Owens Corning — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Owens Corning (OC)
CIK: 0001370946
Period of Report: 2011-02-02

Reporting Person: Palmer Duncan (Senior VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	$.01 Par Value Common	A	19500	—	Acquired	142721	Direct
2011-02-03	$.01 Par Value Common	F	1980	$33.77	Disposed	140741	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	Stock Option (right to buy)	$33.96	A	29500	Acquired	2021-02-02	$.01 Par Value Common (29500)	Direct

Footnotes

F1: Shares of restricted stock granted under the Owens Corning 2010 Stock Plan and pursuant to the Company's Long-Term Incentive Program.

F2: The option vests in four equal annual installments beginning on February 2, 2012.