FORM 4
[ X ] 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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Linnartz John K. H. 		2. Issuer Name and Ticker or Trading Symbol

OI CORP [ OICO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

P.O. BOX 9010,  		3. Date of Earliest Transaction (MM/DD/YYYY)

11/15/2010
(Street)

COLLEGE STATION, TX US 77845
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   11/15/2010     U    14100   D $12.5   (1) 0   D   (2)  
Common Stock   11/15/2010     U    334720   D $12.5   (1) 0   I   By Mustang Capital Advisors, LP   (3) (4) (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
( 1)  Disposed of pursuant to merger agreement between issuer, ITT Corporation, and Oyster Acquisition Corp. for $12.00 per share merger consideration and a $0.50 per share special dividend.
( 2)  Shares are held directly by Mr. Linnartz.
( 3)  Mr. Linnartz is the Managing Member of Mustang Capital Management, LLC, the General Partner of Mustang Capital Advisors, LP.
( 4)  Mustang Capital Advisors, LP, Mustang Capital Management, LLC, Western Mustang Holdings, LLC, and Western Sizzlin Corporation each disclaim beneficial ownership of the shares of Common Stock reported herein except to the extent of their pecuniary interest therein and this report shall not be deemed to be an admission that any of the foregoing is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
( 5)  As the general partner of Mustang Capital Advisors, LP, Mustang Capital Management, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by Mustang Capital Advisors, LP. As the managing member of Mustang Capital Management, John K.H. Linnartz may be deemed to beneficially own the shares of Common Stock beneficially owned by Mustang Capital Advisors, LP. By virtue of its 51% ownership interest in Mustang Capital Management, Western Mustang Holdings, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by Mustang Capital Advisors, LP. As the sole member of Western Mustang Holdings, LLC, Western Sizzlin Corporation may be deemed to beneficially own the shares of Common Stock beneficially owned by Mustang Capital Advisors, LP.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Linnartz John K. H.
P.O. BOX 9010
COLLEGE STATION, TX US 77845 		X X

Western Mustang Holdings LLC
416 SOUTH JEFFERSON STREET
SUITE 600
ROANOKE, VA US 24011 		X X

Mustang Capital Advisors, LP
1506 MCDUFFFIE STREET
HOUSTON, TX US 77019 		X X

Mustang Capital Management, LLC
1506 MCDUFFIE STREET
HOUSTON, TX US 77019 		X X

WESTERN SIZZLIN CORP
416 SOUTH JEFFERSON STREET
SUITE 600
ROANOKE, VA US 24011 		X X


Signatures
/s/ Laura E. Hotard (Attorney-in-Fact for John K.H. Linnartz) 11/16/2010
** Signature of Reporting Person Date

/s/ Laura E. Hotard (Attorney-in-Fact for Mustang Capital Advisors, LP) 11/16/2010
** Signature of Reporting Person Date

/s/ Laura E. Hotard (Attorney-in-Fact for Mustang Capital Management, LLC) 11/16/2010
** Signature of Reporting Person Date

/s/ Laura E. Hotard (Attorney-in-Fact for Western Mustang Holdings, LLC) 11/16/2010
** Signature of Reporting Person Date

/s/ Laura E. Hotard (Attorney-in-Fact for Western Sizzlin Corp.) 11/16/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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