Avery Dennison Corp — Director's Dealing 2006

Nov 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2006-11-14

Reporting Person: VAN SCHOONENBERG ROBERT G (Exec.VP/General Counsel/)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-14	Common Stock	M	5357	$43.375	Acquired	27597	Direct
2006-11-14	Common Stock	F	4185	$65.785	Disposed	23412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-14	Employee Stock Option (Right to Buy)	$43.375	M	5357	Disposed	2007-12-04	Common Stock (5357)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4164.073	Indirect
Common Stock	5376.507	Indirect

Footnotes

F1: Option vests nine years and nine months from the date of grant, but becomes eligible for accelerated vesting beginning three years from the date of grant, if the Company meets certain pre-established performance criteria.