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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As filed with the Securities and Exchange Commission on November&nbsp;1, 2010
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 2pt">File No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>

<DIV align="center" style="font-size: 10pt">REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</DIV>


<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>EASTMAN CHEMICAL COMPANY</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>62-1539359</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>200 South Wilcox Drive<BR>
Kingsport, Tennessee 37662</B><BR>
(Address, including zip code, of principal executive offices)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Eastman Chemical Company 2007 Omnibus Long-Term Compensation Plan</B><BR>
(Full title of the plan)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Copy to:</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Theresa K. Lee <BR>
Senior Vice President, Chief Legal Officer <BR>
and Corporate Secretary <BR>
Eastman Chemical Company <BR>
P.O. Box 431<BR>
Kingsport, Tennessee 37662-5280<BR>
(423)&nbsp;229-2000</B><BR>
(Name, address and telephone number of agent for service)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Brian L. Henry<BR>
Senior Counsel and Assistant Secretary<BR>
Eastman Chemical Company<BR>
P.O. Box 511<BR>
Kingsport, Tennessee 37662-5075<BR>
(423)&nbsp;229-2000</B>&nbsp;&nbsp;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="80%">
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<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR></TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Large accelerated filer&nbsp; &#091;X&#093;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer&nbsp;&nbsp; &#091;&nbsp;&nbsp; &#093;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Non-accelerated filer&nbsp; &#091;&nbsp;&nbsp; &#093;<BR>
(Do not check if a smaller reporting company)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smaller reporting company&nbsp;&nbsp; &#091;&nbsp;&nbsp; &#093;&nbsp;</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Securities</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount to</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">to be Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">be Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Per Share</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock,
$0.01 par value</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">4,100,000 (1)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$80.62(2)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$330,542,000(2)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$23,568</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amount to be registered consists of an aggregate of 4,100,000 shares to be issued
pursuant to the grant or exercise of awards to participants under the Eastman Chemical
Company 2007 Omnibus Long-Term Compensation Plan (the &#147;2007 Plan&#148;). This registration
statement also covers additional shares that may become issuable in accordance with the
adjustment and anti-dilution provisions of the 2007 Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Determined in accordance with Rule&nbsp;457(h), the registration fee calculation is based
on the average of the high and low prices of the Company&#146;s Common Stock reported on the
New York Stock Exchange on October&nbsp;27, 2010.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

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</DIV>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PART I </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The documents constituting Part&nbsp;I of this registration statement will be sent or given to
participants in the 2007 Plan as specified by Rule&nbsp;428(b)(1) under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Upon written or oral request, Eastman Chemical Company (the &#147;Company&#148;) will provide,
without charge, the documents incorporated by reference in Item&nbsp;3 of Part&nbsp;II of this registration
statement. The documents are incorporated by reference in the Section 10(a) prospectus. The Company
will also provide, without charge, upon written or oral request, other documents required to be
delivered to employees pursuant to Rule&nbsp;428(b). Requests for the above-mentioned information should
be directed to Brian L. Henry,  at the address and telephone number on the cover of this
registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PART II </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>INFORMATION REQUIRED IN REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, filed by the Company with the Securities and Exchange Commission (the
&#147;Commission&#148;) pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), are
incorporated herein by reference and deemed to be a part hereof:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2009;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All reports filed by the Company pursuant to Section 13(a) or 15(d) of the
Exchange Act since December&nbsp;31, 2009; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Company&#146;s Common Stock contained in the Company&#146;s
Registration Statement filed under Section&nbsp;12 of the Exchange Act, including any
amendments or reports filed for the purpose of updating such description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports and other documents subsequently filed by the Company pursuant to Section&nbsp;13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been sold or which
deregisters all securities that remain unsold will be deemed incorporated by reference in this
registration statement and to be a part hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated by reference herein and filed prior to the
filing hereof shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained herein modifies or supersedes such statement,
and any statement contained herein or in any other document incorporated by reference herein shall
be deemed to be modified or superseded for the purpose of this registration statement to the extent
that a statement contained in any other subsequently filed document which is also incorporated
herein by reference herein modifies or supersedes such statement. Any such statement so modified
or superseded shall not be deemed, except as so modified or superseded, to constitute a part of
this registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters in connection with the Common Stock covered by this registration
