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Avery Dennison Corp Director's Dealing 2016

May 4, 2016

30491_dirs_2016-05-04_c28fa530-a3b0-4172-9738-5454677b0437.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: 2016-05-03

Reporting Person: Butier Mitchell R (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-03 Common Stock M 47206 $30.50 Acquired 118953 Direct
2016-05-03 Common Stock S 47206 $74.07 Disposed 71747 Direct
2016-05-03 Common Stock M 15070 $67.795 Acquired 86817 Direct
2016-05-03 Common Stock S 15070 $73.93 Disposed 71747 Direct
2016-05-04 Common Stock G 1000 Disposed 70747 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-05-03 2012 Employee Stock Option $30.50 M 47206 Disposed 2022-02-23 Common Stock (47206) Direct
2016-05-03 2006 Employee Stock Option $67.795 M 15070 Disposed 2016-12-07 Common Stock (15070) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock (Savings Plan) 3631.231 Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $74.00 to $74.17. 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: This transaction was executed in multiple trades at prices ranging from $73.82 to $73.96. 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: The shares were a bona fide charitable gift to Loyola Marymount University.

F4: Stock options vest in cumulative installments of 25% on the first, second, third and fourth anniversary of the date of the grant.