Sec Form 4 Filing - FALK THOMAS J @ KIMBERLY CLARK CORP - 2019-04-23

Insider filing report for Changes in Beneficial Ownership
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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
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
FALK THOMAS J
2. Issuer Name and Ticker or Trading Symbol
KIMBERLY CLARK CORP [ KMB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
P.O. BOX 619100
3. Date of Earliest Transaction (MM/DD/YY)
04/23/2019
(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 04/23/2019 M 83,717 A $ 107.5054 83,717 D
Common Stock 04/23/2019 M 27,500 A $ 110.72 111,217 D
Common Stock 04/23/2019 S 6,217 D $ 129.09 ( 1 ) 105,000 D
Common Stock 04/23/2019 S 105,000 D $ 126.24 ( 2 ) 0 D
Common Stock 04/24/2019 M 114,751 A $ 110.72 114,751 D
Common Stock 04/24/2019 S 47,814 D $ 124.55 ( 3 ) 66,937 D
Common Stock 04/24/2019 S 66,937 D $ 125.12 ( 4 ) 0 D
Common Stock 04/23/2019 S 77,610 D $ 125.74 ( 5 ) 599,956 I Held by TKM II, Ltd. ( 6 )
Common Stock 15,381.4 I 401(k) and Profit Sharing Plan ( 7 )
Common Stock 99,411 I Held by TKM, Ltd. ( 8 )
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) ( 9 ) $ 110.72 04/23/2019 M 27,500 ( 10 ) 04/29/2025 Common Stock 27,500 $ 0 114,751 D
Stock Option (Right to Buy) ( 9 ) $ 107.5054 ( 11 ) 04/23/2019 M 83,717 ( 11 ) ( 10 ) 04/30/2024 Common Stock 83,717 $ 0 0 D
Stock Option (Right to Buy) ( 9 ) $ 110.72 04/24/2019 M 114,751 ( 10 ) 04/29/2025 Common Stock 114,751 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FALK THOMAS J
P.O. BOX 619100
DALLAS, TX75261-9100
X Executive Chairman
Signatures
/s/ Jeffrey S. McFall as attorney-in-fact for Thomas J. Falk 04/25/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction was executed in multiple trades at prices ranging from $129.00 to $129.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 2 )This transaction was executed in multiple trades at prices ranging from $126.00 to $126.75. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 3 )This transaction was executed in multiple trades at prices ranging from $124.37 to $124.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 4 )This transaction was executed in multiple trades at prices ranging from $124.74 to $125.74. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 5 )This transaction was executed in multiple trades at prices ranging from $125.42 to $126.16. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 6 )TKM II, Ltd. is a family limited partnership which is owned by (i) an entity controlled by the reporting person and his spouse as general partner, and (ii) the reporting person and his spouse as limited partners.
( 7 )Shares are held by the trustee of the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan and beneficially owned by the reporting person as of recent practicable date.
( 8 )TKM, Ltd. is a family limited partnership which is owned by (i) an entity controlled by the reporting person and his spouse as general partner and (ii) two family trusts previously established for the benefit of the reporting person's son as limited partners.
( 9 )Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
( 10 )Stock options are fully vested and exercisable
( 11 )All historical share and stock option exercise price data in this Form 4 have been adjusted to reflect the Corporation's spin-off of its wholly owned subsidiary Halyard Health, Inc. on October 31, 2014. The adjustments were made to preserve the intrinsic value of the reporting person's stock options existing prior to the spin-off.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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