Sec Form 4 Filing - LARSEN W BRUCE @ OWENS ILLINOIS INC /DE/ - 2004-08-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LARSEN W BRUCE
2. Issuer Name and Ticker or Trading Symbol
OWENS ILLINOIS INC /DE/ [ OI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
V.P., G.M., Plastic Containers
(Last) (First) (Middle)
ONE SEAGATE
3. Date of Earliest Transaction (MM/DD/YY)
08/09/2004
(Street)
TOLEDO, OH43666
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/05/2004 M 3,000 A $ 13.25 52,556 D
Common Stock 08/05/2004 M 6,250 A $ 13.5 58,806 D
Common Stock 08/05/2004 M 35,000 A $ 5.6875 93,806 D
Common Stock 08/05/2004 M 8,000 A $ 9.99 101,806 D
Common Stock 08/05/2004 M 7,000 A $ 9.93 108,806 D
Common Stock 08/05/2004 S 21,900 D $ 15.9 86,906 D
Common Stock 08/05/2004 S 174 D $ 15.93 86,732 D
Common Stock 08/05/2004 S 1,800 D $ 15.82 84,932 D
Common Stock 08/05/2004 S 4,400 D $ 15.84 80,532 D
Common Stock 08/05/2004 S 100 D $ 15.85 80,432 D
Common Stock 08/05/2004 S 1,300 D $ 15.86 79,132 D
Common Stock 08/05/2004 S 600 D $ 15.87 78,532 D
Common Stock 08/05/2004 S 7,500 D $ 15.88 71,032 D
Common Stock 08/05/2004 S 2,600 D $ 15.89 68,432 D
Common Stock 08/05/2004 S 11,600 D $ 15.9 56,832 D
Common Stock 08/05/2004 S 6,000 D $ 15.91 50,832 D
Common Stock 08/05/2004 S 2,300 D $ 15.92 48,532 D
Common Stock 08/05/2004 S 2,100 D $ 15.93 46,432 D
Common Stock 08/05/2004 S 300 D $ 15.94 46,132 D
Common Stock 08/05/2004 S 1,800 D $ 15.95 44,332 D
Common Stock 08/05/2004 S 3,500 D $ 15.96 40,832 D
Common Stock 08/05/2004 S 3,200 D $ 15.97 37,632 D
Common Stock 08/05/2004 S 3,250 D $ 15.98 34,382 D
Common Stock 08/05/2004 S 2,300 D $ 16 32,082 D
Common Stock 08/05/2004 S 1,100 D $ 16.18 30,982 D
Common Stock 08/05/2004 S 1,200 D $ 16.19 29,782 D
Common Stock 08/05/2004 S 2,300 D $ 16.24 27,482 D
Common Stock 08/05/2004 S 482 D $ 16.54 27,000 D
Common Stock 08/05/2004 I 18,951.4712 D $ 16 0 I 401K Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 5.6875 08/05/2004 M 35,000 ( 1 ) 01/02/2011 Common Stock 35,000 $ 0 0 D
Non-Qualified Stock Option (right to buy) $ 9.93 08/05/2004 M 7,000 ( 1 ) 02/18/2013 Common Stock 7,000 $ 0 7,000 D
Non-Qualified Stock Option (right to buy) $ 9.99 08/05/2004 M 8,000 ( 1 ) 01/03/2012 Common Stock 8,000 $ 0 8,000 D
Non-Qualified Stock Option (right to buy) $ 13.25 08/05/2004 M 3,000 ( 2 ) 06/30/2005 Common Stock 3,000 $ 0 0 D
Non-Qualified Stock Option (right to buy) $ 13.5 08/05/2004 M 6,250 ( 1 ) 05/02/2010 Common Stock 6,250 $ 0 18,750 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LARSEN W BRUCE
ONE SEAGATE
TOLEDO, OH43666
V.P., G.M., Plastic Containers
Signatures
By: James W. Baehren For: W. Bruce Larsen 08/09/2004
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of option to purchase shares of common stock under the 1997 Equity Participation Plan of Owens-Illinois, Inc. The option becomes exercisable in 50% increments on the fifth and sixth anniversaries of the date of the grant, respectively, subject to earlier exercise after the first anniversary of the grant based on stock price targets being met.
( 2 )Grant of option to purchase shares of common stock under the Amended and Restated Stock Option Plan for Key Employees of Owens-Illinois, Inc. in a transaction exempt under old Rule 16b-3. The option becomes exercisable in 50% increments on the fifth and sixth anniversaries of the date of the grant, respectively, subject to earlier exercise after the first anniversary of the grant based on stock price targets being met.

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