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Avery Dennison Corp — Director's Dealing 2017
Feb 27, 2017
30491_dirs_2017-02-27_aacda547-1e3b-4c9c-8216-ec550ca67d53.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: 2017-02-23
Reporting Person: Bondar Lori J (VP, Controller and CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-23 | Common Stock | M | 1580 | $80.21 | Acquired | 5454 | Direct |
| 2017-02-23 | Common Stock | F | 594 | $80.21 | Disposed | 4860 | Direct |
| 2017-02-23 | Common Stock | M | 850 | $80.21 | Acquired | 5710 | Direct |
| 2017-02-23 | Common Stock | F | 320 | $80.21 | Disposed | 5390 | Direct |
| 2017-02-23 | Common Stock | M | 1695 | $80.21 | Acquired | 7085 | Direct |
| 2017-02-23 | Common Stock | F | 674 | $80.21 | Disposed | 6411 | Direct |
| 2017-02-23 | Common Stock | M | 2068 | $80.21 | Acquired | 8479 | Direct |
| 2017-02-23 | Common Stock | F | 778 | $80.21 | Disposed | 7701 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-23 | 2015 MSU Award | $0 | M | 1580 | Disposed | 2019-02-26 | Common Stock (1580) | Direct |
| 2017-02-23 | 2016 MSU Award | $0 | M | 850 | Disposed | 2020-02-25 | Common Stock (850) | Direct |
| 2017-02-23 | 2014 MSU Award | $0 | M | 1695 | Disposed | 2018-02-27 | Common Stock (1695) | Direct |
| 2017-02-23 | 2013 MSU Award | $0 | M | 2068 | Disposed | 2017-03-01 | Common Stock (2068) | Direct |
| 2017-02-23 | 2017 MSU Award | $0 | A | 2223 | Acquired | 2021-02-23 | Common Stock (2223) | Direct |
| 2017-02-23 | 2017 PU Award | $0 | A | 2560 | Acquired | 2020-02-23 | Common Stock (2560) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| By Spouse | 2000 | Indirect |
| Common Stock (Savings Plan) | 944.6195 | Indirect |
Footnotes
F1: Shares reflect the vesting of the second tranche of market leveraged stock units granted in February 2015 at 153% of target based on our absolute total shareholder return in excess of 10% during 2015-2016, plus dividend equivalents accrued during the period.
F2: Shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2016 at 123% of target based on our absolute total shareholder return in excess of 10% during 2016, plus dividend equivalents accrued during the period.
F3: Shares reflect the vesting of the third tranche of market leveraged stock units granted in February 2014 at 156% of target based on our absolute total shareholder return during 2014-2016, plus dividend equivalents accrued during the period.
F4: Shares reflect the vesting of the fourth tranche of market leveraged stock units granted in February 2013 at 200% of target based on our absolute total shareholder return during 2013-2016, plus dividend equivalents accrued during the period.
F5: Market leveraged stock units vest 25% over one-, two-, three- and four-year performance periods using a conversion formula under which the number of shares earned at each vesting date is based on the Company's absolute total shareholder return, plus dividend equivalents accrued during the vesting period. Each marked leveraged stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock, plus dividend equivalents.
F6: Performance units vest, if at all, at the end of fiscal year 2019, provided certain Company performance objectives are met as determined in February 2020.? Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.