Sec Form 4 Filing - MCCRAY RONALD D @ KIMBERLY CLARK CORP - 2007-08-07

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 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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1. Name and Address of Reporting Person MCCRAY RONALD D 2. Issuer Name and Ticker or Trading Symbol KIMBERLY CLARK CORP [ KMB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP, Law & Gov. Affairs (Last) (First) (Middle) P.O. BOX 619100 3. Date of Earliest Transaction (MM/DD/YY) 08/07/2007 (Street) DALLAS, TX75261-9100 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/07/2007 M 48,019 A $ 43.7987 96,322.884 D Common Stock 08/07/2007 M 24,558 A $ 63.1413 120,880.884 D Common Stock 08/07/2007 M 20,782 A $ 61.59 141,662.884 D Common Stock 08/07/2007 M 10,897 A $ 58.73 152,559.884 D Common Stock 08/07/2007 M 3,640 A $ 68.5891 156,199.884 D Common Stock 08/07/2007 S 104,256 D $ 69.6503 51,943.884 ( 1 ) D Common Stock 6,487.76 I Incentive Investment Plan ( 2 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Option (Right to Buy) $ 43.7987 08/07/2007 M 48,019 ( 3 ) 02/17/2013 Common Stock 48,019 $ 0 0 D Stock Option (Right to Buy) $ 58.73 08/07/2007 M 10,897 ( 3 ) 04/26/2016 Common Stock 10,897 $ 0 25,427 D Stock Option (Right to Buy) $ 61.59 08/07/2007 M 20,782 ( 3 ) 04/28/2015 Common Stock 20,782 $ 0 13,856 D Stock Option (Right to Buy) $ 63.1413 08/07/2007 M 24,558 ( 3 ) 04/27/2014 Common Stock 24,558 $ 0 0 D Stock Option (Right to Buy) $ 68.5891 08/07/2007 M 3,640 ( 3 ) 02/21/2011 Common Stock 3,640 $ 0 32,968 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MCCRAY RONALD D P.O. BOX 619100 DALLAS, TX75261-9100 SVP, Law & Gov. Affairs Signatures /s/ John W. Wesley as attorney-in-fact for Ronald D. Mc Cray 08/08/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 2,336.708 shares held in the Corporation's Dividend Reinvestment Program as of recent practicable date. ( 2 )Number of shares held by the Trustee of the Kimberly-Clark Corporation Incentive Investment Plan and beneficially owned by the reporting person as of a recent practicable date. ( 3 )In general, no option may be exercised until one year after it has been granted; after the end of one year, it may be exercised as to 30 percent or less of the total shares subject to options, after the end of the second year, an additional 30 percent, and after the end of the third year, all options may be exercised.

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).

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