0000897069-15-000111.txt : 20150210 0000897069-15-000111.hdr.sgml : 20150210 20150210103718 ACCESSION NUMBER: 0000897069-15-000111 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150210 DATE AS OF CHANGE: 20150210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVON PRODUCTS INC CENTRAL INDEX KEY: 0000008868 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 130544597 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-19944 FILM NUMBER: 15590895 BUSINESS ADDRESS: STREET 1: 777 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-282-5000 MAIL ADDRESS: STREET 1: 777 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YACKTMAN ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0000905567 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 455501824 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6300 BRIDGEPOINT PARKWAY STREET 2: BUILDING ONE, STE 500 CITY: AUSTIN STATE: TX ZIP: 78730 BUSINESS PHONE: 5127676700 MAIL ADDRESS: STREET 1: 6300 BRIDGEPOINT PARKWAY STREET 2: BUILDING ONE, STE 500 CITY: AUSTIN STATE: TX ZIP: 78730 FORMER COMPANY: FORMER CONFORMED NAME: YACKTMAN ASSET MANAGEMENT CO/IL DATE OF NAME CHANGE: 19970213 SC 13G 1 cg508.htm cg508.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.  )*

Avon Products, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

054303102
(CUSIP Number)

December 31, 2014
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
T                      Rule 13d-1(b)
 
£                      Rule 13d-1(c)
 
£                      Rule 13d-1(d)
 
*  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
1
 
CUSIP No. 054303102

1
NAME OF REPORTING PERSONS
 
Yacktman Asset Management LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
(a) ¨
(b) S
 
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
31,456,412
6
SHARED VOTING POWER
 
0
7
SOLE DISPOSITIVE POWER
 
31,470,712
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
31,470,712
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
Not Applicable
o
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
7.2% (1)
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IA

 
(1)
Based upon an aggregate of 434,655,663 shares outstanding as of September 30, 2014.

 
2
 
CUSIP No. 054303102

Item 1(a).
Name of Issuer:

 
Avon Products, Inc.

Item 1(b).
Address of Issuer’s Principal Executive Offices:

 
777 Third Avenue, New York, NY  10017-1307

Item 2(a).
Name of Person Filing:

 
The person filing this Schedule 13G is Yacktman Asset Management LP (“Yacktman”).  Yacktman is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.

Item 2(b).
Address of Principal Business Office or, if none, Residence:

 
6300 Bridgepoint Parkway
 
Building One, Suite 500
 
Austin, TX  78730

Item 2(c).
Citizenship:

 
Yacktman is a Delaware limited partnership.

Item 2(d).
Title of Class of Securities:

 
Common Stock

Item 2(e).
CUSIP Number:

 
054303102

Item 3.
If this statement is filed pursuant to sections 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 
T
An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).

 
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CUSIP No. 054303102


Item 4.
Ownership:

 
(a)
Amount Beneficially Owned:  31,470,712

 
(b)
Percent of Class:  7.2%

 
(c)
Number of shares as to which such person has:

 
(i)
sole power to vote or to direct the vote:  31,456,412

 
(ii)
shared power to vote or to direct the vote:  0

 
(iii)
sole power to dispose or to direct the disposition of:  31,470,712

 
(iv)
shared power to dispose or to direct the disposition of:  0

Item 5.
Ownership of Five Percent or Less of a Class:

 
N/A

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

 
N/A

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

 
N/A

Item 8.
Identification and Classification of Members of the Group:

 
N/A

Item 9.
Notice of Dissolution of Group:

 
N/A

 
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CUSIP No. 054303102


Item 10.
Certification:

 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:  February 10, 2015


YACKTMAN ASSET MANAGEMENT LP


By:      /s/ Donald A. Yacktman
 
Donald A. Yacktman, Partner
 
 
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