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GOODYEAR TIRE & RUBBER CO /OH/ Director's Dealing 2016

Feb 24, 2016

31625_dirs_2016-02-24_22bff8da-7cf1-4169-b804-1c1def5aa681.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK: 0000042582
Period of Report: 2016-02-22

Reporting Person: Kellam Richard (Sr VP Global Sales & Marketing)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-02-22 Restricted Stock Units $ A 16722 Acquired Common Stock (16722) Direct
2016-02-22 2013 Plan Performance Shares $ A 6856 Acquired Common Stock (6856) Direct
2016-02-22 2013 Plan Option $29.90 A 25796 Acquired 2026-02-22 Common Stock (25796) Direct

Footnotes

F1: Restricted Stock Units, each equivalent to a share of common stock, granted under the 2013 Performance Plan.

F2: The Restricted Stock Units vest 100% 5 years from the date of grant.

F3: Performance 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.

F4: Non-Qualified Stock Option in respect of shares of common stock granted under the 2013 Performance Plan.

F5: The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant.