SEC Form 4 · accession 0001127602-17-031020
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
Oct 31, 2017
Accepted (ET)
Nov 2, 2017 · 5:01 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 StockF1 | Oct 31, 2017 | M | 20,580 | $52.115 | A | 130,673 | D | |
| Common StockF1,F2 | Oct 31, 2017 | S | 20,580 | $105.87 | D | 110,093 | D | |
| Common StockF1 | Oct 31, 2017 | M | 15,000 | $49.44 | A | 125,093 | D | |
| Common StockF1,F3 | Oct 31, 2017 | S | 15,000 | $105.78 | D | 110,093 | D | |
| Common StockF1 | Oct 31, 2017 | M | 4,420 | $31.665 | A | 114,513 | D | |
| Common StockF1,F4 | Oct 31, 2017 | S | 4,420 | $105.48 | D | 110,093 | D | |
| Common StockF5 | Nov 1, 2017 | G | 250 | $0.00 | D | 109,843 | D | |
| Common StockF6 | Nov 1, 2017 | G | 250 | $0.00 | D | 109,593 | D | |
| Common StockF1 | Nov 1, 2017 | M | 9,551 | $31.665 | A | 119,144 | D | |
| Common StockF1,F7 | Nov 1, 2017 | S | 9,551 | $106.85 | D | 109,593 | D | |
| Common StockF1 | Nov 1, 2017 | M | 28,000 | $33.61 | A | 137,593 | D | |
| Common StockF1,F8 | Nov 1, 2017 | S | 28,000 | $106.86 | D | 109,593 | D | |
| Common Stock (Savings Plan) | holding | — | — | — | 3,735 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2008 Employee Stock OptionF1,F9 | $52.115 | Oct 31, 2017 | M | 20,580 | D | Feb 28, 2009 | Feb 28, 2018 | Common Stock | 20,580 | 0 | D |
| 2008 Butier Stock OptionF1,F9 | $49.44 | Oct 31, 2017 | M | 15,000 | D | Sep 2, 2009 | Sep 2, 2018 | Common Stock | 15,000 | 0 | D |
| 2010 Employee Stock OptionF1,F9 | $31.665 | Oct 31, 2017 | M | 4,420 | D | Feb 26, 2011 | Feb 26, 2020 | Common Stock | 4,420 | 9,551 | D |
| 2010 Employee Stock OptionF1,F9 | $31.665 | Nov 1, 2017 | M | 9,551 | D | Feb 26, 2011 | Feb 26, 2020 | Common Stock | 9,551 | 0 | D |
| 2010 Butier Stock OptionF1,F9 | $33.61 | Nov 1, 2017 | M | 28,000 | D | Jun 1, 2011 | Jun 1, 2020 | Common Stock | 28,000 | 0 | D |
Explanation of responses
- F1Transaction occurred pursuant to a Rule 10b5-1 Trading Plan established prior to the trade date.
- F2This transaction was executed in multiple trades at prices ranging from $105.68 to $105.93. 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.
- F3This transaction was executed in multiple trades at prices ranging from $105.60 to $105.96. 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.
- F4This transaction was executed in multiple trades at prices ranging from $105.10 to $105.82. 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.
- F5The shares were a bona fide charitable gift to Loyola Marymount University.
- F6The shares were a bona fide charitable gift to La Canada Flintridge Educational Foundation.
- F7This transaction was executed in multiple trades at prices ranging from $105.58 to $107.12. 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.
- F8This transaction was executed in multiple trades at prices ranging from $105.67 to $106.86. 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.
- F9Stock options vest in cumulative installments of 25% on the first, second, third and fourth anniversaries of the grant date.