Avery Dennison Corp — Director's Dealing 2017

Nov 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2017-10-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-31	Common Stock	M	20580	$52.115	Acquired	130673	Direct
2017-10-31	Common Stock	S	20580	$105.87	Disposed	110093	Direct
2017-10-31	Common Stock	M	15000	$49.44	Acquired	125093	Direct
2017-10-31	Common Stock	S	15000	$105.78	Disposed	110093	Direct
2017-10-31	Common Stock	M	4420	$31.665	Acquired	114513	Direct
2017-10-31	Common Stock	S	4420	$105.48	Disposed	110093	Direct
2017-11-01	Common Stock	G	250	—	Disposed	109843	Direct
2017-11-01	Common Stock	G	250	—	Disposed	109593	Direct
2017-11-01	Common Stock	M	9551	$31.665	Acquired	119144	Direct
2017-11-01	Common Stock	S	9551	$106.85	Disposed	109593	Direct
2017-11-01	Common Stock	M	28000	$33.61	Acquired	137593	Direct
2017-11-01	Common Stock	S	28000	$106.86	Disposed	109593	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-31	2008 Employee Stock Option	$52.115	M	20580	Disposed	2018-02-28	Common Stock (20580)	Direct
2017-10-31	2008 Butier Stock Option	$49.44	M	15000	Disposed	2018-09-02	Common Stock (15000)	Direct
2017-10-31	2010 Employee Stock Option	$31.665	M	4420	Disposed	2020-02-26	Common Stock (4420)	Direct
2017-11-01	2010 Employee Stock Option	$31.665	M	9551	Disposed	2020-02-26	Common Stock (9551)	Direct
2017-11-01	2010 Butier Stock Option	$33.61	M	28000	Disposed	2020-06-01	Common Stock (28000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Savings Plan)	3734.8463	Indirect

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $105.68 to $105.93. 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: This transaction was executed in multiple trades at prices ranging from $105.60 to $105.96. 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.

F4: This transaction was executed in multiple trades at prices ranging from $105.10 to $105.82. 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.

F5: The shares were a bona fide charitable gift to Loyola Marymount University.

F6: The shares were a bona fide charitable gift to La Canada Flintridge Educational Foundation.

F7: This transaction was executed in multiple trades at prices ranging from $105.58 to $107.12. 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.

F8: This transaction was executed in multiple trades at prices ranging from $105.67 to $106.86. 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.

F9: Stock options vest in cumulative installments of 25% on the first, second, third and fourth anniversaries of the grant date.