statement will be passed upon for the registrant by Brian L. Henry, an employee of the registrant
and its Senior Counsel and Assistant Secretary. Mr.&nbsp;Henry participates in the 2007 Plan and also
owns Shares of the registrant&#146;s Common Stock, options to purchase shares of the registrant&#146;s Common
Stock, and restricted stock units granting contingent rights to shares of the registrant&#146;s Common
Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Limitation on Liability of Directors. </I>Pursuant to authority conferred by Section&nbsp;102 of the
Delaware General Corporation Law (the &#147;DGCL&#148;), Article&nbsp;VIII of the Certificate of Incorporation of
the Company eliminates the personal liability of the Company&#146;s directors to the Company or its
stockholders for monetary damages for breach of fiduciary duty. Directors remain liable for (i)&nbsp;any
breach of the duty of loyalty to the Company or its stockholders, (ii)&nbsp;any act or omission not in
good faith or which involves intentional misconduct or a knowing violation of law, (iii)&nbsp;any
violation of Section&nbsp;174 of the DGCL, which proscribes the payment of dividends and stock purchases
or redemptions under certain circumstances, and (iv)&nbsp;any transaction from which directors derive an
improper personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VIII further provides that any future repeal or amendment of its terms will not
adversely affect any rights of directors existing thereunder with respect to acts or omissions
occurring prior to such repeal or amendment. Article&nbsp;VIII also incorporates any future amendments
to Delaware law which further eliminate or limit the liability of directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification and Insurance</I>. In accordance with Section&nbsp;145 of the DGCL, which allows and,
in some cases, requires the indemnification of directors and officers under certain circumstances,
Article&nbsp;VII of the Company&#146;s Certificate of Incorporation and certain provisions of the Company&#146;s
Bylaws grant the Company&#146;s directors and officers a right to indemnification for all expenses
relating to civil, criminal, administrative or investigative procedures to which they are a party
(i)&nbsp;by reason of the fact that they are or were directors or officers of the Company or (ii)&nbsp;by
reason of the fact that, while they are or were directors or officers of the Company, they are or
were serving at the request of the Company as directors, trustees, officers, employees or agents of
another enterprise. Section&nbsp;VI of the Bylaws further provides that an advancement for any such
expenses shall only be made upon delivery to the Company by the indemnitee of an undertaking to
repay all amounts so advanced if it is ultimately determined by final judicial decision from which
there is no further right to appeal that such indemnitee is not entitled to be indemnified under
Article&nbsp;VII or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Article&nbsp;VII provides that directors and officers therein described shall be
indemnified to the fullest extent not prohibited by Section&nbsp;145 of the DGCL, or any successor
provisions or amendments thereunder. In the event that any such successor provisions or amendments
provide indemnification rights broader than permitted prior thereto, Article&nbsp;VII allows such
broader indemnification rights to apply retroactively with respect to any predating alleged action
or inaction and also allows the indemnification to continue after an indemnitee has ceased to be a
director or officer of the corporation and to inure to the benefit of the indemnitee&#146;s heirs,
executors and administrators.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a claim for indemnification under Article&nbsp;VII is not paid in full by the Company or an
advancement of expenses is not made by the Company within a prescribed period of time and a suit is
filed in relation thereto, the Company&#146;s Bylaws entitle the indemnitee to recover the expense of
prosecuting or defending such suit, if the indemnitee is successful in whole or in part. The
Company&#146;s Bylaws also entitle the indemnitee to recover the expense of defending a suit brought by
the Company to recover an advancement of expenses pursuant to the terms of an undertaking, if the indemnitee
is successful in whole or in part. The Bylaws also entitle the Company to recover advanced expenses
upon
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">final adjudication that the indemnitee has not met the applicable standard of conduct set
forth in Section&nbsp;145 of the DGCL. Under the Bylaws, the burden of proving that the indemnitee is
not entitled to be indemnified lies with the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VII further provides that the right to indemnification is not exclusive of any other
right which any indemnitee may have or thereafter acquire under any statute, the Company&#146;s
Certificate of Incorporation or Bylaws, any agreement or vote of stockholders or disinterested
directors or otherwise, and permits, but does not require, the Company to indemnify and advance
expenses to its agents and employees to the same (or any lesser or greater) extent as directors and
officers. The Bylaws provide that the Corporation shall indemnify and advance expenses to employees
to the same extent as to directors and officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted
for directors and officers and controlling persons pursuant to the foregoing provisions, the
Company has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Bylaws authorize the Company to purchase insurance for directors, officers,
trustees, employees, or agents of the Company or another enterprise against any expense, liability
or loss, whether or not the Company would have the power to indemnify such persons against such
expense or liability under the DGCL. The Company intends to maintain insurance coverage for its
officers and directors as well as insurance coverage to reimburse the Company for potential costs
of its corporate indemnification of directors and officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;2003, the Company entered into Indemnification Agreements (the &#147;Indemnification
Agreements&#148;) with each director and certain executive officers of the Company. One of the purposes
of the Indemnification Agreements is to attempt to specify the extent to which persons entitled to
indemnification thereunder (the &#147;Indemnitees&#148;) may receive indemnification. Pursuant to the
