SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ghory Gustavo Lopez

(Last) (First) (Middle)
P.O. BOX 619100

(Street)
DALLAS TX 75261-9100

(City) (State) (Zip)
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)
Chief Supply Chain Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2020
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Restricted Share Units 07/31/2020 (w/dividends reinvested) $0.0000(1) 07/31/2020 A 3,289 (2) (2) Common Stock 3,289 $0.0000(1) 3,289 D
Stock Option (Right to Buy)(3) $152.04 07/31/2020 A 16,443 (4) 07/31/2030 Common Stock 16,443 $0.0000 16,443 D
Explanation of Responses:
1. Represents time-based restricted share units payable on a 1-for-1 basis, granted under the Kimberly-Clark Corporation 2011 Equity Participation Plan. Additional restricted share units are accrued based on dividends paid on the Corporation's common stock.
2. The restricted share units vest in one-half increments on each of the first and second anniversaries of the grant 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.
Remarks:
ghorypoa.txt
Jeffrey S. McFall as attorney-in-fact for Gustavo L. Ghory 08/03/2020
** 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 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 Number.
POWER OF ATTORNEY
           KNOW ALL MEN BY THESE PRESENTS, that the undersigned does hereby
constitute and appoint Jeffrey P. Melucci, Jeffrey S. McFall and Grant B. McGee,
  and each of them, with full power to act alone, as true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for and in the undersigned's name, place and stead, in any and all capacities,
to execute and acknowledge Form 144 under the Securities Act of 1933, as amended
  (the "Securities Act"), and Rule 144 thereunder, and Forms 3, 4 and 5 pursuant
  to Section 16(a) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and the rules and regulations thereunder, any amendments to
such forms, and any and all other documents (and amendments thereto), including,
  without limitation, Form ID, necessary or desirable to facilitate the filing
by the undersigned of Form 144 and forms under Section 16(a) of the Exchange
Act, with respect to securities of Kimberly-Clark Corporation (the "Company"),
and to deliver and file the same with all exhibits thereto, and all other
documents in connection therewith, to and with the Securities and Exchange
Commission, the national securities exchanges and the Company, granting unto
said attorneys-in-fact and agents, and each of them, full power and authority to
  do and perform each and every act and thing requisite and necessary to be
done, as fully to all intents and purposes as the undersigned might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents or any one of them, or the undersigned's substitute or their substitutes,
  lawfully do or cause to be done by virtue hereof.  The undersigned agrees that
  each of the attorneys-in-fact herein may rely entirely on information
furnished orally or in writing by the undersigned to such attorney-in-fact.
           The validity of this Power of Attorney shall not be affected in any
manner by reason of the execution, at any time, of other powers of attorney by
the undersigned in favor of persons other than those named herein.
            This Power of Attorney shall continue in full force and effect until
  the undersigned is no longer required to file Form 3, Form 4, Form 5 or Form
144 with regard to ownership of or transactions in securities of the Company,
unless earlier revoked in writing.  The undersigned acknowledges that the
foregoing attorneys-in-fact are not assuming any of the undersigned's
responsibilities to comply with Rule 144 under the Securities Act or Section 16
of the Exchange Act.
            IN WITNESS WHEREOF, I have hereunto set my hand effective this 11th
day of May, 2020.



      _/s/ Gustavo Lopez Ghory
	                                                             Gustavo Lopez
Ghory




\\\DC - 57385/2 - #1301253 v1



\\\DC - 57385/2 - #1301253 v1