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: Sallay John M (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-24	2011 Stock Option	$39.32	A	42377	Acquired	2021-02-24	Common Stock (42377)	Direct
2011-02-24	2011 PSU Award	$0	A	7088	Acquired	2014-02-27	Common Stock (7088)	Direct

Footnotes

F1: Options are exercisable in cumulative installments of 25% on the first, second, third and fourth anniversary of the date of the grant.

F2: Performance units vest, if at all, on February 27, 2014, provided certain Company performance objectives are met. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.