Avery Dennison Corp — Director's Dealing 2017

May 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2017-05-01

Reporting Person: Alford Bradley A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-01	Common Stock	M	859	$83.42	Acquired	10693	Direct
2017-05-01	Common Stock	M	746	$83.42	Acquired	11439	Direct
2017-05-01	Common Stock	M	640	$83.42	Acquired	12079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	2014 Director RSU Award	$0	M	859	Disposed	2017-05-01	Common Stock (859)	Direct
2017-05-01	2015 Director RSU Award	$0	M	746	Disposed	2018-05-01	Common Stock (746)	Direct
2017-05-01	2016 Director RSU Award	$0	M	640	Disposed	2019-05-01	Common Stock (640)	Direct
2017-05-01	2017 Director RSU Award	$0	A	1678	Acquired	2018-05-01	Common Stock (1678)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Units - DDECP	$0	1988-08-08	Common Stock (15498.4617)	15498.4617	Indirect

Footnotes

F1: Shares reflect the vesting of the third tranche of restricted stock units granted on May 1, 2014.

F2: Shares reflect the vesting of the second tranche of restricted stock units granted on May 1, 2015.

F3: Shares reflect the vesting of the first tranche of restricted stock units granted on May 1, 2016.

F4: The restricted stock units vest on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.