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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
2014 MSU Award | $ 0 (1) | 02/27/2014 | A | 47,621 | 02/27/2015 | 02/27/2018 | Common Stock | 47,621 | $ 0 | 47,621 | D | ||||
2014 PU Award | $ 0 (2) | 02/27/2014 | A | 49,763 | 02/27/2017 | 02/27/2017 | Common Stock | 49,763 | $ 0 | 49,763 | D | ||||
2014 MSU Award | $ 0 | 02/27/2014 | A | 47,621 | 02/27/2015 | 02/27/2018 | Common Stock | 47,621 | $ 0 | 95,242 | D | ||||
2011 PU Award | $ 0 | 02/27/2014 | J | 42,000 (4) | 02/27/2014 | 02/27/2014 | Common Stock | 42,000 | $ 0 | 0 | D | ||||
2013 MSU Award | $ 49.245 (1) | 02/27/2014 | M | 11,780 | 02/27/2014 | 03/01/2017 | Common Stock | 11,780 | $ 0 | 35,340 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SCARBOROUGH DEAN A 207 GOODE AVENUE GLENDALE, CA 91203 |
Chairman, President and CEO |
/s/ Barbara Bartoletti POA for Dean A. Scarborough | 03/03/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Market leveraged stock units vest 25% on each of the four anniversaries of the grant date using a conversion formula under which the number of shares earned is adjusted at each vesting date based on the percentage change in the Companys 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. |
(2) | Performance units vest, if at all, on December 31, 2016, provided certain Company performance objectives are met as determined in February 2017. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock. |
(3) | Additional acquired shares reflect the vesting of the first tranche of market leveraged stock units granted in February 2013 at 142% of target based on our absolute total shareholder return during 2013, plus payment of accrued dividend equivalents. |
(4) | The performance objective established for this award was not achieved, resulting in the cancellation of the award. |