Indemnification Agreements, an Indemnitee is entitled to indemnification for claims regarding (i)
the act or failure to act in Indemnitee&#146;s capacity as a director, officer, employee or agent of the
Company (or any other entity as to which Indemnitee is serving in such capacity at the Company&#146;s
request); (ii)&nbsp;in respect of any transaction or other activity of the Company or such other entity;
and (iii)&nbsp;Indemnitee&#146;s status as a director, officer, employee or other representative of the
Company or such other entity. The Indemnification Agreements are in addition to and are not
intended to limit any rights of indemnification which are available under the Company&#146;s Certificate
of Incorporation or Bylaws, or otherwise. In addition to the rights to indemnification specified
therein, the Indemnification Agreements are intended to increase the certainty of receipt by the
Indemnitee of the benefits to which he or she is entitled by providing specific procedures relating
to indemnification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption From Registration Claimed</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the Exhibit&nbsp;Index, which is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Company hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20&nbsp;percent change in the maximum
aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided, however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if
the information required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the Company pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration
statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned Company hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Company&#146;s annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being registered,
the Company will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(Signatures on following page)
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Company certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Kingsport, State of Tennessee, on November&nbsp;1, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>EASTMAN CHEMICAL COMPANY<BR></B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Curtis E. Espeland</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Curtis E. Espeland,&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Senior Vice President and Chief Financial Officer</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>KNOW BY ALL MEN BY THESE PRESENT, </B>that each person whose signature appears below constitutes
and appoints Curtis E. Espeland and Theresa K. Lee, and each or any one of them, as true and lawful
attorneys-in-fact and agents, with full power of substitution, for him and in his name, place and
stead, in any and all capacities, to sign any amendments (including post-effective amendments) to
this Registration Statement and to file the same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming
all that said attorney-in-fact, or their substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities and on the dates indicated:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">SIGNATURE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">TITLE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">DATE</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ James P. Rogers
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James P. Rogers</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Chief Executive Officer
and Director<BR>
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Curtis E. Espeland
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curtis E. Espeland</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Senior Vice President and
Chief Financial Officer<BR>
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Scott V. King
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scott V. King</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Vice President, Controller,
and Chief Accounting Officer<BR>
(Principal Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ J. Brian Ferguson
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. Brian Ferguson</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Executive Chairman of the Board<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">SIGNATURE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">TITLE</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">DATE</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Gary E. Anderson
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gary E. Anderson</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Michael P. Connors
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael P. Connors</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Stephen R. Demeritt
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stephen R. Demeritt</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Robert M. Hernandez
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert M. Hernandez</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Ren&#233;e J. Hornbaker
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ren&#233;e J. Hornbaker</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Lewis M. Kling
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lewis M. Kling</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Howard L. Lance
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howard L. Lance</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ Thomas H. McLain
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thomas H. McLain</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="left" nowrap valign="top">/s/ David W. Raisbeck
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;David W. Raisbeck</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director<BR>&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 1, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX<BR>
TO<BR>
REGISTRATION STATEMENT ON FORM S-8</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Brian L. Henry, Senior Counsel and Assistant
Secretary of the registrant, as to the validity of the
securities registered hereby</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">(a)</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Brian L. Henry (included in Exhibit&nbsp;5)</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
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sv8
As filed with the Securities and Exchange Commission on November 1, 2010
File No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
EASTMAN CHEMICAL COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
62-1539359
(I.R.S. Employer
Identification No.)
