SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Perez Gustavo S.

(Last)

(First)

(Middle)

3350 WEST MARKET STREET

(Street)

AKRON

44333

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SCHULMAN A INC [ SHLM ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	G.M. and COO - Americas

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2011

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	02/28/2011		M		1,250⁽¹⁾	A	⁽¹⁾	8,428	D
Common Stock	02/28/2011		D⁽²⁾		1,250	D	$22.26⁽³⁾	7,178	D
Common Stock⁽⁴⁾	02/28/2011		M		1,875⁽⁴⁾	A	⁽⁴⁾	9,053	D
Common Stock	02/28/2011		D⁽²⁾		1,875	D	$22.26⁽³⁾	7,178	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽¹⁾	⁽¹⁾	02/28/2011		M			1,250	⁽¹⁾	⁽¹⁾	Common Stock	1,250	$0.00	0	D
Performance-Based Restricted Stock Units⁽⁴⁾	⁽⁴⁾	02/28/2011		A		1,875		⁽⁴⁾	⁽⁴⁾	Common Stock	1,875	$0.00	1,875	D
Performance-Based Restricted Stock Units	⁽⁴⁾	02/28/2011		M			1,875	⁽⁴⁾	⁽⁴⁾	Common Stock	1,875	$0.00	0	D

Explanation of Responses:

1. Represents the settlement of 1,250 cash-settled time-based restricted stock units pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Plan (the "2006 Plan"). Under the 2006 Plan, cash-settled time-based restricted stock units are settled in cash by the Company in an amount equal to the fair market value of a share of the Company's common stock, on a 1-to-1 basis, on the applicable vesting date. As originally reported, Mr. Perez was granted 3,750 cash-settled time-based restricted stock units on February 29, 2008, with such restricted stock units vesting in equal increments on the first three anniversaries of the award grant date.

2. Pursuant to Securities and Exchange Commission guidance, the settlement of restricted stock units for cash is deemed a disposition of shares to the Company.

3. Price reflects the closing price of the Company's common stock on February 28, 2011.

4. Represents the vesting and settlement of 1,875 cash-settled performance-based restricted stock units pursuant to the 2006 Plan, which were initially granted on February 29, 2008. Under the 2006 Plan, the vesting of such performance-based restricted stock units was subject to performance criteria based upon the total shareholder returns on the Company's common stock relative to a peer group of similar companies during the performance period. Under the 2006 Plan, cash-settled performance-based restricted stock units will be settled on the vesting date for cash in an amount equal to the fair market value of a share of the Company's common stock on a 1-to-1 basis.

Remarks:

	/s/ Aaron S. Berke, attorney in fact for Gustavo Perez	03/02/2011
	** 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 4 (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).
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