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 *
BAEHREN JAMES W
   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, CAO & General Counsel
(Last)
(First)
(Middle)
ONE MICHAEL OWENS WAY		 3. Date of Earliest Transaction (Month/Day/Year)
03/07/2008
(Street)

PERRYSBURG, OH 43551		 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
Common Stock 03/07/2008   A   15,882 (1) A $ 0 83,307 D  
Common Stock 03/07/2008   S   100 D $ 52.66 83,207 D  
Common Stock 03/07/2008   S   400 D $ 52.67 82,807 D  
Common Stock 03/07/2008   S   4,400 D $ 52.68 78,407 D  
Common Stock 03/07/2008   S   700 D $ 52.69 77,707 D  
Common Stock 03/07/2008   S   3,025 D $ 52.7 74,682 D  
Common Stock 03/07/2008   S   800 D $ 52.71 73,882 D  
Common Stock 03/07/2008   S   400 D $ 52.73 73,482 D  
Common Stock 03/07/2008   S   1,800 D $ 52.74 71,682 D  
Common Stock 03/07/2008   S   1,841 D $ 52.75 69,841 D  
Common Stock 03/07/2008   S   80 D $ 52.76 69,761 D  
Common Stock 03/07/2008   S   2,000 D $ 52.77 67,761 D  
Common Stock 03/07/2008   S   1,275 D $ 52.78 66,486 D  
Common Stock               16,027.4515 I 401K Plan

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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
BAEHREN JAMES W
ONE MICHAEL OWENS WAY
PERRYSBURG, OH 43551		       Sr. VP, CAO & General Counsel  

Signatures

 James W. Baehren   03/11/2008
**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) Represents shares received by the reporting person on March 7, 2008 pursuant to action taken on that date by the Company's Compensation Committee determining the number of shares payable to the reporting person under certain restricted stock units granted for the 2005-2007 grant period. The restricted stock units did not constitute derivative securities on the date of grant thereof.

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