X0306 4 2016-08-22 0000008818 Avery Dennison Corp AVY 0001197584 SCARBOROUGH DEAN A 207 GOODE AVENUE GLENDALE CA 91203 1 1 Executive Chairman Common Stock 2016-08-22 4 M 0 25000 31.665 A 156066 D Common Stock 2016-08-22 4 S 0 25000 76.69 D 131066 D Common Stock 2016-08-23 4 M 0 25000 31.665 A 156066 D Common Stock 2016-08-23 4 S 0 25000 78.12 D 131066 D Common Stock 20 I By Son Common Stock 148 I Owned By Spouse Common Stock (Savings Plan) 41836.7593 I Savings Plan 2010 Employee Stock Option 31.665 2016-08-22 4 M 0 25000 0 D 2011-02-26 2020-02-26 Common Stock 25000 75000 D 2010 Employee Stock Option 31.665 2016-08-23 4 M 0 25000 0 D 2011-02-26 2020-02-26 Common Stock 25000 50000 D Common Stock Units 0 1988-08-08 1988-08-08 Common Stock 3219.1646 3219.1646 I Cap Trust This transaction was executed in multiple trades at prices ranging from $76.47 to $77.10. 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. This transaction was executed in multiple trades at prices ranging from $77.60 to $78.22. 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. Options are exercisable in four cumulative installments of 25% each year beginning on the first anniversary date of the grant, which is the date given . /s/ Erica Perry POA for Dean A Scarborough 2016-08-24