SEC Form 4 · accession 0001127602-19-005674
AVIENT CORP · AVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley C Richardson
Officer — EVP & Chief Financial Officer
Period of report
Feb 10, 2019
Accepted (ET)
Feb 13, 2019 · 4:36 pm EST
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 10, 2019 | M | 8,300 | — | A | 39,426 | D | |
| Common Stock | Feb 11, 2019 | F | 2,644 | $31.49 | D | 36,782 | D | |
| Common StockF4 | holding | — | — | — | 2,648 | I | Savings Plan Trust |
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,F2 | — | Feb 10, 2019 | M | 8,300 | D | Feb 10, 2019 | Feb 10, 2019 | Common Stock | 8,300 | 0 | D |
| Restricted Stock UnitsF2 | — | Feb 11, 2019 | A | 10,850 | A | Feb 11, 2022 | Feb 11, 2022 | Common Stock | 10,850 | 10,850 | D |
| Stock Appreciation RightsF5 | $31.54 | Feb 11, 2019 | A | 34,000 | A | — | Feb 11, 2029 | Common Stock | 34,000 | 34,000 | D |
Explanation of responses
- F1As the vesting date fell on a weekend, the vesting transaction was executed on the following business day, February 11, 2019.
- F2Each restricted stock unit represents a contingent right to receive one share of PolyOne common stock.
- F3Includes dividend equivalents earned with respect to the vested restricted stock units. The holdings have been increased by 592 shares to account for a mathematical error made in the prior reported balance, and which relate to the exempt acquisition of dividend equivalents.
- F4The information in this report is based on a PolyOne Retirement Savings Plan statement as of January 31, 2019. PolyOne common shares are held in a unitized fund that consists of stock and cash. The number of shares and the amount of cash may fluctuate daily depending on plan level activity in the fund.
- 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 $31.54 per share and no more than one-third of the grant can vest per year during the first three years.