SEC Form 4 · accession 0001225208-16-038253
KIMBERLY CLARK CORP · KMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J. Mielke
Officer — SVP - General Counsel
Period of report
Aug 22, 2016
Accepted (ET)
Aug 23, 2016 · 2:59 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 Stock | Aug 22, 2016 | M | 9,000 | $75.2203 | A | 33,557 | D | |
| Common Stock | Aug 22, 2016 | S | 2,946 | $127.3527 | D | 30,611 | D | |
| Common Stock | Aug 22, 2016 | S | 9,000 | $127.3748 | D | 21,611 | D | |
| Common StockF1 | holding | — | — | — | 1,172 | I | By Wife |
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)F2,F3,F4 | $75.2203 | Aug 22, 2016 | M | 9,000 | D | — | May 2, 2022 | Common Stock | 9,000 | 17,894 | D |
Explanation of responses
- F1Shares 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.
- F2Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
- F3All 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.
- F4In 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.