SEC Form 4 · accession 0000899243-16-014490
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Carter Lindsay
Officer — Chief Operating Officer
Period of report
Feb 25, 2016
Accepted (ET)
Feb 26, 2016 · 2:30 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 25, 2016 | M | 55,000 | $27.82 | A | 149,621 | D | |
| Common StockF2 | Feb 25, 2016 | S | 55,000 | $64.33 | D | 94,621 | D | |
| Common Stock | holding | — | — | — | 982 | I | By ESOP | |
| Common Stock | holding | — | — | — | 495 | I | By 401(k) Plan |
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)F3 | $27.82 | Feb 25, 2016 | M | 55,000 | D | Oct 27, 2012 | Oct 26, 2019 | Common Stock | 55,000 | 0 | D |
Explanation of responses
- F1Includes 4 shares acquired since November 24, 2015 resulting from automatic reinvestment of dividends.
- F2Average 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 $64.15 to $64.55. 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 this range.
- F3The 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.