Lucian Boldea - May 7, 2021 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role: Executive VP
Signature: Brian L. Henry, by Power of Attorney
Stock symbol: EMN
Transactions as of: May 7, 2021
Transactions value $: -$889,095
Form type: 4
Date filed: 5/11/2021, 09:31 AM
Next filing: Feb 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMN	Common Stock	Options Exercise	$863K	+14K	+72.16%	$61.51	33.5K	May 7, 2021	Direct
transaction	EMN	Common Stock	Sale	-$1.75M	-14K	-41.91%	$124.89	19.4K	May 7, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EMN	Employee Stock Option (right to buy)	Options Exercise	$0	-14K	-33.33%	$0.00	28.1K	May 7, 2021	Common Stock	14K	$61.51	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple broker's transactions at various prices per share ranging from $124.38 to $125.29. The reporting person undertakes to provide to the issuer, any stockholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).
F2	One-third of the option became exercisable on February 28, 2021 and one-third of the option becomes exercisable on February 28, 2022 and February 28, 2023, respectively.

Content

Average weighted sale price for shares disposed of in the reported transaction. The shares were sold in multiple broker's transactions at various prices per share ranging from $124.38 to $125.29. The reporting person undertakes to provide to the issuer, any stockholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).

One-third of the option became exercisable on February 28, 2021 and one-third of the option becomes exercisable on February 28, 2022 and February 28, 2023, respectively.