SEC Form 4 · accession 0001225208-17-008790
KIMBERLY CLARK CORP · KMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra MacQuillan
Officer — SVP Chief Supply Chain Officer
Period of report
Apr 29, 2017
Accepted (ET)
May 2, 2017 · 1:37 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,F2 | Apr 29, 2017 | M | 3,257 | $0.00 | A | 5,364 | D | |
| Common Stock | Apr 29, 2017 | F | 1,562 | $129.75 | D | 3,802 | D | |
| Common Stock | May 1, 2017 | M | 5,081 | $110.72 | A | 8,883 | D | |
| Common StockF4 | May 1, 2017 | S | 5,081 | $129.82 | D | 3,802 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share Units 04/29/2015 (w/dividends reinvested)F1,F2,F5 | $0.00 | Apr 29, 2017 | M | 3,257 | D | — | — | Common Stock | 3,257 | 9,773 | D |
| Stock Option (Right to Buy)F6,F7 | $110.72 | May 1, 2017 | M | 5,081 | D | — | Apr 29, 2025 | Common Stock | 5,081 | 6,774 | D |
Explanation of responses
- F1Represents restricted share units that have vested and are paid out in shares of common stock.
- F2Represents restricted share units, payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan. Additional restricted share units are accrued based on dividends paid on the Corporation's Common Stock.
- F3This transaction represents the automatic surrender of shares to the issuer upon vesting of restricted share units to satisfy the reporting person's tax withholding obligations.
- F4This transaction was executed in multiple trades at prices ranging from $129.82 to $129.84. 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.
- F5The restricted share units vest in one-fifth increments on each of the first through fifth anniversaries of the grant date.
- F6Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
- F7The option vests in three annual installments of 30%, 30% and 40%, beginning on April 29, 2016.