Ownership Submission
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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
McMonagle James J
  2. Issuer Name and Ticker or Trading Symbol
Owens Corning [OC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
ONE OWENS CORNING PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2014
(Street)

TOLEDO, OH 43659
4. If Amendment, Date 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
(City)
(State)
(Zip)
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
$.01 Par Value Common 07/29/2014   P   88.668 (1) A $ 35.37 50,880.899 D  
$.01 Par Value Common 07/29/2014   P   26.858 (1) A $ 35.22 50,907.757 D  
$.01 Par Value Common 11/04/2014   P   127.986 (1) A $ 32.07 51,035.743 D  
$.01 Par Value Common 01/20/2015   P   109.169 (1) (2) A $ 37.78 51,144.912 D  
$.01 Par Value Common 04/02/2015   P   104.269 (1) A $ 42.21 51,249.181 D  
$.01 Par Value Common 08/04/2015   P   79.82 (1) A $ 44.71 51,329.001 D  
$.01 Par Value Common 11/03/2015   P   78.258 (1) A $ 45.78 51,407.259 D  
$.01 Par Value Common 01/19/2016   P   82.354 (1) A $ 42.8 51,489.613 D  
$.01 Par Value Common 04/04/2016   P   78.384 (1) (3) A $ 47.63 51,567.997 D  
$.01 Par Value Common 08/02/2016   P   50.483 (1) A $ 54.13 51,618.48 D  
$.01 Par Value Common 11/02/2016   P   21.068 (1) (4) A $ 48.8019 51,639.065 (5) D  
$.01 Par Value Common 02/10/2017   A   577 (6) A $ 0 52,216.065 D  

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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 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
McMonagle James J
ONE OWENS CORNING PARKWAY
TOLEDO, OH 43659
  X      

Signatures

 Raj B. Dave, Attorney-in-Fact   02/14/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Consists of shares purchased through broker-administered dividend reinvestments previously unreported due to inadequate notice from the brokers.
(2) The Reporting Person's purchase of these shares was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended ("Section 16(b)"), to the extent of 109.169 shares, with the Reporting Person's sale of 109.169 shares at a price of $40.20 per share on May 21, 2015. The Reporting Person has paid the Issuer by check $264.19, representing the full amount of the profit deemed realized in connection with the short-swing transaction.
(3) The Reporting Person's purchase of these shares was matchable under Section 16(b) to the extent of 78.384 shares, with the Reporting Person's sale of 78.384 shares at a price of $53.90 per share on August 8, 2016. The Reporting Person has paid the Issuer by check $491.47, representing the full amount of the profit deemed realized in connection with the short-swing transaction.
(4) The Reporting Person's purchase of these shares was matchable under Section 16(b) to the extent of 21.068 shares, with the Reporting Person's sale of 21.068 shares at a price of $53.90 per share on August 8, 2016. The Reporting Person has paid the Issuer by check $107.41, representing the full amount of the profit deemed realized in connection with the short-swing transaction.
(5) The total amount does not include 0.483 fractional shares that were cashed out during a previous transaction.
(6) Deferred share portion of fourth quarter 2016 quarterly Director retainer/fees.

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