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

FORM 11-K

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2010

Commission File No. 1-4329

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan
(formerly the Thrift and Profit Sharing Plan)

COOPER TIRE & RUBBER COMPANY
(Exact name of registrant as specified in its charter)

	DELAWARE		34-4297750
	(State or other jurisdiction of		(I.R.S. employer
	incorporation or organization)		identification no.)

Lima and Western Avenues, Findlay, Ohio   45840
(Address of principal executive offices)
(Zip code)

(419) 423-1321
(Registrant’s telephone number, including area code)

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan
(formerly the Thrift and Profit Sharing Plan)

ITEM 1. Not applicable.

ITEM 2. Not applicable.

ITEM 3. Not applicable.

ITEM 4. FINANCIAL STATEMENTS OF THE PLAN

     The Financial Statements of the Cooper Tire & Rubber Spectrum Investment Savings Plan (formerly the Thrift and Profit Sharing Plan) for the fiscal year ended December 31, 2010, together with the report of Ernst & Young LLP, Independent Registered Public Accounting Firm, are attached to this Annual Report on Form 11-K. The Financial Statements and the notes thereto are presented in lieu of the financial statements required by items 1, 2 and 3 of Form 11-K and were prepared in accordance with the financial reporting requirements of the Employee Retirement Income Security Act of 1974.

EXHIBITS:

(23) Consent of Independent Registered Public Accounting Firm

(99) Certification Pursuant To 18 U.S.C. § 1350

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan Administrator has duly caused this Annual Report to be signed by the undersigned, thereunto duly authorized.

Date:   June 22, 2011

F i n a n c i a l  S t a t e m e n t s  a n d  S u p p l e m e n t a l  S c h e d u l e

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan
December 31, 2010 and 2009, and
Year Ended December 31, 2010
With Report of Independent Registered Public
Accounting Firm

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan
Financial Statements and Supplemental Schedule

December 31, 2010 and 2009, and
Year Ended December 31, 2010

Contents

Report of Independent Registered Public Accounting Firm			1
Financial Statements
Statements of Net Assets Available for Benefits			2
Statement of Changes in Net Assets Available for Benefits			3
Notes to Financial Statements			4
Supplemental Schedule
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)			20
EX-23
EX-99

Report of Independent Registered Public Accounting Firm

The Pre-Tax Savings Plan Committee
Cooper Tire & Rubber Company
    Spectrum Investment Savings Plan

We have audited the accompanying statements of net assets available for benefits of the Cooper Tire & Rubber Company Spectrum Investment Savings Plan (the Plan) as of December 31, 2010 and 2009, and the related statement of changes in net assets available for benefits for the year ended December 31, 2010. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2010 and 2009, and the changes in its net assets available for benefits for the year ended December 31, 2010, in conformity with U.S. generally accepted accounting principles.

Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2009, is presented for the purpose of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

Toledo, OH
June 22, 2011

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Statements of Net Assets Available for Benefits

		December 31
		2010				2009
Investments, at fair value:
Pooled separate accounts		$	78,428,685			$	51,671,265
Interest in Investment Trust			61,158,631				56,403,354
Common stock			55,218,327				62,404,182
Mutual fund			8,071,084				8,449,475
			202,876,727				178,928,276
Receivables:
Employer contributions			4,999,717				4,543,359
Notes receivable from participants			2,557,511				1,962,293
			7,557,228				6,505,652
Net assets available for benefits, at fair value			210,433,955				185,433,928
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			–				(1,112,718	)
Net assets available for benefits		$	210,433,955			$	184,321,210

See accompanying notes.

Cooper Tire & Rubber Company

Spectrum Investment Savings Plan

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2010

Additions
Investment income:
Net appreciation in fair value of investments		$	23,855,041
Interest and dividends			1,363,251
Total investment income			25,218,292
Transfer from other Plan			342,903
Contributions:
Participant			12,406,374
Employer			10,371,098
Participant rollovers			1,859,337
Total contributions			24,636,809
Total additions			50,198,004
Deductions
Participant withdrawals			24,085,259
Net increase			26,112,745
Net assets available for benefits:
Beginning of year			184,321,210
End of year		$	210,433,955

See accompanying notes.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements

December 31, 2010

1.   Description of the Plan

The following description of Cooper Tire & Rubber Company Spectrum Investment Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.

