SEC Form 4 · accession 0001534158-15-000069
AVIENT CORP · AVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Newlin
Officer — Executive Chairman · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:25 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 Stock | Mar 2, 2015 | M | 77,333 | $14.61 | A | 266,557 | D | |
| Common Stock | Mar 2, 2015 | D | 52,205 | $40.36 | D | 214,352 | D | |
| Common Stock | holding | — | — | — | 10,000 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $14.61 | Mar 2, 2015 | M | 77,333 | D | — | Feb 14, 2022 | Common Stock | 77,333 | 0 | D |
Explanation of responses
- F1The exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.
- F2SARs become exercisable and vest one-third on the attainment of 10%, 15% and 20% stock appreciation (which must be maintained for a minimum of thirty consecutive trading days) from the grant date closing price of $14.61 per share, with no more than one-third vesting per year during the first three years.