SEC Form 4 · accession 0000899243-16-014041
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J Costa
Officer — Chief Executive Officer · Director
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 12:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000915389
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2016 | A | 8,356 | $0.00 | A | 162,726 | D | |
| Common StockF2 | Feb 19, 2016 | F | 2,286 | $62.40 | D | 160,440 | D | |
| Common Stock | Feb 19, 2016 | M | 53,132 | $30.46 | A | 213,572 | D | |
| Common StockF3 | Feb 19, 2016 | S | 53,132 | $62.78 | D | 160,440 | D | |
| Common Stock | Feb 22, 2016 | M | 2,868 | $30.46 | A | 163,308 | D | |
| Common StockF4 | Feb 22, 2016 | S | 2,868 | $63.66 | D | 160,440 | D | |
| Common Stock | holding | — | — | — | 2,341 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $30.46 | Feb 19, 2016 | M | 56,000 | D | Oct 31, 2009 | Oct 30, 2016 | Common Stock | 56,000 | 0 | D |
Explanation of responses
- F1Payout under performance shares awarded at beginning of three-year (2013-2015) performance period.
- F2Shares of common stock withheld in payment of tax liability incident to payout under performance shares.
- F3Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple broker's transactions at various prices per share ranging from $62.50 to $63.03. The reporting person undertakes to provide to the issuer, any stockholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4.
- F4Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple broker's transactions at various prices per share ranging from $63.52 to $63.74.
- F5The option exercise price was halved and the number of shares underlying the option was doubled in the October 3, 2011 2-for-1 stock split by dividend of the common stock.