General

The Plan, as restated and amended on January 1, 2010, is a defined contribution plan covering all salaried employees of the Cooper Tire & Rubber Company (the “Company” and the “Plan Administrator”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).

The Plan automatically enrolls newly eligible participants; however, participants can elect to opt out of automatic enrollment.

The Plan has established a trust agreement with Principal Financial Group (the “Trustee”), to act as trustee and record keeper of the Plan’s assets. The Trustee administers and invests the Plan’s assets and income for the benefit of the Plan’s participants.

Contributions

Each year, participants may contribute up to 99% of their pretax or after-tax compensation. Participants may direct their contributions to any of the Plan’s investment fund options.

The Company contributions are made annually at the discretion of the Company’s Board of Directors as provided in the Plan document. Participants may direct employer contributions immediately upon receipt. The Company made a contribution in March 2011 in the amount of $4,999,717 for the year ended December 31, 2010. The Company made a contribution in March 2010 in the amount of $4,543,359 for the year ended December 31, 2009. Effective July 1, 2009, the Company also contributes an employer match in the amount of 100% of the first 1% of participant contributions and 50% of participant contributions between 2% and 6% for a maximum employer match of 3.5%. The Company contributed $5,371,381 and $2,510,031 related to the employer match for the years ended December 31, 2010 and 2009, respectively.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

1.   Description of the Plan (continued)

Vesting

The participants are immediately vested in their contributions plus actual earnings thereon. Participants are 100% vested in the Company’s contributions plus actual earnings thereon after two years.

Participant Accounts

Individual accounts are maintained for each participant in the Plan. Each participant’s account is credited with the participant’s contributions, allocation of the Company’s contributions, and Plan earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Forfeitures

At December 31, 2010 and 2009, forfeited nonvested accounts held in the plan totaled $79,080 and $3,649, respectively. Future employer contributions can be reduced by future amounts forfeited by participants.

Participant Loans

Under the Plan, participants may borrow the lesser of 50% of the vested value of their entire account or $50,000. The interest rate is established based on the prime rate. Interest rates as of December 31, 2010, range from 3.25% to 8.25%. The loan repayment schedule can be no longer than 60 months. Principal and interest is paid ratably through payroll deductions.

Participant Withdrawals

In the event of retirement, death, termination, permanent disability, or other separation from service, participants are entitled to receive an amount equal to the value of the vested interest in their accounts. Payments of benefits are taken in a lump-sum distribution. Under the Plan, the participants who are entitled to a benefit for the reasons outlined above will have their vested balance automatically distributed if their vested balance is less than $1,000 and rolled over to an IRA account administered by the Trustee if their vested balance is greater than $1,000, but less than $5,000.

In the event of hardship, as defined by the Plan, participants may make a partial or full distribution of their accounts, subject to certain tax withholdings.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

1.   Description of the Plan (continued)

Termination of the Plan

Although it has not expressed any intent to do so, the Company has the right, under the Plan to discontinue contributions at any time, and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts. During 2009, there was a partial plan termination due to the closure of the Albany plant. There was no financial statement impact, as the affected participants were 100% vested prior to the partial plan termination.

2.   Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements are prepared on the accrual basis of accounting.

Reclassifications

Certain prior year amounts in the statement of net assets available for benefits have been reclassified to conform to the current year presentation.

Notes Receivable from Participants

Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2010 or 2009. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be a distribution, the participant loan balance is reduced and a benefit payment is recorded.

Payment of Benefits

Benefits are recorded when paid.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

2.   Summary of Significant Accounting Policies (continued)

Investment Valuation and Income Recognition

Investments held by the Plan are stated at fair value, including the underlying investment in the Principal Money Market Pooled Separate Account held by the Investment Trust as of December 31, 2010. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 3 for further discussion and disclosures related to fair value measurement.

