SEC Form 4 · accession 0001127602-15-009906
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell R Butier
Officer — President, COO and CFO
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 12:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | J | 9,785 | $48.87 | D | 37,431 | D | |
| Common Stock | Mar 2, 2015 | M | 19,040 | $53.63 | A | 56,471 | D | |
| Common Stock | Mar 2, 2015 | F | 9,936 | $53.63 | D | 46,535 | D | |
| Common Stock (savings Plan) | holding | — | — | — | 3,535 | I | Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 RSU Award | $0.00 | Mar 2, 2015 | J | 40,929 | D | Dec 1, 2014 | Dec 1, 2016 | Common Stock | 40,929 | 0 | D |
| 2015 RSU AwardF3 | $0.00 | Mar 2, 2015 | A | 38,081 | A | Mar 2, 2015 | Mar 2, 2018 | Common Stock | 38,081 | 38,081 | D |
| 2015 RSU AwardF4 | $0.00 | Mar 2, 2015 | M | 19,040 | D | Mar 2, 2015 | Mar 2, 2018 | Common Stock | 19,040 | 19,041 | D |
Explanation of responses
- F1Reversal of net shares received at vesting of the first tranche of previously-granted restricted stock units in connection with the voiding of such grant following determination that it did not meet the three-year minimum vesting requirement for time-vesting full-value awards set forth in the Company's equity plan.
- F2Voiding of previously-granted award following determination that award did not meet the three-year minimum vesting requirement for time-vesting full-value awards set forth in the Company's equity plan.
- F3The restricted stock units vest in three installments, 50% on the grant date, 40% on December 1, 2016 and 10% on the three-year anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
- F4Shares reflect the vesting of the first tranche of restricted stock units granted on March 2, 2015.