SEC Form 4 · accession 0001127602-18-026018

AVIENT CORP · AVNT

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

Reporting owner

Robert M Patterson

Officer — Chairman, President & CEO · Director

Period of report

Aug 20, 2018

Accepted (ET)

Aug 22, 2018 · 5:04 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001122976

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Aug 20, 2018	M	30,500	$14.81	A	290,179	D
Common Stock	Aug 20, 2018	D	19,352	$43.16	D	270,827	D
Common Stock	Aug 20, 2018	M	48,800	$14.61	A	319,627	D
Common Stock	Aug 20, 2018	D	30,837	$43.16	D	288,790	D
Common Stock	Aug 20, 2018	M	30,700	$23.08	A	319,490	D
Common Stock	Aug 20, 2018	D	22,752	$43.16	D	296,738	D
Common Stock	Aug 20, 2018	M	20,500	$35.07	A	317,238	D
Common Stock	Aug 20, 2018	D	18,363	$43.16	D	298,875	D
Common Stock^F2	Aug 21, 2018	S	20,000	$43.6075	D	278,875	D
Common Stock^F3	Aug 22, 2018	S	19,196	$43.3015	D	259,679	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Appreciation Rights^F4	$14.81	Aug 20, 2018	M	30,500	D	—	Feb 16, 2021	Common Stock	30,500	D
Stock Appreciation Rights^F5	$14.61	Aug 20, 2018	M	48,800	D	—	Feb 14, 2022	Common Stock	48,800	D
Stock Appreciation Rights^F6	$23.08	Aug 20, 2018	M	30,700	D	—	Feb 15, 2023	Common Stock	30,700	D
Stock Appreciation Rights^F7	$35.07	Aug 20, 2018	M	20,500	D	—	Feb 11, 2024	Common Stock	20,500	D

Explanation of responses

F1Includes shares acquired pursuant to dividend reinvestment since the last Form 4 was filed.
F2The sale price is a weighted average for the sale transactions. The sales prices range from a low of $43.21 per share to a high of $43.89. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, PolyOne Corporation or a security holder of PolyOne Corporation.
F3The sale price is a weighted average for the sale transactions. The sales prices range from a low of $43.12 per share to a high of $43.52 per share. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, PolyOne Corporation, or a security holder of PolyOne Corporation.
F4The stock appreciation rights vested in three equal annual installments beginning February 16, 2012.
F5SARs 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 $14.61 per share and no more than one-third of the grant can vest per year during the first three years.
F6SARs 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 $23.08 per share and no more than one-third of the grant can vest per year during the first three years.
F7SARs 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 $35.07 per share and no more than one-third of the grant can vest per year during the first three years.