As of December 31, 2009, the Investment Trust included an investment in an Invesco Stable Value Fund that invested in fully benefit-responsive guaranteed investment contracts (“GICs”) and synthetic investment contracts (“synthetic GICs”). The statements of net assets available for benefits present the fair value of the fully benefit-responsive investment contracts; however, since these contracts are fully benefit-responsive an adjustment is reflected in the statement of net assets available for benefits to present these investments at contract value. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The fair value of the GICs are calculated by discounting the related cash flows based on current yields of similar instruments with comparable durations. The underlying investments of the synthetic GICs are valued at quoted redemption values on the last business day of the Plan’s year-end. The fair value of the wrap contracts for synthetic GICs is determined using the market approach discounting methodology that incorporates the difference between current market level rates for contract level wrap fees and the wrap fee being charged. The difference is calculated as a dollar value and discounted by the prevailing interpolated swap rate as of period-end. The contract value of the fully benefit-responsive investment contracts represents contributions plus earnings, less participant withdrawals and administrative expenses.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

2.   Summary of Significant Accounting Policies (continued)

Administrative Expenses

The Company pays the administrative expenses of the Plan; therefore none are reported by the Plan.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

New Accounting Pronouncements

In January 2010, the FASB issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements, (“ASU 2010-06”). ASU 2010-06 amended ASC 820 to clarify certain existing fair value disclosures and require a number of additional disclosures. The guidance in ASU 2010-06 clarified that disclosures should be presented separately for each “class” of assets and liabilities measured at fair value and provided guidance on how to determine the appropriate classes of assets and liabilities to be presented. ASU 2010-06 also clarified the requirement for entities to disclose information about both the valuation techniques and inputs used in estimating Level 2 and Level 3 fair value measurements. In addition, ASU 2010-06 introduced new requirements to disclose the amounts (on a gross basis) and reasons for any significant transfers between Levels 1, 2, and 3 of the fair value hierarchy and present information regarding the purchases, sales, issuances and settlements of Level 3 assets and liabilities on a gross basis. With the exception of the requirement to present changes in Level 3 measurements on a gross basis, which is delayed until 2011, the guidance in ASU 2010-06 becomes effective for reporting periods beginning after December 15, 2009. Since ASU 2010-06 only affects the fair value measurement disclosures, adoption of ASU 2010-06 had no affect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

2.   Summary of Significant Accounting Policies (continued)

New Accounting Pronouncements (continued)

In September 2010, the FASB issued Accounting Standards Update 2010-25, Reporting Loans to Participants by Defined Contribution Pension Plans, (“ASU 2010-25”). ASU 2010-25 requires participant loans to be measured at their unpaid principal balance plus any accrued but unpaid interest and classified as notes receivable from participants. Previously loans were measured at fair value and classified as investments. ASU 2010-25 is effective for fiscal years ending after December 15, 2010 and is required to be applied retrospectively. Adoption of ASU 2010-25 did not change the value of participant loans from the amount previously reported as of December 31, 2009. Participant loans have been reclassified to notes receivable from participants as of December 31, 2009.

In May 2011, the FASB issued Accounting Standards Update 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, (“ASU 2011-04”). ASU 2011-04 amended ASC 820, Fair Value Measurements and Disclosures, to converge the fair value measurement guidance in U.S. generally accepted accounting principles (“GAAP”) and International Financial Reporting Standards (“IFRS”). Some of the amendments clarify the application of existing fair value measurement requirements, while other amendments change a particular principle in ASC 820. In addition, ASU 2011-04 requires additional fair value disclosures. The amendments are to be applied prospectively and are effective for annual periods beginning after December 15, 2011. Plan management is currently evaluating the effect that the provisions of ASU 2011-04 will have on the Plan’s financial statements.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

3.   Fair Value of Plan Assets

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

	Level 1 –		Financial assets and liabilities whose fair values are based on unadjusted quoted prices for identical assets or liabilities in an active market that the Plan has the ability to access at the measurement date.
	Level 2 –		Financial assets and liabilities whose fair values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following:

	a.		Quoted prices for similar assets or liabilities in active markets;
	b.		Quoted prices for identical or similar assets or liabilities in non-active markets;
	c.		Pricing models whose inputs are observable for substantially the full term of the asset or liability; and
	d.		Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation of other means for substantially the full term of the asset or liability.

Level 3 –

Financial assets and liabilities whose fair values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own judgment about the assumptions that a market participant would use in pricing the asset or liability and are based on the best available information, some of which may be internally developed.

The level in the fair value hierarchy within which the fair value measurement is classified is based on the lowest level input that is significant to the fair value measure in its entirety.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

3.   Fair Value of Plan Assets (continued)

Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2010.

