SEC Form 4 · accession 0000899243-16-019645
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
May 9, 2016
Accepted (ET)
May 11, 2016 · 11:16 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 9, 2016 | M | 25,290 | $33.08 | A | 185,730 | D | |
| Common StockF1 | May 9, 2016 | S | 25,290 | $75.05 | D | 160,440 | D | |
| Common Stock | May 10, 2016 | M | 13,110 | $33.08 | A | 173,550 | D | |
| Common StockF2 | May 10, 2016 | S | 13,110 | $75.38 | D | 160,440 | D | |
| Common Stock | holding | — | — | — | 2,352 | 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)F3 | $33.08 | May 9, 2016 | M | 25,290 | D | Oct 30, 2010 | Oct 29, 2017 | Common Stock | 25,290 | 13,110 | D |
| Employee Stock Option (right to buy)F3 | $33.08 | May 10, 2016 | M | 13,110 | D | Oct 30, 2010 | Oct 29, 2017 | Common Stock | 13,110 | 0 | 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 $75.00 to $75.22. 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 (1) and (2) to this Form 4.
- 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 $75.00 to $75.97.
- 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.