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Avery Dennison Corp — Director's Dealing 2014
Mar 3, 2014
30491_dirs_2014-03-03_6bf9b6c0-45a4-4a19-9613-8b358fcb16e7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2014-02-27
Reporting Person: SCARBOROUGH DEAN A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-27 | Common Stock | M | 11780 | $49.245 | Acquired | 92280 | Direct |
| 2014-02-27 | Common Stock | A | 5375 | $49.245 | Acquired | 97655 | Direct |
| 2014-02-27 | Common Stock | F | 6449 | $49.245 | Disposed | 91206 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-27 | 2014 MSU Award | $0 | A | 47621 | Acquired | 2018-02-27 | Common Stock (47621) | Direct |
| 2014-02-27 | 2014 PU Award | $0 | A | 49763 | Acquired | 2017-02-27 | Common Stock (49763) | Direct |
| 2014-02-27 | 2014 MSU Award | $0 | A | 47621 | Acquired | 2018-02-27 | Common Stock (47621) | Direct |
| 2014-02-27 | 2011 PU Award | $0 | J | 42000 | Disposed | 2014-02-27 | Common Stock (42000) | Direct |
| 2014-02-27 | 2013 MSU Award | $49.245 | M | 11780 | Disposed | 2017-03-01 | Common Stock (11780) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 36787 | Indirect |
| Common Stock (SHARE Plan) | 4412 | Indirect |
Footnotes
F1: Market leveraged stock units vest 25% on each of the four anniversaries of the grant date using a conversion formula under which the number of shares earned is adjusted at each vesting date based on the percentage change in the Companys stock price plus dividend equivalents accrued during the vesting period. Each marked leveraged stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
F2: Performance units vest, if at all, on December 31, 2016, provided certain Company performance objectives are met as determined in February 2017. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
F3: Additional acquired shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2013 at 142% of target based on our absolute total shareholder return during 2013, plus payment of accrued dividend equivalents.
F4: The performance objective established for this award was not achieved, resulting in the cancellation of the award.