SEC Form 4 · accession 0000899243-16-019356
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott V. King
Officer — CAO & Controller
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 9:49 am EDT
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 Stock | May 4, 2016 | M | 8,000 | $39.84 | A | 25,852 | D | |
| Common Stock | May 4, 2016 | S | 8,000 | $75.48 | D | 17,852 | D | |
| Common StockF1 | May 4, 2016 | S | 4,000 | $75.47 | D | 13,852 | D | |
| Common Stock | holding | — | — | — | 39 | I | By ESOP | |
| Common StockF2 | holding | — | — | — | 1,999 | 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 | $39.84 | May 4, 2016 | M | 8,000 | D | Nov 2, 2013 | Nov 1, 2020 | Common Stock | 8,000 | 3,000 | D |
Explanation of responses
- F1Average 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 $75.47 to $75.48. 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.
- F2Includes 4 shares acquired since February 19, 2016 resulting from company contribution and from automatic reinvestment of dividends.
- 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.