Avery Dennison Corp — Director's Dealing 2011

Feb 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVERY DENNISON CORPORATION (AVY)
CIK: 0000008818
Period of Report: 2011-02-24

Reporting Person: Bond Timothy (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-24	Common Stock	M	1288	$39.32	Acquired	7535	Direct
2011-02-24	Common Stock	M	231	$39.32	Acquired	7766	Direct
2011-02-24	Common Stock	M	1183	$39.32	Acquired	8949	Direct
2011-02-24	Common Stock	M	168	$39.32	Acquired	9117	Direct
2011-02-24	Common Stock	F	1054	$39.32	Disposed	8063	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-24	2005 RSU award	$39.32	M	1288	Disposed	2011-04-28	Common Stock (1288)	Direct
2011-02-24	2005 DER	$39.32	M	231	Disposed	2011-04-28	Common Stock (231)	Direct
2011-02-24	2006 RSU award	$39.32	M	1183	Disposed	2011-04-28	Common Stock (1183)	Direct
2011-02-24	2006 DER	$39.32	M	168	Disposed	2011-04-28	Common Stock (168)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Savings Plan	1438.1458	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.

F3: Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.

F4: 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.