Avery Dennison Corp — Director's Dealing 2008

Jan 15, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2007-12-31

Reporting Person: SCARBOROUGH DEAN A (Director, President and C.E.O.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-31	Common Stock	J	90.911	—	Acquired	3663.178	Indirect
2007-12-31	Common Stock	J	1244.378	—	Acquired	21501.396	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-31	Common Stock Units	$0	J	80.57	Acquired	1988-08-08	Common Stock (80.57)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54649.125	Direct
Common Stock	20	Indirect
Common Stock	131.507	Indirect

Footnotes

F1: Shares purchased under the Company's SHARE Plan in transactions exempt under Rule 16b-3(c)

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

F3: 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