SEC Form 4 · accession 0001127602-16-050560
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David E I Pyott
Director
Period of report
Apr 29, 2016
Accepted (ET)
May 2, 2016 · 5:53 pm EDT
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 | Apr 29, 2016 | M | 1,015 | $72.82 | A | 12,453 | D | |
| Common Stock | Apr 29, 2016 | M | 859 | $72.82 | A | 13,312 | D | |
| Common Stock | Apr 29, 2016 | M | 746 | $72.82 | A | 14,058 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 Director RSU AwardF1,F2 | $0.00 | Apr 29, 2016 | M | 1,015 | D | May 1, 2014 | May 1, 2016 | Common Stock | 1,015 | 0 | D |
| 2014 Director RSU AwardF1,F3 | $0.00 | Apr 29, 2016 | M | 859 | D | May 1, 2015 | May 1, 2017 | Common Stock | 859 | 859 | D |
| 2015 Director RSU AwardF1,F4 | $0.00 | Apr 29, 2016 | M | 746 | D | May 1, 2016 | May 1, 2018 | Common Stock | 746 | 1,493 | D |
| 2016 Director RSU AwardF5,F6 | $0.00 | May 1, 2016 | A | 1,922 | A | May 1, 2017 | May 1, 2019 | Common Stock | 1,922 | 1,922 | D |
| Common Stock Units - DDECP | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 43,837 | 43,837 | I |
Explanation of responses
- F1Because the vesting date of the restricted stock units fell on a weekend, they vested on April 29, 2016, the last trading day prior to the vesting date.
- F2Shares reflect the vesting of the third tranche of restricted stock units granted on May 1, 2013.
- F3Shares reflect the vesting of the second tranche of restricted stock units granted on May 1, 2014.
- F4Shares reflect the vesting of the first tranche of restricted stock units granted on May 1, 2015.
- F5Because the grant date of the restricted stock units fell on a weekend, the grant date fair market value was based on April 29, 2016, the last trading day prior to the grant date.
- F6The restricted stock units vest in three cumulative installments on the first, second and third anniversaries of the date of grant. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.