SEC Form 4 · accession 0001209191-16-101960
GOODYEAR TIRE & RUBBER CO /OH/ · GT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Kramer
Officer — Chairman of the Bd, CEO & Pres · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 4:55 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 Plan Performance SharesF1 | — | Feb 22, 2016 | A | 68,896 | A | — | — | Common Stock | 68,896 | 68,896 | D |
| 2013 Plan OptionF2,F3 | $29.90 | Feb 22, 2016 | A | 259,228 | A | — | Feb 22, 2026 | Common Stock | 259,228 | 259,228 | D |
Explanation of responses
- F1Performance 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.
- F2Non-Qualified Stock Option in respect of shares of common stock granted under the 2013 Performance Plan.
- F3The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant.