Miguel I. Alvarez Form 3 OWENS ILLINOIS / Miguel Alvarez ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Alvarez Miguel

(Last) (First) (Middle)

ONE MICHAEL OWENS WAY

(Street)

PERRYSBURG OH 43551

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2016

3. Issuer Name and Ticker or Trading Symbol
OWENS ILLINOIS INC /DE/ [ OI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, O-I Latin America

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock (Direct)	6,530	D
Common Stock (Indirect)	459.17	I	By 401k

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option 03/07/2015 $23.99	03/07/2016(1)	03/07/2022	Common Stock (Direct)	7,872	23.99	D
Stock Option 3/07/11 $29.89	03/07/2012(1)	03/07/2018	Common Stock (Direct)	2,032	29.89	D
Stock Option 3/07/12 $22.69	03/07/2013(1)	03/07/2019	Common Stock (Direct)	1,632	22.69	D
Stock Option 3/07/2013 $26.07	03/07/2014(1)	03/07/2020	Common Stock (Direct)	1,817	26.07	D
Stock Option 3/07/2014 $33.62	03/07/2015(1)	03/07/2021	Common Stock (Direct)	1,688	33.62	D

Explanation of Responses:

1. The options vest in four equal annual installments beginning on the first anniversary of the date of grant.

Remarks:

See Exhibit 24 - Power of Attorney

	/s/ James W Baehren, attorney-in-fact	01/11/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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