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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.