FERRY RICHARD M 4
4 · AVERY DENNISON CORPORATION · Filed Nov 14, 2003
Insider Transaction Report
Form 4
FERRY RICHARD M
Director
Transactions
- Exercise/Conversion
Common Stock
2003-11-14$15.28/sh+4,000$61,125→ 23,559 total - Tax Payment
Common Stock
2003-11-14$51.42/sh−1,189$61,144→ 22,370 total - Disposition to Issuer
Common Stock
2003-11-14$51.42/sh−1,054$54,202→ 21,316 total - Exercise/Conversion
Director Stock Option (Right to Buy)
2003-11-14−4,000→ 0 totalExercise: $15.28From: 1995-02-24Exp: 2004-02-24→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Represents reporting person's election to defer gain from exercise of option under the issuer's Capital Accumulation Plan ("CAP"). Reporting person surrendered the indicated option shares (including the indicated shares which were surrendered in payment of the option exercise price) in an exempt transaction under Rule 16b-3(e) and elected to defer receipt of the value thereof.
- [F2]Option grant under the Avery Dennison Corporation 1988 Stock Option Plan for Non-Employee Directors, in transaction that was exempt under old Rule 16b-3. Options are exerciseable in two cumulative installments of 50% each year beginning on the first anniversary date of the grant, which is the date given.