Owens Corning — Director's Dealing 2010

Feb 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Owens Corning (OC)
CIK: 0001370946
Period of Report: 2010-02-03

Reporting Person: DANA CHARLES E (Group Pres Composite Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-03	$.01 Par Value Common	A	23600	—	Acquired	133809	Direct
2010-02-04	$.01 Par Value Common	F	3466	$23.93	Disposed	130343	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-03	Stock Option (right to buy)	$25.45	A	35700	Acquired	2020-02-03	$.01 Par Value Common Stock (35700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 Par Value Common	4000	Indirect

Footnotes

F1: Shares of restricted stock granted under the Owens Corning 2006 Stock Plan and pursuant to the Company's Long-Term Incentive Program.

F2: The option vests in four equal annual installments beginning on February 3, 2011.