Avery Dennison Corp — Director's Dealing 2011

Mar 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2011-03-16

Reporting Person: CLYDE TIMOTHY S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-16	Common Stock	M	68	$40.4	Acquired	11479	Direct
2011-03-16	Common Stock	F	25	$40.4	Disposed	11454	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-16	Dividend Equivalent Right	$40.4	M	68	Disposed	2011-03-16	Common Stock (68)	Direct

Footnotes

F1: Settlement of dividend equivalent rights in connection with vesting of restricted stock units. The rights accrued when and as dividends were paid on the common stock. Each dividend right represents the right to receive one share of common stock.