TITAN INTERNATIONAL INC — Director's Dealing 2012

Jan 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TITAN INTERNATIONAL INC (TWI)
CIK: 0000899751
Period of Report: 2011-12-09

Reporting Person: HOLLEY CHERI T (Vice President & Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-09	Stock options	$21.59	A	10000	Acquired	2021-12-09	Common stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	275	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock options	$15.75	2020-11-15	Common stock (17460)	17460	Direct

Footnotes

F1: The options vest over a three year period with 40% vesting 11/15/2011, 30% vesting 11/15/2012, and 30% vesting 11/15/2013.

F2: The options vest over a three year period with 40% vesting 12/09/2012, 30% vesting 12/09/2013, and 30% vesting 12/09/2014.