketing
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000042582
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 22, 2016 | A | 16,722 | A | — | — | Common Stock | 16,722 | 16,722 | D |
| 2013 Plan Performance SharesF3 | — | Feb 22, 2016 | A | 6,856 | A | — | — | Common Stock | 6,856 | 6,856 | D |
| 2013 Plan OptionF4,F5 | $29.90 | Feb 22, 2016 | A | 25,796 | A | — | Feb 22, 2026 | Common Stock | 25,796 | 25,796 | D |
Explanation of responses
- F1Restricted Stock Units, each equivalent to a share of common stock, granted under the 2013 Performance Plan.
- F2The Restricted Stock Units vest 100% 5 years from the date of grant.
- F3Performance Share Unit grant under the 2013 Performance Plan, contingently payable (to the extent earned) 100% in shares of common stock in February 2019. The number of Units paid, which can range from 0% to 200% of the Units reported on this Form 4, depends on the attainment of certain performance targets over a 3-year period ending December 31, 2018, and is subject to further increase or decrease of up to 20% based on the Company's total shareholder return vs. the S&P 500 over the 3-year period ending December 31, 2018.
- F4Non-Qualified Stock Option in respect of shares of common stock granted under the 2013 Performance Plan.
- F5The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant.