SEC Form 4 · accession 0000899243-19-005678
EASTMAN CHEMICAL CO · EMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad A Lich
Officer — EVP & CCO
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 1:40 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 StockF1 | Feb 28, 2019 | M | 23,500 | — | A | 47,914 | D | |
| Common StockF2 | Feb 28, 2019 | F | 9,248 | $82.69 | D | 38,666 | D | |
| Common Stock | holding | — | — | — | 974 | I | By ESOP | |
| Common Stock | holding | — | — | — | 2,005 | 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 | $82.69 | Feb 28, 2019 | A | 50,336 | A | Feb 28, 2020 | Feb 27, 2029 | Common Stock | 50,336 | 50,336 | D |
| Restricted Stock UnitsF1 | — | Feb 28, 2019 | M | 23,500 | D | — | Feb 28, 2019 | Common Stock | 23,500 | 0 | D |
Explanation of responses
- F1Payout of shares underlying restricted stock units upon satisfaction of time condition to vesting.
- F2Shares of common stock withheld in satisfaction of tax liability upon vesting of restricted stock units.
- F3One-third of the option becomes exercisable on February 28, 2020, February 28, 2021, and February 28, 2022, respectively.