SEC Form 4 · accession 0001127602-18-006645
AVIENT CORP · AVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Neto Joao Jose San
Officer — SVP & CHRO
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001122976
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 14, 2018 | A | 2,800 | A | Feb 14, 2021 | Feb 14, 2021 | Common Stock | 2,800 | 2,800 | D |
| Stock Appreciation RightsF2 | $41.89 | Feb 14, 2018 | A | 8,000 | A | — | Feb 14, 2028 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of PolyOne common stock.
- F2SARs become exercisable and vest only upon the achievement of both price and time requirements. To vest, each one-third of the grant must attain 10%, 15% and 20% stock appreciation, respectively (which must be maintained for a minimum of thirty consecutive trading days) from the grant date closing price of $41.89 per share and no more than one-third of the grant can vest per year during the first three years.