Sec Form 4 Filing - ELEK GARY J @ SCHULMAN A INC - 2007-04-11

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ELEK GARY J
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)
V.P. and Corporate Controller
(Last) (First) (Middle)
3550 WEST MARKET STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/11/2007
(Street)
AKRON, OH44333
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 04/11/2007 A 6,000 A ( 1 ) $ 0 12,000 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Performance Share Units ( 2 ) ( 3 ) 04/11/2007 A 1,500 04/11/2010 04/11/2010 Common Stock 1,500 $ 0 1,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ELEK GARY J
3550 WEST MARKET STREET
AKRON, OH44333
V.P. and Corporate Controller
Signatures
/s/ Aaron S. Berke, attorney in fact for Gary Elek 04/13/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported award represents a grant of restricted stock pursuant to the A. Schulman, Inc. (the "Company") 2006 Equity Incentive Plan ("Plan"), half of which will vest over time and half of which will vest based upon the Company's total shareholder returns. For 3,000 of the restricted shares, the restrictions will lapse with respect to 1,000 shares on each of April 11, 2008, April 11, 2009 and April 11, 2010. For the other 3,000 restricted shares, on April 11, 2010, if the market value of the Company's shares relative to a peer group of similar companies ("Share Value") is below the 25th percentile, 3,000 restricted shares will be forfeited. If the Share Value is between the 25th and 50th percentile, 1,500 restricted shares will be forfeited. If the Share Value is between the 50th and 75th percentile, none of the restricted shares will be forfeited.
( 2 )The reported award represents a grant of performance shares under the Plan. These performance shares will vest, if at all, on April 11, 2010 if the Share Value is above the 75th percentile when compared to a peer group of similar companies.
( 3 )1-for-1

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