SEC Form 4 · accession 0001225208-15-004169
KIMBERLY CLARK CORP · KMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Buthman
Officer — Senior VP & CFO
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 11:47 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000055785
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2014 | G | 5,000 | $0.00 | D | 105,882 | D | |
| Common Stock | Feb 12, 2015 | M | 24,489 | $62.0706 | A | 130,371 | D | |
| Common StockF2 | Feb 12, 2015 | S | 24,489 | $109.6717 | D | 105,882 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F4,F5 | $62.0706 | Feb 12, 2015 | M | 24,489 | D | — | Apr 26, 2021 | Common Stock | 24,489 | 0 | D |
Explanation of responses
- F1Gift to charitable organization of shares owned by reporting person. The reporting person received no consideration for the transfer of the shares.
- F2This transaction was executed in multiple trades at prices ranging from $109.43 to $110.08. 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.
- F3Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
- F4All 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.
- F5The stock options were granted on April 26, 2011 and are fully vested and exercisable.