Avery Dennison Corp — Director's Dealing 2017

Feb 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2017-02-03

Reporting Person: Miller Susan C (Senior VP, Gen Counsel & Secty)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-03	Common Stock	M	52920	$39.32	Acquired	59438	Direct
2017-02-03	Common Stock	S	52920	$79.16	Disposed	6518	Direct
2017-02-03	Common Stock	M	38110	$30.50	Acquired	44628	Direct
2017-02-03	Common Stock	S	38110	$79.17	Disposed	6518	Direct
2017-02-03	Common Stock	M	13035	$52.115	Acquired	19553	Direct
2017-02-03	Common Stock	S	13035	$79.17	Disposed	6518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-03	2011 Employee Stock Option	$39.32	M	52920	Disposed	2021-02-24	Common Stock (52920)	Direct
2017-02-03	2012 Employee Stock Option	$30.50	M	38110	Disposed	2022-02-23	Common Stock (38110)	Direct
2017-02-03	2008 Employee Stock Option	$52.115	M	13035	Disposed	2018-02-28	Common Stock (13035)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17405.7058	Indirect
Common Stock (Savings Plan)	674.8322	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 $78.79 to $79.92. 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 $78.79 to $79.86. 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.

F4: This transaction was executed in multiple trades at prices ranging from $78.79 to $79.82. 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: Stock options vest in cumulative installments of 25% on the first, second, third and fourth anniversary of the date of the grant.