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* DOYLE GERARD DAMIEN (Last) (First) (Middle) ONE SEAGATE (Street) TOLEDO OH 43666 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/15/2004	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) Chief Information Officer	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	4,000	D

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
Non-Qualified Stock Option (right to buy)	(1)	02/18/2013	Common Stock	3,000	$9.93	D
Non-Qualified Stock Option (right to buy)	(1)	01/03/2012	Common Stock	2,700	$9.99	D
Non-Qualified Stock Option (right to buy)	(1)	03/11/2014	Common Stock	4,000	$12.68	D
Non-Qualified Stock Option (right to buy)	(1)	05/02/2010	Common Stock	4,500	$13.5	D
Non-Qualified Stock Option (right to buy)	(1)	04/08/2009	Common Stock	6,000	$23.9375	D
Non-Qualified Stock Option (right to buy)	(1)	05/06/2008	Common Stock	4,000	$39.9375	D
Non-Qualified Stock Option (right to buy)	(1)	01/03/2011	Common Stock	6,000	$5.6875	I	by Spouse
Non-Qualified Stock Option (right to buy)	(1)	01/03/2012	Common Stock	900	$9.99	I	by Spouse
Non-Qualified Stock Option (right to buy)	(1)	05/02/2010	Common Stock	1,500	$13.5	I	by Spouse
Phanton Stock	(2)	(2)	Common Stock	4,000	$0	D

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. The shares of phantom stock become exercisable upon the later to occur of three years from issuance or date of retirement. There is no expiration date.

	By: James W. Baehren For: Gerard Damian Doyle	07/23/2004
	** 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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