Pooled Separate Accounts – The fair value of the investments in this category have been estimated using the net asset value per share. The net asset value (“NAV”) of these accounts is based on the market value of its underlying investments. The NAV is not a publicly-quoted price in an active market. There are currently no redemption restrictions on these investments, except as noted.

Interest in Investment Trust – As of December 31, 2009, the sole underlying investment of the Investment Trust was the Invesco Stable Value Fund and the fair value was estimated by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the credit-worthiness of the issuer. As of December 31, 2010, the sole underlying investment of the Investment Trust was the Principal Money Market Pooled Separate Account which was valued in a similar manner as other investments in pooled separate accounts held by the Plan.

Common Stock – Valued at the closing price reported on the active market on which the individual security is traded.

Mutual Funds – Valued at the NAV of shares held by the Plan at year-end.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies and assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

3.   Fair Value of Plan Assets (continued)

The following tables present the Plan’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2010 and 2009:

Fair Value Measurements at December 31, 2010 Using

Quoted Prices in

Active Markets

Significant Other

Significant

for Identical

Observable

Unobservable

December 31,

Assets

Inputs

Inputs

Description

2010

Level (1)

Level (2)

Level (3)

Interest in Investment Trust

$

61,158,631

$

–

$

61,158,631

$

–

Pooled separate accounts:

Large Cap

20,708,901

–

20,708,901

–

Mid Cap

8,758,906

–

8,758,906

–

Small Cap

1,095,594

–

1,095,594

–

Lifetime

29,471,562

–

29,471,562

–

Real Estate(a)

1,837,642

–

1,837,642

–

International

9,871,109

–

9,871,109

–

Bond and Mortgage

2,576,476

–

2,576,476

–

Core Plus Bond

4,108,495

–

4,108,495

–

Common stock

55,218,327

55,218,327

–

–

Mutual funds

8,071,084

8,071,084

–

–

Total

$

202,876,727

$

63,289,411

$

139,587,316

$

–

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

3.   Fair Value of Plan Assets (continued)

Fair Value Measurements at December 31, 2009 Using

Quoted Prices in

Active Markets

Significant Other

Significant

for Identical

Observable

Unobservable

December 31,

Assets

Inputs

Inputs

Description

2009

Level (1)

Level (2)

Level (3)

Interest in Investment Trust

$

56,403,354

$

–

$

56,403,354

$

–

Pooled separate accounts:

–

–

–

Large Cap

17,591,444

–

17,591,444

–

Mid Cap

5,904,384

–

5,904,384

–

Small Cap

443,358

–

443,358

–

Lifetime

15,115,546

–

15,115,546

–

Real Estate(a)

1,289,335

–

1,289,335

–

International

8,075,761

–

8,075,761

–

Bond and Mortgage

1,440,446

–

1,440,446

–

Core Plus Bond

1,810,991

–

1,810,991

–

Common stock

62,404,182

62,404,182

–

–

Mutual funds

8,449,475

8,449,475

–

–

Total

$

178,928,276

$

70,853,657

$

108,074,619

$

–

(a)

This category includes a pooled separate account that is designed to provide returns reflective of core U.S. real estate and includes higher quality, well leased assets in the multi-family, industrial, office, retail, and hotel sectors. Due to current market conditions some redemption of real estate investments may be delayed until deemed prudent. The fair value of the investment in this category has been estimated using the net asset value per share.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

4.   Investments

During 2010, the Plan’s investments (including investments purchased, sold, as well as held during the year) appreciated in fair value as determined by quoted market prices as follows:

		Net Realized
		and Unrealized
		Appreciation in
		Fair Value of
		Investments
Interest in Investment Trust		$	3,762,540
Common stock			10,235,752
Pooled separate accounts			9,376,432
Mutual funds			480,317
		$	23,855,041

Investments that represent 5% of the fair value of the Plan net assets available for benefits are as follows:

		December 31
		2010				2009
Cooper Tire & Rubber Company Common Stock		$	55,218,327			$	62,404,182
Principal Money Market Pooled Separate Account*			61,158,631				**
Principal Large Cap Value III Pooled Separate Account			**				9,025,500
Allegiant Large Cap Value I Fund			**				8,449,475
Invesco Stable Value Fund*			**				56,403,354

