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Avery Dennison Corp Director's Dealing 2007

May 10, 2007

30491_dirs_2007-05-10_55b1bb4c-0441-4e6a-9c95-f42f34823d37.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2007-05-09

Reporting Person: MALCHIONE ROBERT M (Sr. VP, Corp.Strategy & Techn)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-09 Common Stock M 15000 $45.5313 Acquired 19868.071 Direct
2007-05-09 Common Stock S 15000 $64 Disposed 4868.071 Direct
2007-05-10 Common Stock M 15000 $45.5313 Acquired 19868.071 Direct
2007-05-10 Common Stock S 15000 $64 Disposed 4868.071 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-05-09 Employee Stock Option (Right to Buy) $45.5313 M 15000 Disposed 2010-09-28 Common Stock (15000) Direct
2007-05-10 Employee Stock Option (Right to Buy) $45.5313 M 15000 Disposed 2010-09-28 Common Stock (15000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3257.738 Indirect