XNYS:AWI Armstrong World Industries, Inc. Insider Activity 4 Filing - 4/10/2012

Effective Date 4/10/2012

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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 *
ESPE MATTHEW J
  2. Issuer Name and Ticker or Trading Symbol
ARMSTRONG WORLD INDUSTRIES INC [AWI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2012
(Street)

LANCASTER, PA 17603
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Options $28.83 04/10/2012   D(1)     98,283 08/10/2011 08/10/2020 Common Stock 98,283 (1) 0 D  
Stock Options $24.73 04/10/2012   A(1)   114,611   08/10/2011 08/10/2020 Common Stock 114,611 (1) 114,611 D  
Stock Options $28.83 04/10/2012   D(1)     98,284 08/10/2012 08/10/2020 Common Stock 98,284 (1) 0 D  
Stock Options $24.73 04/10/2012   A(1)   114,612   08/10/2012 08/10/2020 Common Stock 114,612 (1) 114,612 D  
Stock Options $28.83 04/10/2012   D(1)     98,284 08/10/2013 08/10/2020 Common Stock 98,284 (1) 0 D  
Stock Options $24.73 04/10/2012   A(1)   114,612   08/10/2013 08/10/2020 Common Stock 114,612 (1) 114,612 D  
Stock Options $41.47 04/10/2012   D(1)     34,702 03/02/2012 03/02/2021 Common Stock 34,702 (1) 0 D  
Stock Options $35.57 04/10/2012   A(1)   40,466   03/02/2012 03/02/2021 Common Stock 40,466 (1) 40,466 D  
Stock Options $41.47 04/10/2012   D(1)     34,702 03/02/2013 03/02/2021 Common Stock 34,702 (1) 0 D  
Stock Options $35.57 04/10/2012   A(1)   40,466   03/02/2013 03/02/2021 Common Stock 40,466 (1) 40,466 D  
Stock Options $41.47 04/10/2012   D(1)     34,703 03/02/2014 03/02/2021 Common Stock 34,703 (1) 0 D  
Stock Options $35.57 04/10/2012   A(1)   40,467   03/02/2014 03/02/2021 Common Stock 40,467 (1) 40,467 D  
Stock Options $50.38 04/10/2012   D(1)     29,056 02/28/2013 02/28/2022 Common Stock 29,056 (1) 0 D  
Stock Options $43.21 04/10/2012   A(1)   33,882   02/28/2013 02/28/2022 Common Stock 33,882 (1) 33,882 D  
Stock Options $50.38 04/10/2012   D(1)     29,056 02/28/2014 02/28/2022 Common Stock 29,056 (1) 0 D  
Stock Options $43.21 04/10/2012   A(1)   33,882   02/28/2014 02/28/2022 Common Stock 33,882 (1) 33,882 D  
Stock Options $50.38 04/10/2012   D(1)     29,056 02/28/2015 02/28/2022 Common Stock 29,056 (1) 0 D  
Stock Options $43.21 04/10/2012   A(1)   33,883   02/28/2015 02/28/2022 Common Stock 33,883 (1) 33,883 D  
Performance Based Restricted Stock Units (2) 04/10/2012   D(2)     19,979   (2)   (2) Common Stock 19,979 $ 0 0 D  
Performance Based Restricted Stock Units (2) 04/10/2012   A(2)   19,979     (2)   (2) Common Stock 19,979 $ 0 19,979 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ESPE MATTHEW J
C/O ARMSTRONG WORLD INDUSTRIES, INC.
2500 COLUMBIA AVENUE
LANCASTER, PA 17603
  X     President and CEO  

Signatures

 /s/Christopher S. Parisi, Attorney-in-fact   04/12/2012
** 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) The reported transactions relate to an adjustment of outstanding stock options and exercise prices in connection with the Registrant's payment of a special cash dividend to shareholders on April 10, 2012, resulting in the deemed cancellation of the original options and the grant of replacement options. An adjustment is required under the terms of the underlying equity incentive plan.
(2) The performance based restricted stock units (PRSUs) granted to the Reporting Person have been amended to adjust the stock price target due to the Registrant's payment of a special cash dividend to shareholders on April 10, 2012, resulting in a deemed cancellation of the original PRSUs and the grant of replacement PRSUs. The PRSUs shall vest on December 31, 2013 if the Company's closing stock price is at or above $49.56 for 15 trading days in a 20 day consecutive trading day period ("Target") at any time prior to December 31, 2013. If the PRSUs do not vest on December 31, 2013, the PRSUs will vest when the Target has been achieved so long as the achievement date is not later than December 31, 2014. The PRSUs shall be forfeited if the Target is not achieved by December 31, 2014

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNYS:AWI Armstrong World Industries, Inc. Insider Activity 4 Filling

Armstrong World Industries, Inc. XNYS:AWI Stock - Get Insider Activity SEC Filing of Armstrong World Industries, Inc. XNYS:AWI stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XNYS:AWI Armstrong World Industries, Inc. Insider Activity 4 Filing - 4/10/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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