Owens Corning — Director's Dealing 2011

Mar 31, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Owens Corning (OC)
CIK: 0001370946
Period of Report: 2011-03-24

Reporting Person: Christy John William (Interim General Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 Par Value Common	35132	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to buy)	$30.00	2016-10-31	$.01 Par Value Common (13000)		Direct
Option (right to buy)	$13.89	2019-02-04	$.01 Par Value Common (9600)		Direct
Option (right to buy)	$25.45	2020-02-03	$.01 Par Value Common (5300)		Direct
Option (right to buy)	$33.96	2021-02-02	$.01 Par Value Common (5600)		Direct
Series B Warrants	$45.25	2013-10-31	$.01 Par Value Common (114)		Indirect

Footnotes

F1: The option vests in four equal installments which began on February 4, 2010.

F2: The option vests in four equal installments which began on February 3, 2011.

F3: The option vests in four equal installments beginning on February 2, 2012.

F4: Pursuant to its Plan of Reorganization, each share of common stock of the predecessor Owens Corning outstanding prior to its emergence from bankruptcy was cancelled and warrants to obtain shares of the Issuer's common stock were distributed on a pro rata basis to holders of the predecessor Owens Corning's outstanding common stock.