SEC Form 4 · accession 0001209191-17-061679

OMNOVA SOLUTIONS INC · OMN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Nov 17, 2017

Accepted (ET)

Nov 20, 2017 · 9:12 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001090061

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Shares	holding	—	—		—	20,023	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Shares^F1,F2	—	Nov 17, 2017	A	3,538	A	—	—	Common Shares	3,538	98,112	I

F1The Phantom shares were acquired under the OMNOVA Solutions Stock Fund of the OMNOVA Solutions Inc. Deferred Compensation Plan for Nonemployee Directors (the "Plan"). Under the terms of the Plan, each nonemployee director may elect, prior to the calendar year in which fees are earned, to defer all or a portion of his or her annual retainer, and committee and board chairman's fees into one or more investment options available under the Plan, including the OMNOVA Solutions Stock Fund. Phantom shares are credited to a director's account based on the number of OMNOVA common shares that could have been purchased with the amount deferred at the closing price per share on the New York Stock Exchange on the date that the director's fees would otherwise have been payable to him.
F2Phantom shares are payable in cash in a lump sum or in up to ten annual installments (as elected by the director), except under certain circumstances where the Plan provides for earlier distribution of his or her account balance.