Avery Dennison Corp — Director's Dealing 2015

May 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2015-04-29

Reporting Person: SCARBOROUGH DEAN A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-29	Common Stock	M	300000	$20.64	Acquired	445486	Direct
2015-04-29	Common Stock	S	300000	$55.00	Disposed	145486	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-29	Employee Stock Option (Right to Buy)	$20.64	M	300000	Disposed	2019-02-26	Common Stock (300000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20	Indirect
Common Stock	148	Indirect
Common Stock (savings Plan)	39868.6023	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Units	$0	1988-08-08	Common Stock (3128.7598)	3128.7598	Indirect

Footnotes

F1: Transaction occurred pursuant to a Rule 10b5-1 Trading Plan established prior to trade date.