200 South Wilcox Drive
Kingsport, Tennessee 37662
(Address, including zip code, of principal executive offices)
Eastman Chemical Company 2007 Omnibus Long-Term Compensation Plan
(Full title of the plan)
Copy to:
Theresa K. Lee
Senior Vice President, Chief Legal Officer
and Corporate Secretary
Eastman Chemical Company
P.O. Box 431
Kingsport, Tennessee 37662-5280
(423) 229-2000
(Name, address and telephone number of agent for service)
Brian L. Henry
Senior Counsel and Assistant Secretary
Eastman Chemical Company
P.O. Box 511
Kingsport, Tennessee 37662-5075
(423) 229-2000
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer  [X]
Accelerated filer   [   ]
Non-accelerated filer  [   ]
(Do not check if a smaller reporting company)
Smaller reporting company   [   ]
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Title of Securities
Amount to
Offering Price
Aggregate
Amount of
to be Registered
be Registered
Per Share
Offering Price
Registration Fee
Common Stock,
$0.01 par value
4,100,000 (1)
$80.62(2)
$330,542,000(2)
$23,568
(1)
Amount to be registered consists of an aggregate of 4,100,000 shares to be issued
pursuant to the grant or exercise of awards to participants under the Eastman Chemical
Company 2007 Omnibus Long-Term Compensation Plan (the "2007 Plan"). This registration
statement also covers additional shares that may become issuable in accordance with the
adjustment and anti-dilution provisions of the 2007 Plan.
(2)
Determined in accordance with Rule 457(h), the registration fee calculation is based
on the average of the high and low prices of the Company's Common Stock reported on the
New York Stock Exchange on October 27, 2010.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
(a) The documents constituting Part I of this registration statement will be sent or given to
participants in the 2007 Plan as specified by Rule 428(b)(1) under the Securities Act of 1933, as
amended (the "Securities Act").
(b) Upon written or oral request, Eastman Chemical Company (the "Company") will provide,
without charge, the documents incorporated by reference in Item 3 of Part II of this registration
statement. The documents are incorporated by reference in the Section 10(a) prospectus. The Company
will also provide, without charge, upon written or oral request, other documents required to be
delivered to employees pursuant to Rule 428(b). Requests for the above-mentioned information should
be directed to Brian L. Henry,  at the address and telephone number on the cover of this
registration statement.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, filed by the Company with the Securities and Exchange Commission (the
"Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are
incorporated herein by reference and deemed to be a part hereof:
(a)
The Company's Annual Report on Form 10-K for the year ended December 31, 2009;
(b)
All reports filed by the Company pursuant to Section 13(a) or 15(d) of the
Exchange Act since December 31, 2009; and
(c)
The description of the Company's Common Stock contained in the Company's
Registration Statement filed under Section 12 of the Exchange Act, including any
amendments or reports filed for the purpose of updating such description.
All reports and other documents subsequently filed by the Company pursuant to Section 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date hereof and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been sold or which
deregisters all securities that remain unsold will be deemed incorporated by reference in this
registration statement and to be a part hereof.
Any statement contained in a document incorporated by reference herein and filed prior to the
filing hereof shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained herein modifies or supersedes such statement,
and any statement contained herein or in any other document incorporated by reference herein shall
be deemed to be modified or superseded for the purpose of this registration statement to the extent
that a statement contained in any other subsequently filed document which is also incorporated
herein by reference herein modifies or supersedes such statement. Any such statement so modified
or superseded shall not be deemed, except as so modified or superseded, to constitute a part of
this registration statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Certain legal matters in connection with the Common Stock covered by this registration
statement will be passed upon for the registrant by Brian L. Henry, an employee of the registrant
and its Senior Counsel and Assistant Secretary. Mr. Henry participates in the 2007 Plan and also
owns Shares of the registrant's Common Stock, options to purchase shares of the registrant's Common
Stock, and restricted stock units granting contingent rights to shares of the registrant's Common
Stock.
