Purtilar Mark Wayne 4
4 · GOODYEAR TIRE & RUBBER CO /OH/ · Filed Feb 24, 2011
Insider Transaction Report
Form 4
Purtilar Mark Wayne
VP and Chief Procurement Ofcr
Transactions
- Award
2008 Plan Option
2011-02-22+13,762→ 13,762 totalExercise: $13.91Exp: 2021-02-22→ Common Stock (13,762 underlying) - Award
2008 Plan Performance Share Units
2011-02-22+2,278→ 2,278 total→ Common Stock (2,278 underlying)
Footnotes (3)
- [F1]Performance Share Unit grant under the 2008 Performance Plan, contingently payable (to the extent earned) 100% in shares of common stock in February 2014. The number of Units paid, which can range from 0% to 150% of the Units reported on this Form 4, depends on the attainment of net income and cash flow targets over a 1-year period ending December 31, 2011, and is subject to further increase or decrease of up to 20% based on the Company's total shareholder return vs. the S&P 500 over the 3-year vesting period ending December 31, 2013.
- [F2]Non-Qualified Stock Option in respect of shares of common stock granted under the 2008 Performance Plan.
- [F3]The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant.