Rzonzef Michel 4
4 · GOODYEAR TIRE & RUBBER CO /OH/ · Filed Feb 29, 2012
Insider Transaction Report
Form 4
Rzonzef Michel
President, EEME&A Countries
Transactions
- Award
2008 Plan Performance Share Units
2012-02-27+2,782→ 2,782 total→ Common Stock (2,782 underlying) - Award
2008 Plan Option
2012-02-27+16,954→ 16,954 totalExercise: $12.94Exp: 2022-02-27→ Common Stock (16,954 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 2015. The number of Units paid, which can range from 0% to 200% of the Units reported on this Form 4, depends on the attainment of certain performance targets over a 3-year period ending December 31, 2014, 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 period ending December 31, 2014.
- [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.