Item 6. Indemnification of Directors and Officers
Limitation on Liability of Directors.
Pursuant to authority conferred by Section 102 of the
Delaware General Corporation Law (the "DGCL"), Article VIII of the Certificate of Incorporation of
the Company eliminates the personal liability of the Company's directors to the Company or its
stockholders for monetary damages for breach of fiduciary duty. Directors remain liable for (i) any
breach of the duty of loyalty to the Company or its stockholders, (ii) any act or omission not in
good faith or which involves intentional misconduct or a knowing violation of law, (iii) any
violation of Section 174 of the DGCL, which proscribes the payment of dividends and stock purchases
or redemptions under certain circumstances, and (iv) any transaction from which directors derive an
improper personal benefit.
Article VIII further provides that any future repeal or amendment of its terms will not
adversely affect any rights of directors existing thereunder with respect to acts or omissions
occurring prior to such repeal or amendment. Article VIII also incorporates any future amendments
to Delaware law which further eliminate or limit the liability of directors.
Indemnification and Insurance
. In accordance with Section 145 of the DGCL, which allows and,
in some cases, requires the indemnification of directors and officers under certain circumstances,
Article VII of the Company's Certificate of Incorporation and certain provisions of the Company's
Bylaws grant the Company's directors and officers a right to indemnification for all expenses
relating to civil, criminal, administrative or investigative procedures to which they are a party
(i) by reason of the fact that they are or were directors or officers of the Company or (ii) by
reason of the fact that, while they are or were directors or officers of the Company, they are or
were serving at the request of the Company as directors, trustees, officers, employees or agents of
another enterprise. Section VI of the Bylaws further provides that an advancement for any such
expenses shall only be made upon delivery to the Company by the indemnitee of an undertaking to
repay all amounts so advanced if it is ultimately determined by final judicial decision from which
there is no further right to appeal that such indemnitee is not entitled to be indemnified under
Article VII or otherwise.
In addition, Article VII provides that directors and officers therein described shall be
indemnified to the fullest extent not prohibited by Section 145 of the DGCL, or any successor
provisions or amendments thereunder. In the event that any such successor provisions or amendments
provide indemnification rights broader than permitted prior thereto, Article VII allows such
broader indemnification rights to apply retroactively with respect to any predating alleged action
or inaction and also allows the indemnification to continue after an indemnitee has ceased to be a
director or officer of the corporation and to inure to the benefit of the indemnitee's heirs,
executors and administrators.
If a claim for indemnification under Article VII is not paid in full by the Company or an
advancement of expenses is not made by the Company within a prescribed period of time and a suit is
filed in relation thereto, the Company's Bylaws entitle the indemnitee to recover the expense of
prosecuting or defending such suit, if the indemnitee is successful in whole or in part. The
Company's Bylaws also entitle the indemnitee to recover the expense of defending a suit brought by
the Company to recover an advancement of expenses pursuant to the terms of an undertaking, if the indemnitee
is successful in whole or in part. The Bylaws also entitle the Company to recover advanced expenses
upon
2
final adjudication that the indemnitee has not met the applicable standard of conduct set
forth in Section 145 of the DGCL. Under the Bylaws, the burden of proving that the indemnitee is
not entitled to be indemnified lies with the Company.
Article VII further provides that the right to indemnification is not exclusive of any other
right which any indemnitee may have or thereafter acquire under any statute, the Company's
Certificate of Incorporation or Bylaws, any agreement or vote of stockholders or disinterested
directors or otherwise, and permits, but does not require, the Company to indemnify and advance
expenses to its agents and employees to the same (or any lesser or greater) extent as directors and
officers. The Bylaws provide that the Corporation shall indemnify and advance expenses to employees
to the same extent as to directors and officers.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
for directors and officers and controlling persons pursuant to the foregoing provisions, the
Company has been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.
The Company's Bylaws authorize the Company to purchase insurance for directors, officers,
trustees, employees, or agents of the Company or another enterprise against any expense, liability
or loss, whether or not the Company would have the power to indemnify such persons against such
expense or liability under the DGCL. The Company intends to maintain insurance coverage for its
officers and directors as well as insurance coverage to reimburse the Company for potential costs
of its corporate indemnification of directors and officers.
