FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT 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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(Print or Type Responses)

1. Name and Address of Reporting Person * COLATRELLA ANTHONY S   2. Issuer Name and Ticker or Trading Symbol PAXAR CORP [PXR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President and CFO (Last) (First) (Middle) C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 06/15/2007 (Street) WHITE PLAINS, NY 10604 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 18.425

06/15/2007

D

18,750

(1)

07/18/2015

Common Stock

18,750

(1)

0

D

Stock Option (right to buy)

$ 20.35

06/15/2007

D

9,075

(2)

01/26/2016

Common Stock

9,075

(2)

0

D

Stock Option (right to buy)

$ 22.02

06/15/2007

D

12,503

(3)

01/25/2017

Common Stock

12,503

(3)

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
COLATRELLA ANTHONY S C/O PAXAR CORPORATION 105 CORPORATE PARK DRIVE WHITE PLAINS, NY 10604			Vice President and CFO

Signatures

/s/ Robert S. Stone, Attorney-in-Fact		06/19/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	The reporting person was granted options to purchase 25,000 shares of common stock on 7/18/2005, which became exercisable in four equal annual installments beginning on 7/18/2006. 18,750 shares remain unexercised and these options were cancelled in ther merger in exchange for options to purchase shares of Avery Dennison's common stock, representing the product of 18,750 shares if common stock and $30.50 divided by the average Avery Dennison stock price of $64.819 over the 20 trading days immediately prior to the merger.
(2)	The reporting person was granted options to purchase 12,100 shares of common stock on 1/26/2006, which became exercisable in four equal annual installments beginning on 1/26/2007. 9,075 shares remain unexercised and these options were cancelled in ther merger in exchange for options to purchase shares of Avery Dennison's common stock, representing the product of 9,075 shares if common stock and $30.50 divided by the average Avery Dennison stock price of $64.819 over the 20 trading days immediately prior to the merger.
(3)	The reporting person was granted options to purchase 12,503 shares of common stock on 1/25/2007, which became exercisable in four equal annual installments beginning on 1/25/2008. 12,503 shares remain unexercised and these options were cancelled in ther merger in exchange for options to purchase shares of Avery Dennison's common stock, representing the product of 12,503 shares if common stock and $30.50 divided by the average Avery Dennison stock price of $64.819 over the 20 trading days immediately prior to the merger.

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