SEC Form 4 · accession 0000899243-17-002911
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis E Espeland
Officer — EVP & CFO
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 1:25 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 Stock | Feb 3, 2017 | M | 17,100 | $33.08 | A | 93,771 | D | |
| Common StockF1 | Feb 3, 2017 | S | 17,100 | $78.00 | D | 76,671 | D | |
| Common Stock | holding | — | — | — | 1,753 | 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)F2 | $33.08 | Feb 3, 2017 | M | 17,100 | D | Oct 30, 2010 | Oct 29, 2017 | Common Stock | 17,100 | 0 | D |
Explanation of responses
- F1Average weighted price for shares disposed of in the reported transaction. The shares were sold in multiple brokered transactions at various prices from $78.00 to $78.01 per share. The reporting person undertakes to provide the issuer, or the staff of the Securities & Exchance Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth.
- F2The 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.