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Avery Dennison Corp — Director's Dealing 2015
Mar 2, 2015
30491_dirs_2015-03-02_ee0e530f-2b55-4899-bfc9-cdef67e525f2.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: 2015-02-26
Reporting Person: Miller Susan C (Senior VP, Gen Counsel & Secty)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-26 | Common Stock | M | 2423 | $54.26 | Acquired | 3796 | Direct |
| 2015-02-26 | Common Stock | F | 911 | $54.26 | Disposed | 2885 | Direct |
| 2015-02-26 | Common Stock | M | 13502 | $54.26 | Acquired | 16387 | Direct |
| 2015-02-26 | Common Stock | F | 5075 | $54.26 | Disposed | 11312 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-26 | 2014 Msu Award | $0 | M | 2423 | Disposed | 2018-02-27 | Common Stock (2423) | Direct |
| 2015-02-26 | 2012 PU Award | $0 | M | 13502 | Disposed | 2015-02-26 | Common Stock (13502) | Direct |
| 2015-02-26 | 2015 PU Award | $0 | A | 9540 | Acquired | 2018-02-26 | Common Stock (9540) | Direct |
| 2015-02-26 | 2015 MSU Award | $0 | A | 10274 | Acquired | 2019-02-26 | Common Stock (10274) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4928.4983 | Indirect |
| Common Stock | 3412 | Indirect |
| Common Stock (savings Plan) | 646.3625 | Indirect |
Footnotes
F1: Shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2014 at 108% of target based on our absolute total shareholder return during 2014, plus dividend equivalents accrued during the period.
F2: Shares reflect the vesting of performance units granted in February 2012 at 107% of target based on our relative total shareholder return during 2012-2014.
F3: Performance units vest, if at all, at the end of fiscal year 2017, provided certain Company performance objectives are met as determined in February 2018. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
F4: Market leveraged stock units vest 25% over one-, two-, three- and four-year performance periods using a conversion formula under which the number of shares earned is adjusted at each vesting date based on the percentage change in the Company's 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, plus dividend equivalents.