SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KRAMER RICHARD J

(Last) (First) (Middle)
THE GOODYEAR TIRE & RUBBER COMPANY
1144 EAST MARKET STREET

(Street)
AKRON OH 44316-0001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GOODYEAR TIRE & RUBBER CO /OH/ [ GT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO and President, NAT
3. Date of Earliest Transaction (Month/Day/Year)
11/19/2009
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 220(1) I 401(k) Plan(2)
Common Stock 11/19/2009 F(3) 8,631 D $14.32(3) 162,123 D
Common Stock 11/19/2009 M(4) 9,300 A $12.54(4) 171,423 D
Common Stock 11/19/2009 F(5) 1,707 D $14.32(5) 169,716 D
Common Stock 11/19/2009 M(6) 1,950 A $12.54(6) 171,666 D
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
2002 Plan Option(7) $12.54 11/19/2009 M 9,300 (8) 12/09/2014 Common Stock 9,300 $0.00 0 D
2002 Plan Option(9) $14.32 11/19/2009 A 8,631 11/19/2010 12/09/2014 Common Stock 8,631 $0.00 8,631 D
2002 Plan Option(10) $12.54 11/19/2009 M 1,950 (8) 12/09/2014 Common Stock 1,950 $0.00 0 D
2002 Plan Option(11) $14.32 11/19/2009 A 1,707 11/19/2010 12/09/2014 Common Stock 1,707 $0.00 1,707 D
Explanation of Responses:
1. Total number of shares of common stock allocated to the account of the reporting person in a Trust established under Goodyear's Employee Savings Plan for Salaried Employees, a 401(k) Plan, as of November 19, 2009 as reported by the Plan Trustee.
2. The shares are held by a nominee of The Northern Trust Company, the Savings Plan Trustee.
3. 8,143 previously owned shares having a market value of $14.32 per share were delivered in payment of the option price of $12.54 per share for 9,300 shares acquired pursuant to the exercise of an option granted under the 2002 Performance Plan (the "2002 Plan"). In addition, 488 shares were withheld to pay Federal withholding taxes as permitted by the 2002 Plan and option grant agreement.
4. 9,300 shares were acquired pursuant to the exercise of an option granted under the 2002 Plan.
5. 1,707 previously owned shares having a market value of $14.32 per share were delivered in payment of the option price of $12.54 per share for 1,950 shares acquired pursuant to the exercise of an option granted under the 2002 Plan.
6. 1,950 shares were acquired pursuant to the exercise of an Incentive Stock Option granted under the 2002 Plan. As a result of the transactions reported herein, the reporting person's ownership of stock increased by 912 shares.
7. Exercise of Non-Qualified Stock Option granted on 12/9/2004 under the 2002 Plan.
8. The option vested and became exercisable in 25% increments over four years commencing one year after the date of grant.
9. Pursuant to the terms of the 2002 Plan and the option grant agreement, a reload option was granted for the number of shares tendered in payment of the option exercise price and withheld to pay Federal withholding taxes.
10. Exercise of Incentive Stock Option granted on 12/09/2004 under the 2002 Plan.
11. Pursuant to the terms of the 2002 Plan and the option grant agreement, a reload option was granted for the number of shares tendered in payment of the option exercise price.
Remarks:
/s/ Bertram Bell, signing as an attorney-in-fact and agent duly authorized to execute this Form 4 on behalf of Richard J Kramer pursuant to a Power of Attorney dated 10/3/02, a copy of which has been previously filed with the SEC. 11/23/2009
** 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 4 (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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