SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

MEIER MICHAEL J

(Last)

(First)

(Middle)

POLYONE CENTER

33587 WALKER ROAD

(Street)

AVON LAKE

44012

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/05/2004

3. Issuer Name and Ticker or Trading Symbol
POLYONE CORP [ POL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Controller

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	982	D
Common Stock	13,629	I	Savings Plan Trust⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (right to buy)	04/01/2006	03/31/2007	Common Stock	2,900	$6	D
Incentive Stock Option (right to buy)	⁽²⁾	03/31/2013	Common Stock	7,100	$6	D
Incentive Stock Option (right to buy)	02/28/2004	05/31/2004	Common Stock	1,800	$8.7	D
Incentive Stock Option (right to buy)	⁽³⁾	02/28/2011	Common Stock	1,700	$8.7	D
Incentive Stock Option (right to buy)	03/26/2005	06/26/2005	Common Stock	1,400	$12.22	D
Incentive Stock Option (right to buy)	⁽⁴⁾	03/26/2012	Common Stock	1,800	$12.22	D
Incentive Stock Option (right to buy)	⁽⁵⁾	01/03/2010	Common Stock	6,177	$16.1875	D
Non-Qualified Stock Option (right to buy)	09/05/2002	09/04/2010	Common Stock	200	$9	D
Non-Qualified Stock Option (right to buy)	⁽⁵⁾	01/03/2010	Common Stock	423	$16.1875	D
Stock Appreciation Right	⁽⁶⁾	12/10/2006	Common Stock	10,800	$6.14	D

Explanation of Responses:

1. Holdings in the PolyOne Retirement Savings Plan as of 1/05/04.

2. The option becomes exercisable in three annual installments of 35%, 35%, and 30% starting April 1, 2004.

3. The option becomes exercisable in three annual installments of 35%, 35%, and 30% starting February 28, 2002.

4. The option becomes exercisable in three annual installments of 35%, 35%, and 30% starting March 26, 2003.

5. The option becomes exercisable in three annual installments of 35%, 35%, and 30% starting January 3, 2001.

6. SARs are exercisable upon vesting. Vesting occurs when the market price of the PolyOne common stock reaches pre-determined levels for three consecutive days as follows: 1/3 vests at a market price of $8 per share; an additional 1/3 vests at a market price of $9 per share; and the remaining 1/3 vests at a market price of $10 per share.

	By: Wendy C. Shiba, Power of Attorney For: Michael J. Meier	01/14/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.