SEC Form 4 · accession 0001127602-16-051146
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell R Butier
Officer — President and CEO · Director
Period of report
May 3, 2016
Accepted (ET)
May 4, 2016 · 5:44 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 | May 3, 2016 | M | 47,206 | $30.50 | A | 118,953 | D | |
| Common StockF1 | May 3, 2016 | S | 47,206 | $74.07 | D | 71,747 | D | |
| Common Stock | May 3, 2016 | M | 15,070 | $67.795 | A | 86,817 | D | |
| Common StockF2 | May 3, 2016 | S | 15,070 | $73.93 | D | 71,747 | D | |
| Common StockF3 | May 4, 2016 | G | 1,000 | $0.00 | D | 70,747 | D | |
| Common Stock (Savings Plan) | holding | — | — | — | 3,631 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 Employee Stock OptionF4 | $30.50 | May 3, 2016 | M | 47,206 | D | Feb 23, 2013 | Feb 23, 2022 | Common Stock | 47,206 | 0 | D |
| 2006 Employee Stock Option | $67.795 | May 3, 2016 | M | 15,070 | D | Dec 7, 2007 | Dec 7, 2016 | Common Stock | 15,070 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $74.00 to $74.17. 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.
- F2This transaction was executed in multiple trades at prices ranging from $73.82 to $73.96. 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.
- F3The shares were a bona fide charitable gift to Loyola Marymount University.
- F4Stock options vest in cumulative installments of 25% on the first, second, third and fourth anniversary of the date of the grant.