Avery Dennison Corp — Director's Dealing 2006

Dec 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2006-12-01

Reporting Person: O BRYANT DANIEL R (Exec. VP, Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-01	Common Stock	J	1249.7	—	Acquired	36509.7	Direct
2006-12-07	Common Stock	J	46.676	—	Acquired	1383.088	Indirect
2006-12-07	Common Stock	J	511.648	—	Acquired	6569.039	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Employee Stock Option (Right to Buy)	$67.795	A	48955	Acquired	2016-12-07	Common Stock (48955)	Direct

Footnotes

F1: Acquisition of shares pursuant to reinvestment of dividends exempt under Rule 16a-11.

F2: Shares purchased under the Company's SHARE Plan in transactions exempt under Rule 16b-3(c)

F3: Shares purchased under the Company's Employee Savings Plan in transactions exempt under Rule 16b-3(c)

F4: Options are exercisable in four cumulative installments of 25% each year beginning on the first anniversary date of the grant, which is the date given.