-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WNtStxXt0hZBpH23WzrjgtcAgnA+FXkOjSw00gTmoeHDF+MvE7gn2QuwUd8vxhyz ijE+AgNExqMfiKFMjkyooA== 0000909518-07-000415.txt : 20070508 0000909518-07-000415.hdr.sgml : 20070508 20070508154012 ACCESSION NUMBER: 0000909518-07-000415 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070508 DATE AS OF CHANGE: 20070508 GROUP MEMBERS: OLIMPIA S.P.A. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELECOM ITALIA S P A CENTRAL INDEX KEY: 0000948642 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 000000000 STATE OF INCORPORATION: L6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61827 FILM NUMBER: 07828051 BUSINESS ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 BUSINESS PHONE: 011-39-02-8595-1 MAIL ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 FORMER COMPANY: FORMER CONFORMED NAME: STET SOCIETA FINANZIARIA TELEFONICA PA DATE OF NAME CHANGE: 19950727 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIRELLI S P A CENTRAL INDEX KEY: 0001156964 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: VIALE SARCA 222 20126 CITY: MILAR ITALY STATE: L6 ZIP: 00000 SC 13D/A 1 mm05-0707_13da54.txt AMEND. NO. 54 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (Amendment No. 54) ------------------------------ TELECOM ITALIA S.P.A. (Name of Issuer) ORDINARY SHARES OF EURO 0.55 PAR VALUE EACH 87927W10 (Title of class of securities) (CUSIP number) ALEXANDER ROSENZWEIG, ESQ. VICE PRESIDENT AND CHIEF LEGAL OFFICER PIRELLI NORTH AMERICA, INC. 75 FIFTH STREET, SUITE 320-321 ATLANTA, GEORGIA 30308 (404) 920-0744 WITH A COPY TO: ELLEN J. ODONER, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 (Name, address and telephone number of person authorized to receive notices and communications) APRIL 19, 2007 AND APRIL 27, 2007 (Date of event which requires filing of this statement) 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. (Continued on following pages) (Page 1 of 5 Pages) - ------------------------------------ ---------------------------------- CUSIP No. 87927W10 13D Page 2 of 5 - ------------------------------------ ---------------------------------- - --------------- ------------------------------------------------------------- 1 NAME OF REPORTING PERSON PIRELLI & C. S.p.A. I.R.S. IDENTIFICATION NO. Not Applicable OF ABOVE PERSON - --------------- ------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a)[X] GROUP: (b)[_] - --------------- ------------------------------------------------------------- 3 SEC USE ONLY - --------------- ------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, WC - --------------- ------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - --------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy - --------------- ------------------------------------------------------------- 7 SOLE VOTING POWER: 182,113,185 NUMBER OF SHARES ----------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359 OWNED BY (See Item 5) EACH ----------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER: 182,113,185 PERSON WITH ----------- ------------------------------------------------ 10 SHARED DISPOSITIVE 2,407,345,359 POWER: (See Item 5) - --------------- ------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,589,458,544 BY REPORTING PERSON: - --------------- ------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - --------------- ------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 19.35% (11): - --------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - --------------- ------------------------------------------------------------- - ------------------------------------ ---------------------------------- CUSIP No. 87927W10 13D Page 3 of 5 - ------------------------------------ ---------------------------------- - --------------- ------------------------------------------------------------- 1 NAME OF REPORTING PERSON OLIMPIA S.p.A. I.R.S. IDENTIFICATION NO. Not Applicable OF ABOVE PERSON - --------------- ------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a)[X] GROUP: (b)[_] - --------------- ------------------------------------------------------------- 3 SEC USE ONLY - --------------- ------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - --------------- ------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - --------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy - --------------- ------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ----------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359 OWNED BY (See Item 5) EACH ----------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER: 0 PERSON WITH ----------- ------------------------------------------------ 10 SHARED DISPOSITIVE 2,407,345,359 POWER: (See Item 5) - --------------- ------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,407,345,359 BY REPORTING PERSON: (See Item 5) - --------------- ------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - --------------- ------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.99% (11): (See Item 5) - --------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - --------------- ------------------------------------------------------------- This Amendment No. 54 amends the Statement on Schedule 13D, dated August 9, 2001, as amended (as previously amended, the "Statement on Schedule 13D"), filed by Pirelli S.p.A. (which, as reported in Amendment No. 21 to the Statement on Schedule 13D, subsequently merged with and into Pirelli & C. S.p.A., a company incorporated under the laws of the Republic of Italy), and, commencing with Amendment No. 1 thereto, Olimpia S.p.A., a company incorporated under the laws of the Republic of Italy, with respect to the ordinary shares, euro 0.55 par value per share, of Telecom Italia S.p.A., a company incorporated under the laws of the Republic of Italy. Capitalized terms used in this Amendment without definition have the meanings ascribed to them in the Statement on Schedule 13D. Pirelli & C., Olimpia, Sintonia S.p.A. (which, it publicly announced on March 9, 2007, has replaced Edizione Holding in various shareholders agreements relating to Olimpia) and Sintonia S.A. (which, according to Sintonia S.p.A.'s public announcement, is the new name of Edizione Finance) are members of a group with respect to the Telecom Italia Shares. This Amendment constitutes a separate filing on Schedule 13D by Pirelli & C. and Olimpia in accordance with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934. Pirelli & C. and Olimpia are responsible solely for the information contained in their separate filing, except that information contained in the Statement on Schedule 13D concerning any director or officer of Olimpia nominated by Sintonia S.p.A., its predecessor Edizione Holding or Sintonia S.A. has been provided by the nominating person or by such nominee director or officer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER On April 19, 2007, Pirelli Finance (Luxembourg) S.A. ("PFL") entered into two separate share forward agreements with Banca Caboto S.p.A. and Intesa Sanpaolo S.p.A., respectively, under similar terms and conditions, whereby PFL agreed to sell and immediately repurchase an aggregate number of 134,957,885 Telecom Italia Shares on April 19, 2007 (the "effective date"). Under each share forward agreement, Banca Caboto S.p.A. and Intesa Sanpaolo S.p.A. assume the risk of any increases in the price of the notional number of Telecom Italia Shares covered by the agreements between the effective date of each transaction and the valuation date of July 24, 2007, subject to any early termination. Reference is made to the equity swap transaction between Olimpia and UniCredit Banca Mobiliare S.p.A. ("UBM") described in item 5 of Amendment No. 7 to the Statement on Schedule 13D. On April 27, 2007, the parties settled the transaction in cash at an average price of Euro 2.3578 per Telecom Italia Share without the physical delivery of securities. Page 4 of 5 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 8, 2007 PIRELLI & C. S.p.A. By: /s/ Anna Chiara Svelto -------------------------------- Name: Anna Chiara Svelto Title: Attorney-in-fact OLIMPIA S.p.A. By: /s/ Luciano Gobbi -------------------------------- Name: Luciano Gobbi Title: Director and Attorney-in-fact Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----