X0206 3 2017-03-20 0 0000008818 Avery Dennison Corp AVY 0001701552 Lovins Gregory 207 GOODE AVENUE GLENDALE CA 91203 0 1 0 0 V.P. and Interim CFO Common Stock 7642 D Common Stock (Savings Plan) 1925.3469 I Savings Plan 2014 MSU Award 0 2015-02-26 2018-02-22 Common Stock 958 D 2015 MSU Award 0 2016-02-25 2019-02-28 Common Stock 2707 D 2016 MSU Award 0 2017-02-23 2020-02-27 Common Stock 2468 D 2017 MSU Award 0 2018-02-22 2021-02-25 Common Stock 2705 D 2015 PU Award 0 2018-02-22 2018-02-22 Common Stock 5027 D 2016 PU Award 0 2019-02-28 2019-02-28 Common Stock 3836 D 2017 PU Award 0 2020-02-27 2020-02-27 Common Stock 3114 D 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 percentage change in the Company's stock price, 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 2017, provided certain Company performance objectives are met as determined in February 2018. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock. Performance units vest, if at all, at the end of fiscal year 2018, provided certain Company performance objectives are met as determined in February 2019. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock. 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. /s/ Erica Perry POA for Gregory Lovins 2017-03-23