Edgar Filing: Breig Geralyn

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â Breig Geralyn

2. Date of Event Requiring Statement (Month/Day/Year)
10/15/2008

3. Issuer Name and Ticker or Trading Symbol
AVON PRODUCTS INC [AVP]

(Last)

(First)

(Middle)

AVON PRODUCTS, INC.,Â 1345 AVENUE OF THE AMERICAS

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
SVP & President, North America

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10105

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	854.35	I	By 401(k) plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	Â ⁽¹⁾	03/30/2016	Common Stock	26,984	$ 30.97	D	Â
Stock Option (Right to Buy)	Â ⁽²⁾	03/06/2017	Common Stock	29,722	$ 36.77	D	Â
Stock Option (Right to Buy)	Â ⁽³⁾	03/04/2018	Common Stock	41,973	$ 38.8	D	Â
Restricted Stock Units ⁽⁴⁾	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	5,000	$ 0 ⁽⁶⁾	D	Â
Restricted Stock Units ⁽⁴⁾	Â ⁽⁷⁾	Â ⁽⁷⁾	Common Stock	2,000	$ 0 ⁽⁶⁾	D	Â
Restricted Stock Units ⁽⁴⁾	Â ⁽⁸⁾	Â ⁽⁸⁾	Common Stock	7,710	$ 0 ⁽⁶⁾	D	Â
Restricted Stock Units ⁽⁴⁾	Â ⁽⁹⁾	Â ⁽⁹⁾	Common Stock	8,492	$ 0 ⁽⁶⁾	D	Â
Restricted Stock Units ⁽⁴⁾	Â ⁽¹⁰⁾	Â ⁽¹⁰⁾	Common Stock	15,000	$ 0 ⁽⁶⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Breig Geralyn AVON PRODUCTS, INC. 1345 AVENUE OF THE AMERICAS NEW YORK,Â NYÂ 10105	Â	Â	Â SVP & President, North America	Â

Signatures

Kim K. Azzarelli, Attorney-in-Fact		10/24/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	This option vests in three equal annual installments beginning on 3/31/2007.
(2)	This option vests in three equal annual installments beginning on 3/07/2008.
(3)	This option vests in three equal annual installments beginning on 3/05/2009.
(4)	The reporting person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Avon Products, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
(5)	100% of the restricted stock units vest on 12/01/2008.
(6)	Units correspond 1-for-1 with common stock.
(7)	100% of the restricted stock units vest on 2/28/2009.
(8)	100% of the restricted stock units vest on 3/31/2009.
(9)	100% of the restricted stock units vest on 3/07/2010.
(10)	100% of the restricted stock units vest on 9/10/2010.

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