CLARK CHRISTOPHER W 4
4 · GOODYEAR TIRE & RUBBER CO /OH/ · Filed Mar 2, 2009
Insider Transaction Report
Form 4
CLARK CHRISTOPHER W
Sr Vice Pres Global Sourcing
Transactions
- Award
2008 Plan Performance Units
2009-02-26+16,872→ 16,872 total→ Common Stock (16,872 underlying) - Award
2008 Plan Option
2009-02-26+77,289→ 77,289 totalExercise: $4.81Exp: 2019-02-26→ Common Stock (77,289 underlying)
Footnotes (3)
- [F1]Performance Unit Grant of a maximum of 16,872 units (200% of the base number of Units) granted on February 26, 2009 under the 2008 Performance Plan, contingently payable (to the extent earned) 100% in shares of Common Stock, in February, 2012. The grantee may elect to defer (in Common Stock equivalents) all or a portion of the grant earned. Amounts deferred will be paid in shares of Common Stock. The number of Units paid, which can be zero to 16,872 Units, depends 25% on the attainment of a cumulative net income target and 75% on the attainment of a cumulative cash flow target over a 1-year period ending December 31, 2009.
- [F2]Non-Qualified Stock Option in respect of shares of common stock granted under the 2008 Performance Plan of The Goodyear Tire & Rubber Company.
- [F3]The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant.