UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No.__1)
ADVO Inc.
(Name of Issuer)
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Common Stock
(Title of Class of Securities)
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007585102
(CUSIP NUMBER)
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David Aufhauser, Esq.
UBS AG
299 Park Avenue
New York, New York 10171
212-821-3000
(Name, address and telephone number of person authorized to receive notices
and communications)
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November 8, 2006
(Date of Event That Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
* 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 on 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 Names and I.R.S. Identification Nos. of Reporting Persons
UBS AG (for the benefit and on behalf of UBS Investment Bank, Wealth
Management USA, and Global Wealth Management and Business Banking business
groups of UBS AG)
* See item 5
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2 Check the Appropriate Box if a Member of a Group a [ ]
b [ ]
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3 SEC USE ONLY
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4 Source of Funds
BK.AF,WC
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5 Check box if disclosure of legal proceedings is required pursuant to Item
2(d) or 2(e) [X]
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6 Citizenship or Place of Organization
Switzerland
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7. Sole Voting Power:
Number of 1,770,095
Shares -----------------------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned 0
by -----------------------------------------------------------------
Each 9. Sole Dispositive Power:
Reporting 1,770,095
Person -----------------------------------------------------------------
With: 10. Shared Dispositive Power:
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,770,095
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13 Percent of Class Represented by Amount in Row (11)
5.57%
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14 Type of Reporting Person
BK
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2
Item 1. Security and Issuer
Common Stock
ADVO, Inc.
One Targeting Centre
Windsor, CT 06095
Item 2. Identity and Background
UBS AG
Principal business: UBS AG is a major international banking and financial firm.
UBS AG's principal business office is located at:
Bahnhofstrasse 45
CH-8021, Zurich, Switzerland
UBS AG, a Swiss banking corporation, is publicly owned, and its shares are
listed on the Zurich, New York and Tokyo stock exchanges. Subsidiaries of UBS AG
include UBS Securities LLC and UBS Financial Services Inc. Like most securities
firms, UBS Securities LLC and UBS Financial Services Inc. are, and have been,
defendant(s) in numerous legal actions brought by private plaintiffs relating to
their securities businesses that allege various violations of federal and state
securities laws. UBS Securities LLC and UBS Financial Services Inc. are wholly
owned subsidiaries of UBS AG. UBS AG, a Swiss banking corporation, is publicly
owned, and its shares are listed on the Zurich, New York and Tokyo stock
exchanges. UBS AG files annual reports on Form 20-F with the SEC, and also files
quarterly reports and certain other material information with the SEC under
cover of Form 6-K. These reports are publicly available. These reports include
material information about UBS Securities LLC matters, including information
about any material litigation or administrative proceedings.
Further, UBS AG, UBS Securities LLC and UBS Financial Services Inc., and other
affiliated entities, like most large, full service investment banks and
broker-dealers, receive inquiries and are sometimes involved in investigations
by the Federal Reserve Bank, SEC, NYSE and various
other regulatory organizations and government agencies. UBS AG and its
affiliates and subsidiaries fully cooperate with the authorities in all such
requests. UBS Securities LLC and UBS Financial Services Inc. regularly report to
the National Association of Securities Dealers, Inc. on Form B-D and to the SEC
on Schedule E to Form ADV investigations that result in orders. These reports
are publicly available.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds for the purchases of the Common Stock (as defined above in
Item 1) was internal funds of UBS AG and the affiliates that purchased the
subject securities and/or the available funds of clients if shares purchased on
a discretionary basis for client accounts.
Item 4. Purpose of Transaction
The shares of Common Stock were acquired for investment and proprietary trading
purposes and not with the purpose or effect of changing or influencing control
of the Issuer. UBS AG and its affiliates review their respective holdings of the
Issuer on an ongoing basis. Depending on such evaluations, UBS and its
affiliates may from time to time in the future acquire additional shares in
connection with such investment and risk arbitrage activities. Except as
otherwise described herein, none of the reporting persons has any plans or
proposals relating to or which would result in any of the transactions described
in Items 4(a) - (j) of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a)-(b) This filing reflects shares beneficially owned by UBS Investment Bank,
Wealth Management USA and Global Wealth Management and Business Banking business
groups of UBS AG (the "Business Groups"), through the following entities through
those business groups:
UBS AG London Branch
UBS Portfolio LLC
UBS AG Frankfurt
UBS Ltd
UBS Warburg Private Clients Ltd
UBS AG Tokyo branch
UBS AG (Switzerland)
UBS Warburg Securities (Pty) Ltd (South Africa)
UBS International Ltd
UBS Warburg Securities Ltd
Banco UBS Warburg S.A
UBS Warburg Corretora de Cambio e Valores
Mobiliarios S.A.
UBS Warburg Trading S.A.
UBS Bunting Warburg Inc
UBS Capital Americas Investments III, Ltd.
UBS Capital II LLC
UBS Capital LLC
UBS AG Brazil
UBS Limited
UBS Capital Americas Investments II Ltd
SBC Equity Partners AG
UBS Capital Asia Pacific Ltd
UBS Capital Holdings LLC
UBS Capital Jersey Ltd
UBS Capital BV
UBS (USA) Inc
UBS Warburg AG (Frankfurt)
UBS Securities Australia Ltd
UBS Securities (Japan) Ltd
UBS Securities LLC
UBS Securities New Zealand Limited
UBS New Zealand Limited
UBS AG Australia Branch
UBS Capital Markets LP
UBS Capital Latin America LDC
UBS Securities France SA
UBS AG Canada Branch
UBS Cayman Ltd.
PaineWebber Capital Inc
Paine Webber International Inc
UBS Fiduciary Trust Company
UBS Financial Services Incorporated of Puerto Rico
UBS Americas Inc
UBS Financial Services Inc.
SRM LP
(c) - As required, the following information below describes trading in the
above mentioned class of securities that is considered reportable within the
past sixty day.
* This amended filing includes trading activity not disclosed on the original
13D filing dated November 17, 2006. The additional trading activity
mentioned below was and is already included in the reporting person's
overall reportable position of 5.57% as noted above.
On September 18, 2006 the firm purchased 315 AD MAR 16 2007 35 Strike Calls
@.935365 on the CBOE, purchased 1000 AD MAR 16 2007 30 Strike Calls @ 3 on the
CBOE and sold 1000 AD MAR 16 2007 35 Strike Calls @ 1 on the CBOE.
On November 1, 2006 the firm purchased 23,714 shares @ 29.11 on the NYSE, 786
shares @ 29.095 on ARCA, 100 shares @ 29.19 on BRUT, 400 shares @ 29.05 on INET
and sold 55,000 shares in the third market.
On November 8, 2006 the firm purchased 461 AD DEC 15 2006 30 Strike Calls @
1.3 on the CBOE.
The Reporting Person has sole voting and dispositive power over all of the
shares reported above.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
To the best knowledge of UBS AG, no contracts, arrangements, understandings or
relationships (legal or otherwise) exist UBS AG and any other person with
respect to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits
None
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
UBS AG
By: /s/ Edward Buscemi
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Edward Buscemi
Executive Director
By: /s/ Gordon Kiesling
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Gordon Kiesling
Executive Director
Date: November 21, 2006