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

1. Name and Address of Reporting Person *

Jarrell Paul Arthur 		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)
Sr. VP & Chief Adm. Officer
(Last)          (First)          (Middle)

ONE MICHAEL OWENS WAY 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/27/2015
(Street)

PERRYSBURG, OH 43551
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Phantom Stock     (1) 5/27/2015     A      8.5440         (1)   (1) Common Stock (Direct)   8.5440   $24.1400   8.5440   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 6/26/2015     A      20.5530         (1)   (1) Common Stock (Direct)   20.5530   $23.6700   29.0970   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 7/28/2015     A      23.2110         (1)   (1) Common Stock (Direct)   23.2110   $20.9600   52.3080   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 8/27/2015     A      23.4230         (1)   (1) Common Stock (Direct)   23.4230   $20.7700   75.7310   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 9/29/2015     A      23.7660         (1)   (1) Common Stock (Direct)   23.7660   $20.4700   99.4970   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 10/27/2015     A      21.4690         (1)   (1) Common Stock (Direct)   21.4690   $22.6600   120.9660   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 11/23/2015     A      25.3520         (1)   (1) Common Stock (Direct)   25.3520   $19.1900   146.3180   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 12/24/2015     A      27.5480         (1)   (1) Common Stock (Direct)   27.5480   $17.6600   173.8660   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 2/26/2016     A      85.2270         (1)   (1) Common Stock (Direct)   85.2270   $15.1800   259.0930   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 3/24/2016     A      50.7460         (1)   (1) Common Stock (Direct)   50.7460   $15.7500   309.8390   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 4/27/2016     A      43.2960         (1)   (1) Common Stock (Direct)   43.2960   $18.4600   353.1350   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 5/26/2016     A      43.2500         (1)   (1) Common Stock (Direct)   43.2500   $18.4800   396.3850   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 6/28/2016     A      46.5220         (1)   (1) Common Stock (Direct)   46.5220   $17.1800   442.9070   I   By Executive Deferred Savings Plan  
Phantom Stock     (1) 7/26/2016     A      42.0440         (1)   (1) Common Stock (Direct)   42.0440   $19.0100   484.9510   I   By Executive Deferred Savings Plan  

Explanation of Responses:
( 1)  Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock are payable in cash at the election of the reporting person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Jarrell Paul Arthur
ONE MICHAEL OWENS WAY
PERRYSBURG, OH 43551

Sr. VP & Chief Adm. Officer

Signatures
/s/James W. Baehren, attorney-in-fact 8/10/2016
** 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 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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