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
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kunkle Lisa K. |
2. Issuer Name and Ticker or Trading Symbol
AVIENT CORP
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AVNT
]
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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 |
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(Last)
(First)
(Middle)
AVIENT CENTER, 33587 WALKER ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/15/2021 |
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(Street)
AVON LAKE, OH 44012
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| 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)
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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
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Kunkle Lisa K.
AVIENT CENTER
33587 WALKER ROAD
AVON LAKE, OH 44012 |
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| SVP Gnrl Counsel & Secretary |
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Signatures
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| /s/ Lisa K. Kunkle | | 11/17/2021 |
| **Signature of Reporting Person | Date |
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