Ignacio J. Walker - Sep 1, 2021 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role: VP and Chief Legal Officer
Signature: /s/ Maribel Cabrera POA for Ignacio J Walker
Stock symbol: AVY
Transactions as of: Sep 1, 2021
Transactions value $: -$696
Form type: 4
Date filed: 9/3/2021, 05:14 PM
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVY	Common Stock	Options Exercise	$195K	+866	+29.02%	$225.20	3.85K	Sep 1, 2021	Direct
transaction	AVY	Common Stock	Tax liability	-$87.6K	-389	-10.1%	$225.20	3.46K	Sep 1, 2021	Direct
transaction	AVY	Common Stock	Sale	-$108K	-477	-13.78%	$226.66	2.98K	Sep 3, 2021	Direct	F1
holding	AVY	Common Stock (Savings Plan)						541	Sep 1, 2021	Savings Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AVY	2020 RSU Award	Options Exercise	$0	-866	-33.31%	$0.00	1.73K	Sep 1, 2021	Common Stock	866	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $226.64 to $226.68. 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.
F2	The restricted stock units vest in equal installments on the first, second, and third anniversaries of the grant date. Each restricted stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.