KMB Kimberly Clark Corp

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 * Powell Aaron	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) President, Asia Pacific
(Last)          (First)          (Middle) P.O. BOX 619100	3. Date of Earliest Transaction (MM/DD/YYYY) 7/30/2020
(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	7/30/2020		M		6216.0000	A	$125.4700	8707.0000	D
Common Stock	7/30/2020		M		2447.0000	A	$132.8200	11154.0000	D
Common Stock	7/30/2020		S		8663.0000	D	$151.3808 (1)	2491.0000	D
Common Stock								341.5837	I	401(k) and Profit Sharing Plan (2)

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	7/30/2020		M			2447.0000	(4)	4/25/2027	Common Stock	2447.0000	$0.0000	0.0000	D
Stock Option (Right to Buy) (3)	$125.4700	7/30/2020		M			6216.0000	(4)	5/1/2029	Common Stock	6216.0000	$0.0000	14506.0000	D

Explanation of Responses:
(1)	This transaction was executed in multiple trades at prices ranging from $151.32 to $151.56. 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)	Shares are held by the trustee of the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan and beneficially owned by the reporting person as of recent practicable date.
(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.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Powell Aaron P.O. BOX 619100 DALLAS, TX 75261-9100			President, Asia Pacific

Signatures
/s/ Jeffrey S. McFall as attorney-in-fact for Aaron Powell		8/3/2020
**Signature of Reporting Person		Date