Ownership Submission
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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Van Hulle John V
   2. Issuer Name and Ticker or Trading Symbol
POLYONE CORP [POL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, President of Global Color
(Last)
(First)
(Middle)
POLYONE CENTER, 33587 WALKER ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
08/08/2012
(Street)

AVON LAKE, OH 44012		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 04/23/2012   G(1) V 7,147 D $ 0 0 D  
Common Stock 08/08/2012   M   35,000 A $ 8.475 35,000 D  
Common Stock 08/08/2012   D   23,776 D $ 15.925 11,224 D  
Common Stock 08/08/2012   M   16,133 A $ 7.99 27,357 D  
Common Stock 08/08/2012   D   10,923 D $ 15.98 16,434 D  
Common Stock 08/08/2012   G(1) V 16,434 D $ 0 0 D  
Common Stock 05/14/2012   G(2) V 10,000 A $ 0 10,000 I Cust of UGMA Acct
Common Stock 04/23/2012   G(1) V 7,147 A $ 0 91,559 I by Trust
Common Stock 05/14/2012   G(2) V 10,000 D $ 0 81,559 I by Trust
Common Stock 08/08/2012   G(1) V 16,434 A $ 0 97,993 I by Trust
Common Stock 08/09/2012   S   9,700 D $ 15.94 (3) 88,293 I by Trust
Common Stock               7,936.116 I Savings Plan Trust (4)

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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 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
Stock Appreciation Right $ 7.99 08/08/2012   M     16,133   (5) 02/16/2017 Common Stock 16,133 $ 0 8,067 D  
Stock Appreciation Right $ 8.475 08/08/2012   M     35,000   (6) 08/30/2013 Common Stock 35,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Van Hulle John V
POLYONE CENTER
33587 WALKER ROAD
AVON LAKE, OH 44012		       SVP, President of Global Color  

Signatures

 By: Lisa K. Kunkle, Power of Attorney For: John V. Van Hulle   08/10/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) This transaction involved a gift of securities by the reporting person to a trust, which holds the shares for the benefit of the reporting person's spouse.
(2) Transfer from trust to an Uniform Gift to Minors Act account for the benefit of son, of which Mr. Van Hulle is custodian.
(3) The sale price is a weighted average for the sale transactions. The sales prices range from a low of $15.93 per share to a high of $15.98 per share. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, PolyOne Corporation, or a security holder of PolyOne Corporation.
(4) The information in this report is based on a PolyOne Retirement Savings Plan statement as of August 8, 2012. PolyOne common shares are held in a unitized fund that consists of stock and cash. The number of shares and the amount of cash may fluctuate daily depending on plan level activity in the fund. Even though no transaction has occurred, this fluctuation may result in an increase or decrease in the number of shares held since the last report filed by the reporting person.
(5) The stock appreciation rights vest in three equal annual installments beginning February 17, 2011.
(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 $7.50 per share; an additional 1/3 vests at a market price of $8.50 per share; and the remaining 1/3 vests at a market price of $10.00 per share; provided, however, that no vesting will occur sooner than one year from the grant date of August 30, 2006.

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