	*		Represents sole underlying investment of the Investment Trust as of December 31, 2010 and 2009, respectively.
	**		Investment is less than 5%.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

5.   Investment Trust

At December 31, 2009, the plan was invested in an Investment Trust which held an investment in the Invesco Stable Value Fund. The Invesco Stable Value Fund investment was liquidated during 2010 and the Investment Trust invested the proceeds in the Principal Money Market Pooled Separate Account. The Plan’s interest in the Investment Trust is determined by the Plan’s relative asset value to the Investment Trust’s total asset value at the end of each period. Investment income is allocated to the Plan based on its pro rata share in the net assets of the Investment Trust. These assets are identified and allocated to each participating retirement plan. At December 31, 2010 and 2009, the Plan’s interest in the net assets of the Investment Trust was approximately 60.25% and 63.0%.

The following presents the fair value of the investments in the Investment Trust:

		December 31
		2010				2009
Investments, at fair value:
Pooled separate accounts		$	101,516,111			$	–
Interest-bearing cash			–				5,554,375
Common/collective trusts			–				44,154,894
Insurance company general account			–				39,894,367
Total assets, at fair value			101,516,111				89,603,636
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			–				(1,764,985	)
Total assets		$	101,516,111			$	87,838,651

Investment income for the Investment Trust for the year ended December 31, 2010, is as follows:

Interest and dividends		$	3,100,521
Net appreciation of fair value of investments			2,611,427
		$	5,711,948

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

6.  Fully Benefit-Responsive Investment Contracts

As of December 31, 2009, the Plan’s interest in the Investment Trust included an underlying investment in the Invesco Stable Value Fund as an investment option available to participants. This account was managed by Invesco Institutional (N.A.), Inc. The account is credited with participant contributions plus earnings and charged for participant withdrawals and administrative expenses.

The Investment Trust’s related investment in the Invesco Stable Value Fund was liquidated in 2010, with the proceeds invested by the Investment Trust in the Principal Money Market Pooled Separate Account. No loss on liquidation occurred.

Investments of the Invesco Stable Value Fund included GICs, typically issued by insurance companies and which provide for guarantees of interest and repayment of principal. An issuer of a GIC is contractually obligated to repay the principal and a specified interest rate or interest rate index that is guaranteed to the Plan. There were no reserves against contract value for credit risk of the contract issuer as of December 31, 2009. The crediting interest rate was based on a formula agreed upon with the issuer, but was not less than zero. Such interest rates were reviewed and reset on a monthly basis.

The Plan also invested in synthetic GICs which are wrap contracts paired with an underlying investment or investments, usually a portfolio, owned by the Plan, of high quality, intermediate term fixed income securities. The Plan purchased wrapper contracts from financial services institutions. Synthetic GICs credit a stated interest rate for a specified period of time. Investment gains and losses are amortized over the expected duration through the calculation of the interest rate applicable to the Plan on a prospective basis. Synthetic GICs provide for a variable crediting rate, which typically resets at least quarterly, and the issuer of the wrap contract provides assurance that future adjustments to the crediting rate cannot result in a crediting rate less than zero. The crediting rate is primarily based on the current yield-to-maturity of the covered investments, plus or minus amortization of the difference between the market value and contract value of the covered investments over the duration of the covered investments at the time of the computation. The crediting rate is most affected by the change in the annual effective yield-to-maturity of the underlying securities, but is also affected by the difference between the contract value and the market value of the covered investments. Depending on the change in duration from reset period to reset period, the magnitude of the impact to the crediting rate of the contract to market difference is heightened or lessened. The crediting rate can be adjusted periodically and is usually adjusted either monthly or quarterly, but in no event is the crediting rate less than zero.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

6.  Fully Benefit-Responsive Investment Contracts (continued)

As described in Note 2, because GICs and synthetic GICs are fully benefit-responsive, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the GICs and synthetic GICs. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

		2010				2009
Average yields for GICs and synthetic GICs:
Based on actual earning			1.83	%			2.95	%
Based on interest rate credited to participants			3.38	%			3.65	%

In December 2008, the Plan Sponsor announced its plan to close its tire manufacturing facility in Albany, Georgia. This closure resulted in a workforce reduction of approximately 1,400 people, which resulted in a partial Plan termination during 2009. All affected employees who were active participants in the Plan became fully vested in their share of the employer contributions upon the partial Plan termination.

