X0306 4 2016-02-25 0000008818 Avery Dennison Corp AVY 0001637584 BRAMMAN ANNE L 207 GOODE AVENUE GLENDALE CA 91203 1 Senior Vice President and CFO Common Stock 2016-02-25 4 M 0 1763 65.68 A 1763 D Common Stock 2016-02-25 4 F 0 655 65.68 D 1108 D 2015 MSU Award 0 2016-02-25 4 M 0 1763 0 D 2016-02-26 2019-02-26 Common Stock 1763 4768 D 2016 MSU Award 0 2016-02-25 4 A 0 7542 0 A 2017-02-25 2020-02-25 Common Stock 7542 7542 D 2016 PU Award 0 2016-02-25 4 A 0 8790 0 A 2019-02-25 2019-02-25 Common Stock 8790 8790 D Shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2015 at 109% of target based on our absolute total shareholder return in excess of 10% during 2015, plus dividend equivalents accrued during the period. 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 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. /s/ Erica Perry POA for Anne L Bramman 2016-02-29