Avery Dennison Corp — Director's Dealing 2016

Aug 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2016-08-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-02	Common Stock	M	100000	$52.115	Acquired	231066	Direct
2016-08-02	Common Stock	S	100000	$77.97	Disposed	131066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-02	2008 Employee Stock Option	$52.115	M	100000	Disposed	2018-02-28	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20	Indirect
Common Stock	148	Indirect
Common Stock (Savings Plan)	41836.7593	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Units	$0	1988-08-08	Common Stock (3219.1646)	3219.1646	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $77.77 to $78.46. 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.

F2: Options are exercisable in four cumulative installments of 25% each year beginning on the first anniversary date of the grant, which is the date given.