SEC Form 4 · accession 0001534158-15-000099
AVIENT CORP · AVNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Van Hulle V
Officer — SVP, President of GCAI
Period of report
Jun 3, 2015
Accepted (ET)
Jun 4, 2015 · 6:31 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2015 | G | 7,253 | $0.00 | D | 0 | D | |
| Common Stock | Jun 3, 2015 | M | 5,367 | $14.81 | A | 5,367 | D | |
| Common Stock | Jun 3, 2015 | D | 3,591 | $39.38 | D | 1,776 | D | |
| Common Stock | Jun 3, 2015 | M | 15,533 | $14.61 | A | 17,309 | D | |
| Common Stock | Jun 3, 2015 | D | 9,992 | $39.38 | D | 7,317 | D | |
| Common Stock | Jun 3, 2015 | G | 7,317 | $0.00 | D | 0 | D | |
| Common Stock | Mar 24, 2015 | G | 7,253 | $0.00 | A | 41,225 | I | by Trust |
| Common Stock | Jun 3, 2015 | G | 7,317 | $0.00 | A | 48,542 | I | by Trust |
| Common StockF2 | Jun 3, 2015 | S | 12,000 | $39.3207 | D | 36,542 | I | by Trust |
| Common StockF3,F4 | Jun 3, 2015 | S | 8,000 | $39.0734 | D | 28,542 | I | by Trust |
| Common Stock | holding | — | — | — | 10,000 | I | Cust of UGMA Acct | |
| Common Stock | holding | — | — | — | 3,000 | I | by Spouse's IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF5 | $14.81 | Jun 3, 2015 | M | 5,367 | D | — | Feb 16, 2021 | Common Stock | 5,367 | 0 | D |
| Stock Appreciation RightsF6 | $14.61 | Jun 3, 2015 | M | 15,533 | D | — | Feb 14, 2022 | Common Stock | 15,533 | 0 | D |
Explanation of responses
- F1This transaction involved a gift of securities by the reporting person to a trust, which holds the shares for the benefit of the reporting person's spouse.
- F2The sales price is a weighted average for the sales transactions. The sales prices range from a low of $39.30 per share to a high of $39.386 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.
- F3The sales price is a weighted average for the sales transactions. The sales prices range from a low of $38.998 per share to a high of $39.40 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.
- F4This form does not include 10,000 shares previously reported by the insider as indirectly owned by the insider's daughter.
- F5The stock appreciation rights vest in three equal annual installments beginning February 16, 2012.
- F6SARs 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.