SEC Form 4 · accession 0001127602-19-009332
Avery Dennison Corp · AVY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dean A Scarborough
Director
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 12:23 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 | Feb 28, 2019 | M | 27,968 | $107.92 | A | 29,151 | D | |
| Common Stock | Feb 28, 2019 | F | 12,548 | $107.92 | D | 16,603 | D | |
| Common StockF1 | Feb 28, 2019 | S | 15,420 | $109.07 | D | 1,183 | D | |
| Common Stock | holding | — | — | — | 20 | I | By Son | |
| Common Stock | holding | — | — | — | 148 | I | Owned By Spouse | |
| Common Stock (Savings Plan) | holding | — | — | — | 44,588 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 PU AwardF2 | $0.00 | Feb 28, 2019 | M | 27,968 | D | Feb 25, 2019 | Feb 28, 2019 | Common Stock | 27,968 | 0 | D |
| Common Stock Units | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 2,730 | 2,730 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $108.46 to $109.58. 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.
- F2Shares reflect the vesting of performance units granted in February 2016, when the reporting person was CEO, at 200% of target, 50% based on our company's cumulative economic value added and 50% on our relative total stockholder return.