Statement of Changes of Beneficial Ownership


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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FALK THOMAS J
2. Issuer Name and Ticker or Trading Symbol

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

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman of the Board and CEO
(Last)          (First)          (Middle)

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

10/23/2009
(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   10/23/2009     M    142369   A $51.995   142369   D    
Common Stock   10/23/2009     S    4827   D $61.3049   (1) 137542   D    
Common Stock   10/23/2009     S    137542   D $62.1412   (2) 0   D    
Common Stock   10/23/2009     M    61015   A $51.995   100222   I   Held by TKM, Ltd.   (3)
Common Stock   10/23/2009     S    61015   D $62.2082   (4) 39207   I   Held by TKM, Ltd.   (3)
Common Stock                  291205   I   Held by TKM II, Ltd.   (5)
Common Stock                  11574.92   I   Incentive Investment Plan   (6)

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)   $51.995   10/23/2009     M         142369      (7) 2/20/2010   Common Stock   142369   $0   0   D    
Stock Option (Right to Buy)   $51.995   10/23/2009     M         61015      (7) 2/20/2010   Common Stock   61015   $0   0   I   Held by TKM, Ltd.   (3)

Explanation of Responses:
( 1)  This transaction was executed in multiple trades at prices ranging from $61.26 to $61.33. 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 $61.89 to $62.59. 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)  TKM, Ltd. is a family limited partnership which is owned by (i) an entity owned by a Trust, controlled by the reporting person and his spouse as general partner, (ii) a Trust controlled by the reporting person and his spouse as limited partners, and iii) two family trusts previously established for the benefit of the reporting person's son as limited partners.
( 4)  This transaction was executed in multiple trades at prices ranging from $61.90 to $62.59. 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.
( 5)  TKM II, Ltd. is a family limited partnership which is owned by (i) an entity owned by a Trust, controlled by the reporting person and his spouse as general partner, and (ii) a Trust controlled by the reporting person and his spouse as limited partners.
( 6)  Held by the Trustee of the Kimberly-Clark Corporation Incentive Investment Plan and beneficially owned by the reporting person as of recent practicable date.
( 7)  Stock option granted on February 21, 2000 and fully vested and exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FALK THOMAS J
P.O. BOX 619100
DALLAS, TX 75261-9100
X
Chairman of the Board and CEO

Signatures
/s/ Steve W. Milton as attorney-in-fact for Thomas J. Falk 10/26/2009
** 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 control number.