SEC Form 4 · accession 0001225208-15-011339
KIMBERLY CLARK CORP · KMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly K Underhill
Officer — President, KCP
Period of report
May 2, 2015
Accepted (ET)
May 5, 2015 · 8:46 pm EDT
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 | May 2, 2015 | A | 6,090 | $0.00 | A | 22,520 | D | |
| Common Stock | May 2, 2015 | F | 2,032 | $111.04 | D | 20,488 | D | |
| Common Stock | May 4, 2015 | M | 9,306 | $75.2203 | A | 29,794 | D | |
| Common StockF3 | May 4, 2015 | S | 9,306 | $111.1655 | D | 20,488 | D | |
| Common StockF4 | holding | — | — | — | 2,195 | I | 401(k) and Profit Sharing Plan |
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)F5,F6 | $75.2203 | May 4, 2015 | M | 9,306 | D | — | May 2, 2022 | Common Stock | 9,306 | 0 | D |
Explanation of responses
- F1Represents performance-based restricted share units that vested and are paid out in common stock.
- F2This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units to satisfy the reporting person's tax withholding obligations.
- F3This transaction was executed in multiple trades at prices ranging from $111.15 to $111.23. 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.
- F4Shares 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.
- F5Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
- F6The stock options were granted on May 02, 2012 and are fully vested and exercisable.