Statement of Changes in Beneficial Ownership (4)
17 November 2021 - 10:31PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Kunkle Lisa K. |
2. Issuer Name and Ticker or Trading
Symbol AVIENT CORP [ AVNT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
SVP Gnrl Counsel & Secretary |
(Last)
(First)
(Middle)
AVIENT CENTER, 33587 WALKER ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/15/2021
|
(Street)
AVON LAKE, OH 44012
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
11/15/2021 |
|
M |
|
10400 |
A |
$23.08 |
80010 |
D |
|
Common Stock |
11/15/2021 |
|
D |
|
5984 |
D |
$59.58 |
74026 |
D |
|
Common Stock |
11/15/2021 |
|
M |
|
7100 |
A |
$35.07 |
81126 |
D |
|
Common Stock |
11/15/2021 |
|
D |
|
5476 |
D |
$59.58 |
75650 |
D |
|
Common Stock |
11/15/2021 |
|
M |
|
8500 |
A |
$38.27 |
84150 |
D |
|
Common Stock |
11/15/2021 |
|
D |
|
6809 |
D |
$59.58 |
77341 |
D |
|
Common Stock |
11/15/2021 |
|
M |
|
11500 |
A |
$24.98 |
88841 |
D |
|
Common Stock |
11/15/2021 |
|
D |
|
7784 |
D |
$59.58 |
81057 |
D |
|
Common Stock |
11/16/2021 |
|
S |
|
11447 |
D |
$60.2237 (1) |
69610 |
D |
|
Common Stock |
|
|
|
|
|
|
|
1986.271 |
I |
Savings Plan Trust (2) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Appreciation Rights |
$23.08 |
11/15/2021 |
|
M |
|
|
10400 |
(3) |
2/15/2023 |
Common Stock |
10400 |
$0 |
0 |
D |
|
Stock Appreciation Rights |
$35.07 |
11/15/2021 |
|
M |
|
|
7100 |
(4) |
2/11/2024 |
Common Stock |
7100 |
$0 |
0 |
D |
|
Stock Appreciation Rights |
$38.27 |
11/15/2021 |
|
M |
|
|
8500 |
(5) |
2/4/2025 |
Common Stock |
8500 |
$0 |
0 |
D |
|
Stock Appreciation Rights |
$24.98 |
11/15/2021 |
|
M |
|
|
11500 |
(6) |
2/10/2026 |
Common Stock |
11500 |
$0 |
0 |
D |
|
Explanation of
Responses: |
(1) |
The sale price is a weighted
average for the sale transactions. The sales prices range from a
low of $59.44 per share to a high of $60.84. Full information
regarding the number of shares sold at each separate price is
available upon request by the Commission staff, Avient Corporation
or a security holder of Avient Corporation. |
(2) |
The information in this
report is based on a Avient Retirement Savings Plan statement as of
November 15, 2021. |
(3) |
SARs 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. |
(4) |
SARs 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. |
(5) |
SARs 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 $38.27 per share and no more than one-third of the
grant can vest per year during the first three years. |
(6) |
SARs 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 $24.98 per share and no more than one-third of the
grant can vest per year during the first three years. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Kunkle Lisa K.
AVIENT CENTER
33587 WALKER ROAD
AVON LAKE, OH 44012 |
|
|
SVP Gnrl Counsel & Secretary |
|
Signatures
|
/s/ Lisa K. Kunkle |
|
11/17/2021 |
**Signature of Reporting
Person |
Date |
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