In December 2003, the Company entered into Indemnification Agreements (the "Indemnification
Agreements") with each director and certain executive officers of the Company. One of the purposes
of the Indemnification Agreements is to attempt to specify the extent to which persons entitled to
indemnification thereunder (the "Indemnitees") may receive indemnification. Pursuant to the
Indemnification Agreements, an Indemnitee is entitled to indemnification for claims regarding (i)
the act or failure to act in Indemnitee's capacity as a director, officer, employee or agent of the
Company (or any other entity as to which Indemnitee is serving in such capacity at the Company's
request); (ii) in respect of any transaction or other activity of the Company or such other entity;
and (iii) Indemnitee's status as a director, officer, employee or other representative of the
Company or such other entity. The Indemnification Agreements are in addition to and are not
intended to limit any rights of indemnification which are available under the Company's Certificate
of Incorporation or Bylaws, or otherwise. In addition to the rights to indemnification specified
therein, the Indemnification Agreements are intended to increase the certainty of receipt by the
Indemnitee of the benefits to which he or she is entitled by providing specific procedures relating
to indemnification.
Item 7. Exemption From Registration Claimed
Not applicable.
Item 8. Exhibits
See the Exhibit Index, which is incorporated herein by reference.
3
Item 9. Undertakings
(a) The Company hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum offering range may
be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective
registration statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
Provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if
the information required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the Company pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration
statement; and
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned Company hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Company's annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement
shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being registered,
the Company will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
(Signatures on following page)
4
SIGNATURES
Pursuant to the requirements of the Securities Act, the Company certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Kingsport, State of Tennessee, on November 1, 2010.
EASTMAN CHEMICAL COMPANY
By:
/s/ Curtis E. Espeland
Curtis E. Espeland,
Senior Vice President and Chief Financial Officer
POWER OF ATTORNEY
KNOW BY ALL MEN BY THESE PRESENT,
that each person whose signature appears below constitutes
and appoints Curtis E. Espeland and Theresa K. Lee, and each or any one of them, as true and lawful
attorneys-in-fact and agents, with full power of substitution, for him and in his name, place and
stead, in any and all capacities, to sign any amendments (including post-effective amendments) to
this Registration Statement and to file the same, with all exhibits thereto and other documents in
connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming
all that said attorney-in-fact, or their substitute or substitutes, may lawfully do or cause to be
done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities and on the dates indicated:
SIGNATURE
TITLE
DATE
/s/ James P. Rogers
James P. Rogers
Chief Executive Officer
and Director
(Principal Executive Officer)
November 1, 2010
/s/ Curtis E. Espeland
Curtis E. Espeland
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
November 1, 2010
/s/ Scott V. King
Scott V. King
Vice President, Controller,
and Chief Accounting Officer
(Principal Accounting Officer)
November 1, 2010
/s/ J. Brian Ferguson
J. Brian Ferguson
Executive Chairman of the Board
November 1, 2010
5
SIGNATURE
TITLE
DATE
/s/ Gary E. Anderson
Gary E. Anderson
Director
November 1, 2010
/s/ Michael P. Connors
Michael P. Connors
Director
November 1, 2010
/s/ Stephen R. Demeritt
Stephen R. Demeritt
Director
November 1, 2010
/s/ Robert M. Hernandez
Robert M. Hernandez
Director
November 1, 2010
/s/ Renée J. Hornbaker
Renée J. Hornbaker
Director
November 1, 2010
/s/ Lewis M. Kling
Lewis M. Kling
Director
November 1, 2010
/s/ Howard L. Lance
Howard L. Lance
Director
November 1, 2010
/s/ Thomas H. McLain
Thomas H. McLain
Director
November 1, 2010
/s/ David W. Raisbeck
David W. Raisbeck
Director
November 1, 2010
6
EXHIBIT INDEX
TO
REGISTRATION STATEMENT ON FORM S-8
Exhibit Number
Description
5
Opinion of Brian L. Henry, Senior Counsel and Assistant
Secretary of the registrant, as to the validity of the
securities registered hereby
23
(a)
Consent of Brian L. Henry (included in Exhibit 5)
23
(b)
Consent of PricewaterhouseCoopers LLP
24
Powers of Attorney (included on signature page of this
registration statement)
7