SEC Form 4 · accession 0001127602-15-019351
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne L Bramman
Officer — Senior Vice President and CFO
Period of report
Jun 1, 2015
Accepted (ET)
Jun 2, 2015 · 1:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008818
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 MSU AwardF1 | $0.00 | Jun 1, 2015 | A | 6,357 | A | Feb 26, 2016 | Feb 26, 2019 | Common Stock | 6,357 | 6,357 | D |
| 2015 PU AwardF2 | $0.00 | Jun 1, 2015 | A | 8,034 | A | Feb 26, 2018 | Feb 26, 2018 | Common Stock | 8,034 | 8,034 | D |
| 2015 RSU AwardF3 | $0.00 | Jun 1, 2015 | A | 6,492 | A | Jun 1, 2016 | Jun 1, 2018 | Common Stock | 6,492 | 6,492 | D |
Explanation of responses
- F1Market 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 is adjusted at each vesting date based on the percentage change in the Company's stock price 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.
- F2Performance units vest, if at all, at the end of fiscal year 2017, provided certain Company performance objectives are met as determined in February 2018. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
- F3The restricted stock units vest in equal installments on the first, second, and third anniversaries of the grant date. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.