FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Melucci Jeffrey P.
2. Issuer Name and Ticker or Trading Symbol

KIMBERLY CLARK CORP [ KMB ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP - General Counsel
(Last)          (First)          (Middle)

P.O. BOX 619100
3. Date of Earliest Transaction (MM/DD/YYYY)

8/29/2019
(Street)

DALLAS, TX 75261-9100
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  8/29/2019    M    9910.0000  A $126.1300  17304.0000  D   
Common Stock  8/29/2019    M    9024.0000  A $103.0600  26328.0000  D   
Common Stock  8/29/2019    M    7905.0000  A $132.8200  34233.0000  D   
Common Stock  8/29/2019    S    9849.0000  D $141.9790 (1) 24384.0000  D   
Common Stock  8/29/2019    S    16990.0000  D $140.7000 (2) 7394.0000  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (3) $132.8200  8/29/2019    M        7905.0000    (4) 4/25/2027  Common Stock  7905.0000  $0.0000  5271.0000  D   
Stock Option (Right to Buy) (3) $126.1300  8/29/2019    M        9910.0000    (5) 5/3/2026  Common Stock  9910.0000  $0.0000  0.0000  D   
Stock Option (Right to Buy) (3) $103.0600  8/29/2019    M        9024.0000    (4) 5/9/2028  Common Stock  9024.0000  $0.0000  21056.0000  D   

Explanation of Responses:
(1)  This transaction was executed in multiple trades at prices ranging from $141.58 to $142.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(2)  This transaction was executed in multiple trades at prices ranging from $140.43 to $141.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(3)  Employee stock option granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan.
(4)  In general, no option may be exercised until one year after it has been granted; after the end of one year, it may be exercised as to 30 percent or less of the total shares subject to options, after the end of the second year, an additional 30 percent, and after the end of the third year, all options may be exercised.
(5)  Stock options are fully vested and exercisable

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Melucci Jeffrey P.
P.O. BOX 619100
DALLAS, TX 75261-9100


SVP - General Counsel

Signatures
Jeffrey S. McFall as attorney-in-fact for Jeffrey P. Melucci 8/30/2019
**Signature of Reporting Person Date


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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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