Avery Dennison Corp — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2015-05-14

Reporting Person: Bondar Lori J (VP, Controller and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-14	Common Stock	M	2358	$39.32	Acquired	8068	Direct
2015-05-14	Common Stock	S	158	$60.60	Disposed	7910	Direct
2015-05-14	Common Stock	S	2200	$60.6101	Disposed	5710	Direct
2015-05-14	Common Stock	M	13750	$50.695	Acquired	19460	Direct
2015-05-14	Common Stock	S	3080	$60.55	Disposed	16380	Direct
2015-05-14	Common Stock	S	429	$60.5553	Disposed	15951	Direct
2015-05-14	Common Stock	S	10241	$60.5835	Disposed	5710	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-14	2011 Stock Option	$39.32	M	2358	Disposed	2021-02-24	Common Stock (2358)	Direct
2015-05-14	Employee Stock Option (Right to Buy)	$50.695	M	13750	Disposed	2018-06-02	Common Stock (13750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Savings Plan)	6215.4836	Indirect

Footnotes

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