Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Chung Michael HK
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2011		 3. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [EMN]
(Last)
(First)
(Middle)
200 S. WILCOX DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Chief Int'l Vent. Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

KINGSPORT, TN 37660		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 4,786
D
 
Common Stock 1,190
I
By 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 10/31/2009 10/30/2016 Common Stock 3,067 $ 60.92 D  
Employee Stock Option (Right to Buy) 10/30/2010 10/29/2017 Common Stock 2,600 $ 66.15 D  
Employee Stock Option (Right to Buy) 10/28/2011 10/27/2018 Common Stock 934 $ 36.6 D  
Employee Stock Option (Right to Buy) 10/27/2010(1) 10/26/2019 Common Stock 4,550 $ 55.63 D  
Employee Stock Option (Right to Buy) 11/02/2011(2) 11/01/2020 Common Stock 3,400 $ 79.68 D  
Restricted Stock Units 01/01/2013 01/01/2013 Common Stock 2,000 $ (3) D  
Restricted Stock Units 01/01/2014 01/01/2014 Common Stock 5,730 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chung Michael HK
200 S. WILCOX DRIVE
KINGSPORT, TN 37660		       SVP, Chief Int'l Vent. Officer  

Signatures

Brian L. Henry by Power of Attorney 01/11/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) One-third of option became exercisable on October 27, 2010 and one-third of option becomes exercisable on each of October 27, 2011 and October 27, 2012.
(2) One-third of option becomes exercisable on each of November 2, 2011, November 2, 2012, and November 2, 2013.
(3) Each restricted stock unit represents a contingent right to receive one share of issuer common stock.
 
Remarks:
Exhibit 24 - Power of Attorney

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