Mar 15, 2006. /Lesprom Network/. Kimberly-Clark Corp. said Chairman and Chief Executive Officer Thomas J. Falk received total compensation of about $2.5 million for 2005, excluding the grant of stock options and a restricted stock award, down from about $3.6 million for 2004. Falk's 2004 compensation amount excludes the grant of stock options, a restricted award and a long-term incentive plan payout. Kimberly-Clark said in a definitive proxy filed with the Securities and Exchange Commission that Falk received a 2005 salary of about $1.2 million and bonus of about $1.3 million, compared with a 2004 salary of about $1.1 million and bonus of about $2.4 million. Company said it granted Falk 167,776 stock options for 2005, compared with 122,031 stock options for the previous year. The grant date value of the 2005 stock options is $2 million using the Black-Scholes-Merton option pricing model, the filing said. Kimberly-Clark said the 2005 options have an exercise price of $61.59 a share and expire April 28, 2015.