SEC Form 4 · accession 0000899243-18-000181
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
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 11:44 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 StockF1 | Apr 17, 2017 | G | 17,415 | $0.00 | D | 63,046 | D | |
| Common StockF1 | Apr 17, 2017 | G | 17,415 | $0.00 | A | 17,415 | I | By Spouse |
| Common StockF2 | May 3, 2017 | G | 6,500 | $0.00 | D | 10,915 | I | By Spouse |
| Common StockF2 | May 3, 2017 | G | 6,500 | $0.00 | A | 6,500 | I | By Trust |
| Common StockF3 | Jan 1, 2018 | M | 18,000 | — | A | 81,046 | D | |
| Common StockF4 | Jan 1, 2018 | F | 6,068 | $94.27 | D | 74,978 | D | |
| Common Stock | holding | — | — | — | 1,415 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | — | Jan 1, 2018 | M | 18,000 | D | — | Jan 1, 2018 | Common Stock | 18,000 | 0 | D |
Explanation of responses
- F1Gift of shares by reporting person to spouse.
- F2Gift of shares by spouse of reporting person to irrevocable trust for the benefit of reporting person's son of which reporting person is trustee.
- F3Payout of shares underlying restricted stock units upon satisfaction of time and performance conditions to vesting.
- F4Shares of common stock withheld in satisfaction of tax liability upon vesting of the 18,000 restricted stock units.