Avery Dennison Corp — Director's Dealing 2009

Jan 5, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2008-12-19

Reporting Person: VAN SCHOONENBERG ROBERT G (Exec.VP/Chief Legal Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-19	Common Stock	G	154	$32.72	Disposed	28246	Direct
2008-12-31	Common Stock	A	5249	—	Acquired	33495	Direct
2008-12-31	Common Stock	F	1877	$32.495	Disposed	31618	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-31	Deferred Common Stock	$0	A	2819	Acquired	1988-08-08	Common Stock (2819)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4419.18	Indirect
Common Stock	5875.003	Indirect

Footnotes

F1: Common stock issued upon the vesting of performance - based restricted stock units in connection with the reporting person's retirement, in a transaction exempt from Section 16(b) under Rule 16b-3 (d).

F2: Deferred common stock represents the right to receive shares of common stock under performance units that vested in connection with the reporting person's retirement, in a transaction exempt from Section 16(b) under Rule 16b-3 (d). The shares will be issued six months following retirement.