SEC Form 4 · accession 0001225208-17-007745
KIMBERLY CLARK CORP · KMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sergio Cruz
Officer — President, Latin America
Period of report
Feb 23, 2017
Accepted (ET)
Apr 6, 2017 · 8:20 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 | Feb 23, 2017 | M | 4,045 | $107.5054 | A | 8,646 | D | |
| Common Stock | Feb 23, 2017 | M | 2,167 | $110.72 | A | 10,813 | D | |
| Common StockF1 | Feb 23, 2017 | S | 4,601 | $134.24 | D | 6,212 | D | |
| Common StockF2 | Feb 23, 2017 | S | 6,212 | $134.39 | D | 0 | 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 | $110.72 | Feb 23, 2017 | M | 2,167 | D | — | Apr 29, 2025 | Common Stock | 2,167 | 5,058 | D |
| Stock Option (Right to Buy)F3,F5,F6 | $107.5054 | Feb 23, 2017 | M | 4,045 | D | — | Apr 30, 2024 | Common Stock | 4,045 | 2,699 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $134.21 to $134.26. 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.
- F2This transaction was executed in multiple trades at prices ranging from $134.39 to $134.41. 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.
- F4The option vests in three annual installments of 30%, 30% and 40%, beginning on April 29, 2016.
- F5All 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.
- F6The option vests in three annual installments of 30%, 30% and 40%, beginning on April 30, 2015.