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1
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NAME OF REPORTING PERSONS
Yacktman Asset Management LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) ¨
(b) S
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
34,834,800
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
34,998,500
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,998,500
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
Not Applicable
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0% (1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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(1)
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Based upon an aggregate of 435,398,380 shares outstanding as of September 30, 2015.
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Item 1(a).
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Name of Issuer:
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Avon Products, Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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777 Third Avenue, New York, NY 10017-1307
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Item 2(a).
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Name of Person Filing:
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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.
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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6300 Bridgepoint Parkway
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Building One, Suite 500
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Austin, TX 78730
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Item 2(c).
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Citizenship:
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Yacktman is a Delaware limited partnership.
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Item 2(d).
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Title of Class of Securities:
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Common Stock
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Item 2(e).
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CUSIP Number:
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054303102
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Item 3.
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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:
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T
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An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
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Item 4.
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Ownership:
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(a)
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Amount Beneficially Owned: 34,998,500
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(b)
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Percent of Class: 8.0%
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(c)
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Number of shares as to which such person has:
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(i)
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sole power to vote or to direct the vote: 34,834,800
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(ii)
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shared power to vote or to direct the vote: 0
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(iii)
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sole power to dispose or to direct the disposition of: 34,998,500
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(iv)
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shared power to dispose or to direct the disposition of: 0
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Item 5.
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Ownership of Five Percent or Less of a Class:
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N/A
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person:
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N/A
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
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N/A
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Item 8.
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Identification and Classification of Members of the Group:
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N/A
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Item 9.
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Notice of Dissolution of Group:
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N/A
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Item 10.
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Certification:
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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.
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Donald A. Yacktman, Partner
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