Ownership Submission
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, 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 *
  Ridder Greg W
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2006		 3. Issuer Name and Ticker or Trading Symbol
OWENS ILLINOIS INC /DE/ [OI]
(Last)
(First)
(Middle)
36 BURWOOD ROAD		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres, Asia Pacific Operations
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HAWTHORN, C3 3122		 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 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 15,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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 5,300 $ 9.93 D  
Non-Qualified Stock Option (right to buy)   (1) 01/03/2012 Common Stock 6,000 $ 9.99 D  
Non-Qualified Stock Option (right to buy)   (1) 03/11/2014 Common Stock 6,000 $ 12.68 D  
Non-Qualified Stock Option (right to buy)   (2) 03/31/2012 Common Stock 6,000 $ 24.17 D  
Non-Qualified Stock Option (right to buy)   (1) 01/03/2011 Common Stock 5,000 $ 5.6875 I by Spouse
Non-Qualified Stock Option (right to buy)   (1) 05/02/2010 Common Stock 15,000 $ 13.5 I by Spouse
Non-Qualified Stock Option (right to buy)   (1) 04/08/2009 Common Stock 15,000 $ 23.9375 I by Spouse
Non-Qualified Stock Option (right to buy)   (1) 05/06/2008 Common Stock 15,000 $ 39.9375 I by Spouse
Phantom Stock - 1997 Plan   (3)   (3) Common Stock 12,000 $ 0 D  
Phantom Stock - 2005 Plan   (4)   (4) Common Stock 900 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ridder Greg W
36 BURWOOD ROAD
HAWTHORN, C3 3122		       Pres, Asia Pacific Operations  

Signatures

By: James W. Baehren For: Greg W. Ridder 01/09/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 option vests in four equal annual installments beginning on March 31, 2006.
(3) Shares of Phantom Stock granted under the 1997 Equity Participation Plan for Key Employees of Owens-Illinois, Inc. The shares vest upon the later to occur of three years or the grantees retirement.
(4) The phantom shares vest in four equal annual installments beginning on March 31, 2006.

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