X0306 4 2017-02-23 0000008818 Avery Dennison Corp AVY 0001428521 Miller Susan C 207 GOODE AVENUE GLENDALE CA 91203 1 Senior VP, Gen Counsel & Secty Common Stock 2017-02-23 4 M 0 3667 80.21 A 10185 D Common Stock 2017-02-23 4 F 0 1914 80.21 D 8271 D Common Stock 2017-02-23 4 M 0 4115 80.21 A 12386 D Common Stock 2017-02-23 4 F 0 2148 80.21 D 10238 D Common Stock 2017-02-23 4 M 0 2002 80.21 A 12240 D Common Stock 2017-02-23 4 F 0 1045 80.21 D 11195 D Common Stock 2017-02-23 4 M 0 18264 80.21 A 29459 D Common Stock 2017-02-23 4 F 0 9532 80.21 D 19927 D Common Stock 24739.7058 I EVDRP Common Stock (Savings Plan) 674.8322 I Savings Plan 2014 MSU Award 0 2017-02-23 4 M 0 3667 0 D 2015-02-26 2018-02-27 Common Stock 3667 2185 D 2015 MSU Award 0 2017-02-23 4 M 0 4115 0 D 2016-02-26 2019-02-26 Common Stock 4115 5137 D 2016 MSU Award 0 2017-02-23 4 M 0 2002 0 D 2017-02-25 2020-02-25 Common Stock 2002 4779 D 2014 PU Award 0 2017-02-23 4 M 0 18264 0 D 2017-02-27 2017-02-27 Common Stock 18264 0 D 2017 MSU Award 0 2017-02-23 4 A 0 5236 0 A 2018-02-23 2021-02-23 Common Stock 5236 5236 D 2017 PU Award 0 2017-02-23 4 A 0 6030 0 A 2020-02-23 2020-02-23 Common Stock 6030 6030 D Shares reflect the vesting of the third tranche of market leveraged stock units granted in February 2014 at 156% of target based on our absolute total shareholder return during 2014-2016, plus dividend equivalents accrued during the period. Shares reflect the vesting of the second tranche of market leveraged stock units granted in February 2015 at 153% of target based on our absolute total shareholder return in excess of 10% during 2015-2016, plus dividend equivalents accrued during the period. Shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2016 at 123% of target based on our absolute total shareholder return in excess of 10% during 2016, plus dividend equivalents accrued during the period. Shares reflect the vesting of performance units granted in February 2014 at 200% of target, 50% based on our cumulative economic value added and 50% on our relative total shareholder return performance objectives established for the award. Market 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 at each vesting date is based on the Company's absolute total shareholder return, 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. Performance units vest, if at all, at the end of fiscal year 2019, provided certain Company performance objectives are met as determined in February 2020.? Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock. Erica Perry POA for Susan C Miller 2017-02-27