Owens Corning — Director's Dealing 2014

Nov 5, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Owens Corning (OC)
CIK: 0001370946
Period of Report: 2014-10-31

Reporting Person: Chambers Brian (President, Roofing and Asphalt)

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 Par Value Common	21207	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to purchase)	$30.00	2016-10-30	$.01 Par Value Common (50000)		Direct
Option (right to purchase)	$34.94	2021-03-29	$.01 Par Value Common (8700)		Direct
Option (right to purchase)	$33.73	2022-02-01	$.01 Par Value Common (7900)		Direct
Option (right to purchase)	$42.16	2023-02-06	$.01 Par Value Common (7600)		Direct
Option (right to purchase)	$37.65	2024-02-05	$.01 Par Value Common (9100)		Direct
Performance Rights	$50.00	2017-04-15	$.01 Par Value Common (3000)		Direct

Footnotes

F1: The option vested in one installment on October 30, 2009.

F2: The option vests in three installments: 50% on February 2, 2013, 25% on February 2, 2014 and 25% on February 2, 2015.

F3: The option vests in four equal installments which began on February 1, 2013.

F4: The option vests in four equal installments which began on February 6, 2014.

F5: The option vests in four equal installments beginning on February 5, 2015.

F6: Each performance right represents a contingent right to receive one share of Owens Corning common stock. The performance rights will vest on April 15, 2017 if Owens Corning's common stock achieves a closing market price above $50.00 during the vesting period.