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Filing Details

Accession Number:: 0000812074-12-000010
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-03-09 16:51:25
Reporting Period:: 2012-03-07

Filing Date:: 2012-03-09
Accepted Time:: 2012-03-09 16:51:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
812074	Owens Illinois Inc	OI	Glass Containers (3221)	222781933

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1210733	W James Baehren	One Michael Owens Way Perrysburg OH 43551	Sr. Vp & General Counsel	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock (Direct)	Disposition	2012-01-09	1,220	$0.00	84,116	No	5	G	Direct
Common Stock (Direct)	Acquisiton	2012-03-07	6,611	$0.00	90,727	No	4	A	Direct
Common Stock (Direct)	Acquisiton	2012-03-07	10,578	$0.00	101,305	No	4	A	Direct
Common Stock (Direct)	Disposition	2012-03-07	14,139	$22.82	87,166	No	4	S	Direct
Common Stock (Direct)	Disposition	2012-03-08	10,578	$23.33	76,588	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	G	Direct
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock (Direct)	Stock Option 3/07/12 $22.69	Acquisiton	2012-03-07	13,993	$0.00	13,993	$22.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,993		2019-03-07	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock (Indirect)	18,002	Indirect	401-K

Footnotes

The option vests in four equal annual installments beginning on the first anniversary of the date of the grant.
The shares are subject to restrictions on sale that expire, either (i) as to 25% of the shares on each of the first four anniversaries of the date of grant of such shares, or (ii) in their entirety upon the grantee's death or disability prior to a termination of employment.
Shares received by the reporting person on March 7, 2012 pursuant to action taken on that date by the Company's Compensation Committee determining the number of shares payable to the reporting person under certain performance stock units granted for the 2009-2011 grant period. The performance stock units did not constitute derivative securities on the date of grant thereof.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.68 to $22.97, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, 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 this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.295 to $23.37, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, 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 this footnote.
4,139 of the shares sold by the reporting person in this transaction were restricted stock on which the restrictions lapsed.
The shares sold by the reporting person were acquired upon the payout of performance stock units.