As described above, a partial Plan termination is one of several events that may limit the ability of the Plan to transact at contract value with the insurance company and financial institution issuer of fully benefit-responsive investment contracts. Plan management has discussed the partial Plan termination with the issuer of the contracts. This has been taken into account by the issuer and the cash position of the account was planned accordingly. As a result, the partial Plan termination did not have an impact on the Plan’s ability to transact at contract value.

7.  Income Tax Status

The Plan has received a determination letter from the Internal Revenue Service (“IRS”) dated July 13, 2004, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended and restated, is qualified and the related trust is tax-exempt.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

7.  Income Tax Status (continued)

Accounting principles generally accepted in the United States require plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2010, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2008.

8.  Related-Party Transactions

The Plan holds units of pooled separate accounts managed by Principal Financial Group, the trustee of the Plan. The Plan also invests in the common stock of the Plan Sponsor. These transactions qualify as party-in-interest transactions; however, they are exempt from the prohibited transactions rules under ERISA.

9.  Risks and Uncertainties

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

Notes to Financial Statements (Continued)

10.  Reconciliation of financial statements to Form 5500

Form 5500 reports net assets at fair value and the financial statements report at contract value. The following is a reconciliation of net assets available for benefits.

		December 31
		2009
Net assets available for benefits per Form 5500		$	185,433,928
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			(1,112,718	)
Net assets available for benefits per the financial statements		$	184,321,210

The following is a reconciliation of net additions to net assets available for benefits:

		Year Ended December 31,
		2010
Net increase per Form 5500		$	24,657,124
Adjustment from fair value to contract value for fully benefit-responsive investment contracts			1,112,718
Transfers to plan			342,903
Total net increase per the financial statements		$	26,112,745

Supplemental Schedule

Cooper Tire & Rubber Company
Spectrum Investment Savings Plan

EIN #34-4297750    Plan #005

Schedule H, Line 4i – Schedule of Assets
(Held at End of Year)

December 31, 2010

		Description of Investment
Identity of Issue,		Including Maturity Date,
Borrower, Lessor, or		Rate of Interest, Collateral,		Current
Identity of Issue		Par, or Maturity Value		Value
Common Stock:
*Cooper Tire & Rubber Company		2,341,744 shares, Cooper Tire & Rubber Company stock		$	55,218,327
Investment Trust:
*Principal Life Insurance Company		3,660,002 shares, Principal Money Market Pooled Separate Account			61,158,631
Pooled Separate Accounts:
*Principal Life Insurance Company		701,872 shares, Large Cap Value III			9,003,556
		362,597 shares, Midcap Growth III			5,722,945
		123,476 shares, International I			4,188,624
		178,842 shares, Large Cap Growth			4,722,225
		33,536 shares, Mid Cap Growth			772,656
		340,108 shares, Core Plus Bond I			4,108,495
		164,104 shares, Large Cap Growth I			1,824,521
		30,150 shares, Midcap Value I			1,111,693
		63,516 shares, Large Cap Growth II			665,554
		592,925 shares, Lifetime 2030			9,591,711
		498,757 shares, Lifetime 2020			8,178,814
		84,087 shares, Large Cap S&P 500 Index			4,493,045
		347,128 shares, Lifetime 2040			5,624,355
		58,607 shares, Diversified International			3,307,488
		285 shares, Principal US Property
		195,164 shares, Lifetime 2010			3,079,287
		2,742 shares, Bond and Mortgage			2,576,476
		40,848 shares, International Emerging Markets			2,374,997
		133,409 shares, Lifetime 2050			2,076,977
		60,309 shares, Lifetime STR INC			920,418
		45,247 shares, Mid Cap S&P 400 Index			1,151,612
		34,876 shares, Small Cap S&P 600 Index			885,065
		5,176 shares, Small Cap Value			210,529
		2,406 shares, U.S. Property			1,196,199
		25,176 shares, Real Estate			641,443
Mutual Fund:
PNC Capital Advisors		613,304 shares, PNC Large Cap Value I Fund			8,071,084
*Participant loans		Interest rates ranging from 3.25% to 8.25%, with the longest maturity date of December 2015			2,557,511
				$	205,434,238