SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lindsay Ronald Carter

(Last)

(First)

(Middle)

200 SOUTH WILCOX DRIVE

(Street)

KINGSPORT

37660

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2006

3. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [ EMN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP & Chief Technology Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	280⁽¹⁾	D
Common Stock	453	I	ESOP
Common Stock	196	I	401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	08/01/1998	07/31/2006	Common Stock	400	$53	D
Employee Stock Option (right to buy)	08/04/1999	08/03/2007	Common Stock	1,150	$60.18	D
Employee Stock Option (right to buy)	08/06/2000	08/05/2008	Common Stock	1,250	$56.87	D
Employee Stock Option (right to buy)	04/07/2002	04/06/2010	Common Stock	4,400	$46.06	D
Employee Stock Option (right to buy)	04/06/2003	04/05/2011	Common Stock	4,400	$49.22	D
Employee Stock Option (right to buy)	04/05/2004	04/04/2012	Common Stock	4,400	$47.55	D
Employee Stock Option (right to buy)	04/04/2005	04/03/2013	Common Stock	1,000	$29.9	D
Employee Stock Option (right to buy)	⁽²⁾	04/01/2014	Common Stock	2,500	$43.66	D
Employee Stock Option (right to buy)	⁽³⁾	11/01/2014	Common Stock	5,100	$46.98	D
Employee Stock Option (right to buy)	⁽⁴⁾	10/31/2015	Common Stock	15,000	$53.51	D
Phantom Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	1,642	$0⁽⁵⁾	D

Explanation of Responses:

1. All shares held jointly with spouse.

2. One third of option became exercisable on April 2, 2005, and one third become exercisable on each of April 2, 2006 and 2007.

3. One third of option became exercisable on November 2, 2005, and one third become exercisable on each of November 1, 2006 and 2007.

4. One third of option become exercisable on each of November 1, 2006, 2007, and 2008.

5. Phantom stock units credited under the Executive Deferred Compensation Plan, each having a value equal to one share of issuer common stock and payable only in cash and, subject to certain acceleration and early withdrawal provisions, after termination of employment.

	Brian L. Henry by Power of Attorney	04/11/2006
	** 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 5 (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.