http://www.4secondsflat.com/Spark_plug_reading.html 
#1 Is a timing indicator, you'll see a definite color change on the ground strap, it doesn't show well here but you can still see it right about at the arrow. Too much timing and the color change will be very close to the threaded body of the plug, too little and it'll be closer to the tip. Ideally we want it right in the apex or center of the 90 bend on the ground strap. This plug shows too much timing for the combustion chamber efficiency or octane level.
#4 Arrow shows another indicator of timing, you'll usually see a brown ring right at the tip of the porcelain area it should be a sharp and defined ring about .020 wide. Wider indicates not enough timing and any smaller , or only 1/2 way around or nonexistent as in this image is the second indication of too much timing in the motor.
#2 The tip of the ground strap is loaded with OIL deposits, fuel deposits are usually flat black in color and almost like a fine powdery deposit, this motor is leaking oil into the combustion chamber, bad valve guides, leaking valve covers allowing oil to seep through the plug threads, whatever it needs to be fixed.
#3 The threaded portion of the plug gives you the heat range, look at the threads you'll see that a few toward the tip are a dull burnt looking color the rest are black and shiny. You want about 2 threads showing the heat on the end of the plug and the rest of the threads to be shiny, this plug is impossible to read because of the oil mess. If you using a longer reach plug than this one 2.5 to 3 threads is optimum.
To increase the number of burnt threads increase the heat range of the plug, if you have 4-5-6 threads burnt you need to get a colder plug.
