SEC Form 4 · accession 0001127602-15-010019
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Shawn Neville
Officer — President, RBIS
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 3:52 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 3, 2015 | M | 30,000 | $27.94 | A | 48,156 | D | |
| Common StockF1 | Mar 3, 2015 | S | 30,000 | $53.29 | D | 18,156 | D | |
| Common Stock (savings Plan) | holding | — | — | — | 2,389 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 RSU AwardF2 | $0.00 | Mar 2, 2015 | A | 28,561 | A | Dec 1, 2016 | Mar 2, 2018 | Common Stock | 28,561 | 28,561 | D |
| 2014 RSU Award | $0.00 | Mar 2, 2015 | J | 30,697 | D | Dec 1, 2016 | Dec 1, 2016 | Common Stock | 30,697 | 0 | D |
| Employee Stock Option (Right to Buy) | $27.94 | Mar 3, 2015 | M | 30,000 | D | Jun 1, 2010 | Jun 1, 2019 | Common Stock | 30,000 | 70,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $53.14 to $53.58. 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.
- F2The restricted stock units vest in two installments, 90% 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.
- F3Voiding 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.