Avery Dennison Corp — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Nolan Donald A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	M	6000	$41.38	Acquired	6000	Direct
2011-03-03	Common Stock	M	669	$41.38	Acquired	6669	Direct
2011-03-03	Common Stock	F	2141	$41.38	Disposed	4528	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	2008 Nolan RSU	$41.38	M	6000	Disposed	2011-03-03	Common Stock (6000)	Direct
2011-03-03	2008 DER	$41.38	M	669	Disposed	2011-03-03	Common Stock (669)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Savings Plan	553.385	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.

F2: 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.