Avery Dennison Corp — Director's Dealing 2015

May 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2015-05-01

Reporting Person: STEWART JULIA A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-01	Common Stock	M	1015	$55.84	Acquired	10658.09	Direct
2015-05-01	Common Stock	M	859	$55.84	Acquired	11517.09	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-01	2013 Director RSU Award	$0	M	1015	Disposed	2016-05-01	Common Stock (1015)	Direct
2015-05-01	2014 Director RSU Award	$0	M	859	Disposed	2017-05-01	Common Stock (859)	Direct
2015-05-01	2015 Director RSU Award	$0	A	2239	Acquired	2018-05-01	Common Stock (2239)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Units - DDECP	$0	1988-08-08	Common Stock (30040.6013)	30040.6013	Indirect

Footnotes

F1: Shares reflect the vesting of the second tranche of restricted stock units granted on May 1, 2013.

F2: Shares reflect the vesting of the first tranche of restricted stock units granted on May 1, 2014.

F3: The restricted stock units vest in three cumulative installments of one-third on the first, second and third anniversaries of the date of the grant. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.