Avery Dennison Corp — Director's Dealing 2016

Dec 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2016-12-06

Reporting Person: SCARBOROUGH DEAN A (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-06	Common Stock	M	25000	$41.565	Acquired	156066	Direct
2016-12-06	Common Stock	S	25000	$73.00	Disposed	131066	Direct
2016-12-07	Common Stock	M	25000	$41.565	Acquired	156066	Direct
2016-12-07	Common Stock	S	25000	$73.28	Disposed	131066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-06	2010 Employee Stock Option	$41.565	M	25000	Disposed	2020-12-13	Common Stock (25000)	Direct
2016-12-07	2010 Employee Stock Option	$41.565	M	25000	Disposed	2020-12-13	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20	Indirect
Common Stock	148	Indirect
Common Stock (Savings Plan)	42042.7718	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Units	$0	1988-08-08	Common Stock (3236.0533)	3236.0533	Indirect

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $73.00 to $74.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Option is exercisable in cumulative installments of 25% on the first, second, third and fourth anniversary of the date of grant.