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
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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 *

Bauer Joanne B
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)
President, K-C Healthcare
(Last)          (First)          (Middle)

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

4/29/2012
(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   4/30/2012     M    13912.0000   A $71.8800   35210.0000   D    
Common Stock   4/30/2012     M    13438.0000   A $49.6100   48648.0000   D    
Common Stock   4/30/2012     M    12989.0000   A $61.5900   61637.0000   D    
Common Stock   4/30/2012     M    10169.0000   A $63.1413   71806.0000   D    
Common Stock   4/30/2012     S    6803.0000   D $78.3876   65003.0000   D    
Common Stock   4/30/2012     S    50508.0000   D $78.3765   14495.0000   D    
Common Stock   4/29/2012     A    1584.0000   (1) A $0.0000   1758.0250   I   By Spouse  
Common Stock   4/29/2012     F (2)    515.0000   D $78.6800   1243.0250   I   By Spouse  
Common Stock   4/30/2012     M    6678.0000   A $71.8800   7921.0250   I   By Spouse  
Common Stock   4/30/2012     M    2520.0000   A $49.6100   10441.0250   I   By Spouse  
Common Stock   4/30/2012     S    9198.0000   D $78.4170   1243.0250   I   By Spouse  
Common Stock   5/1/2012     S    1069.0000   D $78.6750   174.0250   I   By Spouse  
Common Stock                  7495.1000   I   401(k) and Profit Sharing Plan   (3)

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)   $71.8800   4/30/2012     M         13912.0000      (4) 4/25/2017   Common Stock   13912.0000   $0.0000   0.0000   D    
Stock Option (Right to Buy)   $63.1413   4/30/2012     M         10169.0000      (5) 4/28/2014   Common Stock   10169.0000   $0.0000   0.0000   D    
Stock Option (Right to Buy)   $61.5900   4/30/2012     M         12989.0000      (6) 4/28/2015   Common Stock   12989.0000   $0.0000   0.0000   D    
Stock Option (Right to Buy)   $49.6100   4/30/2012     M         13438.0000      (7) 4/29/2019   Common Stock   13438.0000   $0.0000   0.0000   D    
Stock Option (Right to Buy)   $71.8800   4/30/2012     M         6678.0000      (4) 4/25/2017   Common Stock   6678.0000   $0.0000   0.0000   I   By Spouse  
Stock Option (Right to Buy)   $49.6100   4/30/2012     M         2520.0000      (7) 4/29/2019   Common Stock   2520.0000   $0.0000   0.0000   I   By Spouse  

Explanation of Responses:
( 1)  Represents performance-based restricted share units that have vested and are paid out in shares of common stock.
( 2)  This transaction represents the automatic surrender of shares to the issuer upon vesting of performance-based restricted shares units to satisfy the tax withholding obligations of the reporting person's spouse.
( 3)  Shares are held by the trustee of the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan and beneficially owned by the reporting person as of recent practicable date.
( 4)  Stock option granted on April 25, 2007 and is fully vested and exercisable.
( 5)  Stock option granted on April 28, 2004 and is fully vested and exercisable.
( 6)  Stock option granted on April 28, 2005 and is fully vested and exercisable.
( 7)  Stock option granted on April 29, 2009 and is fully vested and exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bauer Joanne B
1400 HOLCOMB BRIDGE ROAD
ROSWELL, GA 30076-2199


President, K-C Healthcare

Signatures
/s/ Steve W. Milton as attorney-in-fact for Joanne B. Bauer 5/1/2012
** 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.