SEC Form 4 · accession 0000899243-17-005926
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
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 9:24 am 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 28, 2017 | M | 3,000 | $39.84 | A | 17,831 | D | |
| Common Stock | Feb 28, 2017 | S | 3,000 | $79.57 | D | 14,831 | D | |
| Common StockF1 | Feb 28, 2017 | S | 5,000 | $79.55 | D | 9,831 | D | |
| Common Stock | holding | — | — | — | 40 | I | By ESOP | |
| Common Stock | holding | — | — | — | 2,036 | 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)F2 | $39.84 | Feb 28, 2017 | M | 3,000 | D | Nov 2, 2013 | Nov 1, 2020 | Common Stock | 3,000 | 0 | D |
| Restrictive Stock UnitsF3,F4 | — | Feb 28, 2017 | A | 2,550 | A | — | — | Common Stock | 2,550 | 2,550 | D |
| Employee Stock Option (right to buy)F5 | $80.25 | Feb 28, 2017 | A | 8,075 | A | Feb 28, 2018 | Feb 27, 2027 | Common Stock | 8,075 | 8,075 | 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 $79.50 to $79.70. 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 this footnote (1).
- 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.
- F3Each restricted stock unit represents a contingent right to receive one share of issuer common stock.
- F4The restricted stock units will vest and payout in unrestricted shares of Company stock on February 28, 2020, subject to Mr. King's continued employment.
- F5One-third of the option becomes exercisable on February 28, 2018, February 28, 2019, and February 28, 2020, respectively.