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

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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^*

FALK THOMAS J

(Last)

(First)

(Middle)

P.O. BOX 619100

(Street)

DALLAS

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman of the Board and CEO

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2007

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2007		G⁽¹⁾	V	0⁽¹⁾	D	⁽¹⁾	39,207⁽²⁾	I	Held by TKM, Ltd.⁽¹⁾
Common Stock	04/01/2007		S⁽¹⁾		0⁽¹⁾	D	⁽¹⁾	39,207⁽²⁾	I	Held by TKM, Ltd.⁽¹⁾
Common Stock								10,634.4765	I	Incentive Investment Plan⁽³⁾
Common Stock								81,541	D
Common Stock								110,833	I	Held by TKM II, Ltd.⁽⁴⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy) Granted 2/21/00	⁽¹⁾	04/01/2007		G⁽¹⁾	V		0⁽¹⁾	⁽¹⁾	⁽¹⁾	Common Stock	⁽¹⁾	⁽¹⁾	61,015⁽²⁾	I	Held by TKM, Ltd.⁽¹⁾
Stock Option (Right to Buy) Granted 02/21/00	⁽¹⁾	04/01/2007		S⁽¹⁾			0⁽¹⁾	⁽¹⁾	⁽¹⁾	Common Stock	⁽¹⁾	⁽¹⁾	61,015⁽²⁾	I	Held by TKM, Ltd.⁽¹⁾
Stock Option (Right to Buy) Granted 02/22/01	⁽¹⁾	04/01/2007		G⁽¹⁾	V		0⁽¹⁾	⁽¹⁾	⁽¹⁾	Common Stock	⁽¹⁾	⁽¹⁾	33,775⁽²⁾	I	Held by TKM, Ltd.
Stock Option (Right to Buy) Granted 02/22/01	⁽¹⁾	04/01/2007		S⁽¹⁾			0⁽¹⁾	⁽¹⁾	⁽¹⁾	Common Stock	⁽¹⁾	⁽¹⁾	33,775⁽²⁾	I	Held by TKM, Ltd.

Explanation of Responses:

1. The reported securities are held by TKM, Ltd., a family limited partnership which is owned by (i) an entity owned by the reporting person and his wife as general partner, (ii) the reporting person and his wife as limited partners, and (iii) two family trusts previously established for the benefit of the reporting person's son as limited partners. As previously reported, the reporting person has periodically transferred stock options to TKM, Ltd. and some of those options have previously been exercised. On April 1, 2007, the reporting person and his wife transferred to the two family trusts, by gift and by sale, additional limited partnership interests in TKM, Ltd. As a result of these transactions, the limited partnership interests in TKM, Ltd. held by the reporting person and his wife decreased from 54% to 20% and the limited partnership interests in TKM, Ltd. held by the two family trusts in the aggregate increased from 44% to 78%.

2. There was no change in the number of securities owned by TKM, Ltd. as a result of the transfer of limited partnership interests.

3. Held by the Trustee of the Kimberly-Clark Corporation Incentive Investment Plan. Reporting person beneficially owns the shares as of recent practicable date.

4. TKM II, Ltd. is a family limited partnership which is owned by (i) an entity owned by the reporting person and his wife as general partner, and (ii) the reporting person and his wife as limited partners.

Remarks:

	John W. Wesley, as attorney-in-fact for Thomas J. Falk	04/03/2007
	** 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.