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Avery Dennison Corp — Director's Dealing 2018
Feb 26, 2018
30491_dirs_2018-02-26_038c596a-5ae1-4888-82b1-56a19c176a83.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: 2018-02-22
Reporting Person: Lovins Gregory (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-22 | Common Stock | M | 2100 | $117.84 | Acquired | 9742 | Direct |
| 2018-02-22 | Common Stock | F | 634 | $117.84 | Disposed | 9108 | Direct |
| 2018-02-22 | Common Stock | M | 2887 | $117.84 | Acquired | 11995 | Direct |
| 2018-02-22 | Common Stock | F | 862 | $117.84 | Disposed | 11133 | Direct |
| 2018-02-22 | Common Stock | M | 1712 | $117.84 | Acquired | 12845 | Direct |
| 2018-02-22 | Common Stock | F | 512 | $117.84 | Disposed | 12333 | Direct |
| 2018-02-22 | Common Stock | M | 1295 | $117.84 | Acquired | 13628 | Direct |
| 2018-02-22 | Common Stock | F | 387 | $117.84 | Disposed | 13241 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-22 | 2014 MSU Award | $0 | M | 2100 | Disposed | 2018-02-22 | Common Stock (2100) | Direct |
| 2018-02-22 | 2015 MSU Award | $0 | M | 2887 | Disposed | 2019-02-28 | Common Stock (2887) | Direct |
| 2018-02-22 | 2016 MSU Award | $0 | M | 1712 | Disposed | 2020-02-27 | Common Stock (1712) | Direct |
| 2018-02-22 | 2017 MSU Award | $0 | M | 1295 | Disposed | 2021-02-25 | Common Stock (1295) | Direct |
| 2018-02-22 | 2018 MSU Award | $0 | A | 4671 | Acquired | 2022-02-22 | Common Stock (4671) | Direct |
| 2018-02-22 | 2018 PU Award | $0 | A | 4768 | Acquired | 2021-02-22 | Common Stock (4768) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 1945.3871 | Indirect |
Footnotes
F1: Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2014 at 200% of target based on our absolute total stockholder return during 2014-2017, plus dividend equivalents accrued during the period.
F2: Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2015 at 200% of target based on our absolute total stockholder return in excess of 10% during 2015-2017, plus dividend equivalents accrued during the period.
F3: Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2016 at 200% of target based on our absolute total stockholder return in excess of 10% during 2016-2017, plus dividend equivalents accrued during the period.
F4: Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2017 at 188% of target based on our absolute total stockholder return in excess of 10% during 2017, plus dividend equivalents accrued during the period.
F5: Market-leveraged stock units vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on the percentage change in the Company's stock price, plus dividend equivalents accrued during the vesting period. Each market-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 2020, provided certain performance objectives are met as determined in February 2021. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.