Ownership Submission
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

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 *
LEE THERESA K
  2. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [EMN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, CLO and Corp Secretary
(Last)
(First)
(Middle)
EASTMAN CHEMICAL COMPANY, 100 N. EASTMAN ROAD
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2005
(Street)

KINGSPORT, TN 37660-5075
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 05/11/2005   M   1,100 A $ 53 12,179 D  
Common Stock 05/11/2005   S   1,100 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   8,700 A $ 42.125 19,779 D  
Common Stock 05/11/2005   S   8,700 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   850 A $ 56.875 11,929 D  
Common Stock 05/11/2005   S   850 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   1,700 A $ 45.8125 12,779 D  
Common Stock 05/11/2005   S   1,700 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   6,200 A $ 46.0625 17,279 D  
Common Stock 05/11/2005   S   6,200 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   8,800 A $ 49.22 19,879 D  
Common Stock 05/11/2005   S   8,800 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   2,250 A $ 43.66 13,329 D  
Common Stock 05/11/2005   S   2,250 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   15,603 A $ 29.9 26,682 D  
Common Stock 05/11/2005   S   15,603 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   2,300 A $ 50.11 13,379 D  
Common Stock 05/11/2005   S   2,300 D $ 58.9234 (1) 11,079 D  
Common Stock 05/11/2005   M   693 A $ 44.2 11,772 D  
Common Stock 05/11/2005   S   693 D $ 58.9234 (1) 11,079 D  
Common Stock               737 I ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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
Employee Stock Option (right to buy) $ 53 05/11/2005   M     1,100 08/01/1998 07/31/2006 Common Stock 1,100 $ 0 0 D  
Employee Stock Option (right to buy) $ 42.125 05/11/2005   M     8,700 10/19/2001 10/18/2009 Common Stock 8,700 $ 0 0 D  
Employee Stock Option (right to buy) $ 56.875 05/11/2005   M     850 08/06/2000 08/05/2008 Common Stock 850 $ 0 0 D  
Employee Stock Option (right to buy) $ 45.8125 05/11/2005   M     1,700 02/16/2001 02/15/2009 Common Stock 1,700 $ 0 0 D  
Employee Stock Option (right to buy) $ 46.0625 05/11/2005   M     6,200 04/07/2002 04/06/2010 Common Stock 6,200 $ 0 0 D  
Employee Stock Option (right to buy) $ 49.22 05/11/2005   M     8,800 04/06/2003 04/05/2011 Common Stock 8,800 $ 0 0 D  
Employee Stock Option (right to buy) $ 43.66 05/11/2005   M     2,250 04/02/2005 04/01/2014 Common Stock 2,250 $ 0 4,500 D  
Employee Stock Option (right to buy) $ 29.9 05/11/2005   M     15,603 04/04/2005 04/03/2013 Common Stock 15,603 $ 0 0 D  
Employee Stock Option (right to buy) $ 50.11 05/11/2005   M     2,300 11/16/2004 04/03/2013 Common Stock 2,300 $ 0 0 D  
Employee Stock Option (right to buy) $ 44.2 05/11/2005   M     693 05/04/2004 04/03/2013 Common Stock 693 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LEE THERESA K
EASTMAN CHEMICAL COMPANY
100 N. EASTMAN ROAD
KINGSPORT, TN 37660-5075
      SVP, CLO and Corp Secretary  

Signatures

 Brian L. Henry, by Power of Attorney   05/13/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Average sales price for all shares disposed of in the reported transactions. The shares were sold in multiple brokers' transactions at prices per share ranging from $58.82 to $59.12.

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