KIMBERLY CLARK CORP — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIMBERLY CLARK CORP (KMB)
CIK: 0000055785
Period of Report: 2011-01-26

Reporting Person: FALK THOMAS J (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-26	Common Stock	M	66736.0000	$59.9749	Acquired	66736.0000	Direct
2011-01-26	Common Stock	S	66736.0000	$65.3072	Disposed	0.0000	Direct
2011-01-27	Common Stock	M	238341.0000	$59.9749	Acquired	238341.0000	Direct
2011-01-27	Common Stock	S	238341.0000	$65.1246	Disposed	0.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-26	Stock Option (Right to Buy)	$59.9749	M	66736.0000	Disposed	2012-02-17	Common Stock (66736.0000)	Direct
2011-01-27	Stock Option (Right to Buy)	$59.9749	M	238341.0000	Disposed	2012-02-17	Common Stock (238341.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12025.6600	Indirect
Common Stock	321837.0000	Indirect
Common Stock	39207.0000	Indirect

Footnotes

F1: Shares are held by the trustee of the Kimberly-Clark Coporation 401(k) and Profit Sharing Plan and beneficially owned by the reporting person as of recent practicable date.

F2: TKM II, Ltd. is a family limited partnership which is owned by (i) an entity owned by a Trust, controlled by the reporting person and his spouse as general partner, and (ii) a Trust controlled by the reporting person and his spouse as limited partners.

F3: TKM, Ltd. is a family limited partnership which is owned by (i) an entity owned by a Trust, controlled by the reporting person and his spouse as general partner, (ii) a Trust controlled by the reporting person and his spouse as limited partners, and iii) two family trusts previously established for the benefit of the reporting person's son as limited partners.

F4: Stock option granted on February 18, 2002 and fully vested and exercisable.