KIMBERLY CLARK CORP — Director's Dealing 2014

Nov 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIMBERLY CLARK CORP (KMB)
CIK: 0000055785
Period of Report: 2014-10-31

Reporting Person: DECHERD ROBERT W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-31	Restricted Share Units	$	A	1365.4480	Acquired		Common Stock (1365.4480)	Direct

Footnotes

F1: Represents restricted share units, payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation 2011 Outside Directors' Compensation Plan. The restricted share units may not be sold or transferred until the reporting person ceases to be a member of the Corporation's Board of Directors.

F2: Represents additional restricted share units accrued based upon the value of the Halyard Health, Inc. common stock that would have been distributed upon the Corporation's spin-off of Halyard had the reporting person's restricted share units been vested. The accrual was made to preserve the intrinsic value of the reporting person's restricted share units existing prior to the spin-off.