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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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 *

Spencer Jan BC
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)
SVP, Continuous Improvement
(Last)          (First)          (Middle)

1400 HOLCOMB BRIDGE ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

4/17/2012
(Street)

ROSWELL, GA 30076-2199
(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   4/17/2012     M (1)    26046.0000   A $63.9900   62511.9178   D    
Common Stock   4/17/2012     M (1)    9832.0000   A $61.0200   72343.9178   D    
Common Stock   4/17/2012     S (1)    35878.0000   D $75.0000   36465.9178   (2) D    

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)   $63.9900   4/17/2012     M   (1)       26046.0000      (3) 4/23/2018   Common Stock   26046.0000   $0.0000   0.0000   D    
Stock Option (Right to Buy)   $61.0200   4/17/2012     M   (1)       9832.0000      (4) 4/28/2020   Common Stock   9832.0000   $0.0000   22944.0000   D    

Explanation of Responses:
( 1)  Transaction was made pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person that began on December 1, 2011.
( 2)  Includes 39.923 shares held in the Kimberly-Clark Corporation Dividend Reinvestment Program as of recent practicable date.
( 3)  Stock option granted on April 23, 2008 and fully vested and exercisable.
( 4)  Stock option granted April 28 2010. 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
Spencer Jan BC
1400 HOLCOMB BRIDGE ROAD
ROSWELL, GA 30076-2199


SVP, Continuous Improvement

Signatures
/s/ Steve W. Milton as attorney-in-fact for Jan B.C. Spencer 4/19/2012
** 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.