X0306 4 2020-02-27 0000008818 Avery Dennison Corp AVY 0001428521 Miller Susan C 207 GOODE AVENUE GLENDALE CA 91203 1 Senior VP, Gen Counsel & Secty Common Stock 2020-02-27 4 M 0 3449 117.73 A 3449 D Common Stock 2020-02-27 4 F 0 1203 117.73 D 2246 D Common Stock 2020-02-27 4 M 0 2773 117.73 A 5019 D Common Stock 2020-02-27 4 F 0 959 117.73 D 4060 D Common Stock 2020-02-27 4 M 0 1153 117.73 A 5213 D Common Stock 2020-02-27 4 F 0 399 117.73 D 4814 D Common Stock 2020-02-27 4 M 0 1400 117.73 A 6214 D Common Stock 2020-02-27 4 F 0 542 117.73 D 5672 D Common Stock 2020-02-27 4 M 0 12060 117.73 A 17732 D Common Stock 2020-02-27 4 F 0 5980 117.73 D 11752 D Common Stock 3623.2092 I EVDRP Common Stock 13409 I Trust Common Stock (Savings Plan) 711.2276 I Savings Plan 2016 MSU Award 0 2020-02-27 4 M 0 3449 0 D 2017-02-25 2020-02-27 Common Stock 3449 0 D 2017 MSU Award 0 2020-02-27 4 M 0 2773 0 D 2018-02-23 2021-02-23 Common Stock 2773 1309 D 2018 MSU Award 0 2020-02-27 4 M 0 1153 0 D 2019-02-22 2022-02-22 Common Stock 1153 2094 D 2019 MSU Award 0 2020-02-27 4 M 0 1400 0 D 2020-02-28 2023-02-28 Common Stock 1400 2803 D 2017 PU Award 0 2020-02-27 4 M 0 12060 0 D 2020-02-23 2020-02-27 Common Stock 12060 0 D 2020 MSU Award 0 2020-02-27 4 A 0 4253 0 A 2021-02-27 2024-02-27 Common Stock 4253 4253 D 2020 PU Award 0 2020-02-27 4 A 0 3710 0 A 2023-02-27 2023-02-27 Common Stock 3710 3710 D Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2016 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2016-2019 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2017 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2017-2019 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2018 at 106% of target based on our absolute total stockholder return in excess of 10% during the 2018-2019 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2019 at 147% of target based on our absolute total stockholder return in excess of 10% during the 2019 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of performance units granted in February 2017 at 200% of target, based 50% on our cumulative economic value added and 50% on our relative total stockholder return. Market-leveraged stock units vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on the Company's absolute total stockholder return, plus dividend equivalents accrued during the vesting period. Each market-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 2022, provided the designated performance objectives are met as determined by the Compensation Committee in February 2023. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock. /s/ Vikas Arora POA for Susan C Miller 2020-03-02