Avery Dennison Corp — Director's Dealing 2008

Jul 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2008-06-30

Reporting Person: FERRY RICHARD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-30	Common Stock	A	750	—	Acquired	38266	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-30	Common Stock Units	$0	A	13.21	Acquired	1988-08-08	Common Stock (13.21)	Indirect
2008-06-30	Common Stock Units	$0	A	527.82	Acquired	1988-08-08	Common Stock (527.82)	Indirect

Footnotes

F1: Includes stock units acquired upon the reinvestment of dividend equivalents under the Avery Capital Accumulation Plan ("CAP") in a transaction exempt under Rule 16a-11

F2: Stock units were acquired by the reporting person pursuant to the Avery Dennison Corporation Non-Employee Director Deferred Equity Compensation Program ("DDECP") in transactions exempt under Rules 16a-11 and 16b-3(d).