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: Genis Arnaud (Group Pres Composite Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	$.01 Par Value Common	A	13800	—	Acquired	32169	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	20900	Acquired	2021-02-02	$.01 Par Value Common (20900)	Direct

Footnotes

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

F2: The option vests in three installments: 50% on February 2, 2012, 25% on February 2, 2013 and 25% on February 2, 2014.