Filing Details
- Accession Number:
- 0001127602-19-009412
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-04 14:01:44
- Reporting Period:
- 2019-02-28
- Accepted Time:
- 2019-03-04 14:01:44
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 8818 | Avery Dennison Corp | AVY | Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670) | 951492269 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1307888 | Anne Hill | 207 Goode Avenue Glendale CA 91203 | Sr. Vp & Chief Hr Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2019-02-28 | 6,422 | $107.92 | 42,702 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-02-28 | 3,197 | $107.92 | 39,505 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 3,088 | $107.92 | 42,593 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-02-28 | 1,532 | $107.92 | 41,061 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 1,809 | $107.92 | 42,870 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-02-28 | 897 | $107.92 | 41,973 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-02-28 | 14,428 | $107.92 | 56,401 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-02-28 | 7,154 | $107.92 | 49,247 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-02-28 | 12,967 | $108.68 | 36,280 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | 2015 MSU Award | Disposition | 2019-02-28 | 6,422 | $0.00 | 6,422 | $0.00 |
| Common Stock | 2016 MSU Award | Disposition | 2019-02-28 | 3,088 | $0.00 | 3,088 | $0.00 |
| Common Stock | 2017 MSU Award | Disposition | 2019-02-28 | 1,809 | $0.00 | 1,809 | $0.00 |
| Common Stock | 2018 MSU Award | Disposition | 2019-02-28 | 0 | $0.00 | 0 | $0.00 |
| Common Stock | 2016 PU Award | Disposition | 2019-02-28 | 14,428 | $0.00 | 14,428 | $0.00 |
| Common Stock | 2019 MSU Award | Acquisiton | 2019-02-28 | 3,525 | $0.00 | 3,525 | $0.00 |
| Common Stock | 2019 PU Award | Acquisiton | 2019-02-28 | 4,287 | $0.00 | 4,287 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2016-02-26 | 2019-02-28 | No | 4 | M | Direct |
| 1,547 | 2017-02-25 | 2020-02-25 | No | 4 | M | Direct |
| 2,543 | 2018-02-23 | 2021-02-23 | No | 4 | M | Direct |
| 3,050 | 2019-02-22 | 2022-02-22 | No | 4 | M | Direct |
| 0 | 2019-02-25 | 2019-02-25 | No | 4 | M | Direct |
| 3,525 | 2020-02-28 | 2023-02-28 | No | 4 | A | Direct |
| 4,287 | 2022-02-28 | 2022-02-28 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock (Savings Plan) | 2,799 | Indirect | Savings Plan |
Footnotes
- Transaction occurred pursuant to a Rule 10b5-1 Trading Plan established prior to the trade date.
- This transaction was executed in multiple trades at prices ranging from $108.15 to $108.88. 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.
- Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2015 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2015-2018 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 2016 at 188% of target based on our absolute total stockholder return in excess of 10% during the 2016-2018 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 2017 at 137% of target based on our absolute total stockholder return in excess of 10% during the 2017-2018 performance period, plus dividend equivalents accrued during the period.
- The first tranche of market-leveraged stock units granted in February 2018 were cancelled since the threshold level of performance was not achieved based on our absolute total stockholder return during the 2018 performance period.
- Shares reflect the vesting of performance units granted in February 2016 at 200% of target, 50% based on our company's 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 percentage change in the Company's stock price, 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 2021, provided certain performance objectives are met as determined by the Compensation Committee in February 2022. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
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