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DANA Inc Director's Dealing 2006

Jan 6, 2006

31487_dirs_2006-01-06_2dced415-acce-4c25-bb94-cd4a0fd47a07.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DANA CORP (DCN)
CIK: 0000026780
Period of Report: 2005-12-30

Reporting Person: DeBacker Michael L (VP, GC and Secretary)

Holdings (Non-Derivative)

Security Shares Ownership
Common 33678. Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option/Tandem Tax Withholding Right $23.0625 2010-07-16 Common (15000.) Direct
Option/Tandem tax withholding right $25.05 2011-07-15 Common (36000.) Direct
Option/Tandem tax withholding right $15.33 2012-07-15 Common (36000.) Direct
Option/Tandem tax withholding right $8.34 2013-04-20 Common (36000.) Direct
Option/Tandem tax withholding right $22.43 2014-02-08 Common (22000.) Direct
Option $15.94 2015-02-13 Common (60662.) Direct
Option/Tandem Tax Withholding right $28.125 2006-07-14 Common (7500.) Direct
Option/Tandem Tax Withholding Right $38.4375 2007-07-20 Common (12000.) Direct
Option/Tandem Tax Withholding Right $52.5625 2008-07-19 Common (12000.) Direct
Option/Tandem Tax Withholding Right $45.50 2009-07-18 Common (12000.) Direct
Addl Compensation Plan Phantom Units $0.00 Common (6837.) Direct

Footnotes

F1: These options must be held for one year from the date
of grant before they can be exercised. Thereafter, the
options are exercisable as follows: 25% of the total
options granted within 2 years after the date of grant; 50%
within 3 years after the date of grant; 75% within 4 years
after the date of grant and all options after 4 years from
the date of grant.

F2: Each phantom unit credited under Dana's Additional
Compensation Plan is the economic equivalent of one share
of Dana stock. The units do not have an exercise or
expiration date. Plan participants are entitled to receive
distributions of such units in cash and/or stock, upon
retirement or termination of employment.

F3: Consists of phantom units credited under Dana's Additional
Compensation Plan with respect to compensation deferred
under the Plan and the related dividend-equivalent units.
Exempt from Section 16(b) under Rule 16b-3.