Owens Corning — Director's Dealing 2016

Aug 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Owens Corning (OC)
CIK: 0001370946
Period of Report: 2016-08-23

Reporting Person: Schmidt Kelly (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-23	$.01 Par Value Common	M	3300	$34.31	Acquired	12534	Direct
2016-08-23	$.01 Par Value Common	M	4300	$33.96	Acquired	16834	Direct
2016-08-23	$.01 Par Value Common	M	5600	$33.73	Acquired	22434	Direct
2016-08-23	$.01 Par Value Common	S	13200	$54.41	Disposed	9234	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-23	Option (right to purchase)	$34.31	M	3300	Disposed	2020-05-17	$.01 Par Value Common (3300)	Direct
2016-08-23	Option (right to purchase)	$33.96	M	4300	Disposed	2021-02-02	$.01 Par Value Common (4300)	Direct
2016-08-23	Option (right to purchase)	$33.73	M	5600	Disposed	2022-02-01	$.01 Par Value Common (5600)	Direct

Footnotes

F1: The total amount of holdings reflects an acquisition on May 31,2016 of 238 shares through the issuer's Employee Stock Purchase Plan which is exempt under Rule 16b-3(c).

F2: The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.35 to $54.56, inclusive. The Reporting Person undertakes to provide to Owens Corning, any security holder of Owens Corning, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in theis footnote.