William Thomas Jr. McLain Form 3 EASTMAN CHEMICAL / William Thomas Jr. McLain ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

McLain William Thomas Jr.

(Last) (First) (Middle)

200 S. WILCOX DRIVE

(Street)

KINGSPORT TN 37660

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/28/2020

3. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [ EMN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr. VP, CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	13,762	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	02/28/2021(1)	02/27/2030	Common Stock	29,025	61.51	D
Employee Stock Option (right to buy)	02/28/2020(2)	02/27/2029	Common Stock	5,513	82.69	D
Employee Stock Option (right to buy)	02/26/2019(3)	02/25/2028	Common Stock	5,167	104.21	D
Employee Stock Option (right to buy)	02/28/2020	02/27/2027	Common Stock	15,468	80.25	D
Employee Stock Option (right to buy)	02/26/2019	02/25/2026	Common Stock	3,013	65.16	D
Employee Stock Option (right to buy)	02/27/2018	02/26/2025	Common Stock	1,963	74.46	D

Explanation of Responses:

1. One-third of option becomes exercisable on each of February 28, 2021, February 28, 2022, and February 28, 2023.

2. One-third of option became exercisable on February 28, 2020 and one-third of option becomes exercisable on each of February 28, 2021 and February 28, 2022.

3. One-third of option became exercisable on February 26, 2019 and February 26, 2020, respectively and one-third of option becomes exercisable on February 26, 2021.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Brian L. Henry, by Power of Attorney	03/02/2020
	** Signature of Reporting Person	Date
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 5 (b)(v).
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