SEC Form 4 
FORM 4	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 	  
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	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).			
1. Name and Address of Reporting Person*
Carlyle Group Management L.L.C.	

(Last)	(First)	(Middle)	
C/O THE CARLYLE GROUP	
1001 PENNSYLVANIA AVE. NW, SUITE 220S	

(Street) 
WASHINGTON	DC	20004	

(City)	(State)	(Zip)	
	2. Issuer Name and Ticker or Trading Symbol 
Nielsen N.V. [ NLSN ] 	5. Relationship of Reporting Person(s) to Issuer 
(Check all applicable) 
	Director	X	10% Owner	
	Officer (give title below)		Other (specify below)	

	3. Date of Earliest Transaction (Month/Day/Year)
03/05/2015 		
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) 
	Form filed by One Reporting Person	
X	Form filed by More than One Reporting Person	
	
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1. Title of Security (Instr. 3) 	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8) 	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 	5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 	7. Nature of Indirect Beneficial Ownership (Instr. 4) 	
			Code	V	Amount	(A) or (D)	Price				
Common Stock	03/05/2015		S		4,000,000(1) 	D	$45 	9,371,209.67(1)(2) 	I	See footnote(3) 	
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) 	
1. Title of Derivative Security (Instr. 3) 	2. Conversion or Exercise Price of Derivative Security 	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8) 	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 	6. Date Exercisable and Expiration Date (Month/Day/Year)	7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 	8. Price of Derivative Security (Instr. 5) 	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 	11. Nature of Indirect Beneficial Ownership (Instr. 4) 	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
1. Name and Address of Reporting Person*
Carlyle Group Management L.L.C.	

(Last)	(First)	(Middle)	
C/O THE CARLYLE GROUP	
1001 PENNSYLVANIA AVE. NW, SUITE 220S	

(Street) 
WASHINGTON	DC	20004	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
TC Group Cayman Investment Holdings, L.P.	

(Last)	(First)	(Middle)	
C/O INTERTRUST CORPORATE SERVICES	
190 ELGIN AVENUE	

(Street) 
GEORGE TOWN, GRAND CAYMAN	E9	KY1-9005	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
TC Group Cayman Investment Holdings Sub L.P.	

(Last)	(First)	(Middle)	
C/O INTERTRUST CORPORATE SERVICES	
190 ELGIN AVENUE	

(Street) 
GEORGE TOWN, GRAND CAYMAN	E9	KY1-9005	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
Carlyle Group L.P.	

(Last)	(First)	(Middle)	
C/O THE CARLYLE GROUP	
1001 PENNSYLVANIA AVE. NW, SUITE 220S	

(Street) 
WASHINGTON	DC	20004	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
Carlyle Holdings II GP L.L.C.	

(Last)	(First)	(Middle)	
C/O THE CARLYLE GROUP	
1001 PENNSYLVANIA AVE. NW, SUITE 220S	

(Street) 
WASHINGTON	DC	20004	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
Carlyle Holdings II L.P.	

(Last)	(First)	(Middle)	
C/O THE CARLYLE GROUP	
1001 PENNSYLVANIA AVE. NW, SUITE 220S	

(Street) 
WASHINGTON	DC	20004	

(City)	(State)	(Zip)	
	
Explanation of Responses:	
1. These shares represent shares of common stock that were sold or are held by Valcon Acquisition Holding (Luxembourg) S.a r.l. ("Luxco").	
2. Includes 7,386,092.69 securities attributable to Carlyle Partners IV Cayman, L.P. ("CP IV"), 298,298.68 securities attributable to CP IV Coinvestment Cayman, L.P. ("CP IV Coinvest") and 1,686,818.30 securities attributable to CEP II Participations S.a r.l. SICAR ("CEP II P"), each through its ownership of securities of Luxco.	
3. Carlyle Group Management L.L.C. is the general partner of The Carlyle Group L.P., which is a publicly traded entity listed on NASDAQ. The Carlyle Group L.P. is the managing member of Carlyle Holdings II GP L.L.C., which is the general partner of Carlyle Holdings II L.P., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the general partner of TC Group Cayman Investment Holdings Sub L.P. The general partner of each of CP IV and CP IV Coinvest is TC Group IV Cayman, L.P., whose general partner is CP IV GP, Ltd., which is wholly owned by TC Group Cayman Investment Holdings Sub L.P. CEP II P's sole shareholder is Carlyle Europe Partners II, L.P., whose general partner is CEP II Managing GP, L.P., whose general partner is CEP II Managing GP Holdings, Ltd., whose sole shareholder is TC Group Cayman Investment Holdings Sub L.P.	
Remarks:	
Due to the limitations of the electronic filing system, CP IV GP, Ltd., TC Group IV Cayman, L.P., Carlyle Partners IV Cayman, L.P., CP IV Coinvestment Cayman, L.P., CEP II Managing GP Holdings, Ltd., CEP II Managing GP, L.P., Carlyle Europe Partners II, L.P. and CEP II Participations S.a r.l. SICAR are filing a separate Form 4.	
	CARLYLE GROUP MANAGEMENT L.L.C., By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	THE CARLYLE GROUP L.P., By: Carlyle Group Management L.L.C., its general partner, By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	CARLYLE HOLDINGS II GP L.L.C., By: The Carlyle Group L.P., its managing member By: Carlyle Group Management L.L.C., its general partner, By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	CARLYLE HOLDINGS II L.P. By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	TC GROUP CAYMAN INVESTMENT HOLDINGS, L.P., By: Carlyle Holdings II L.P., its general partner, By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	TC GROUP CAYMAN INVESTMENT HOLDINGS SUB L.P., By: TC Group Cayman Investment Holdings, L.P., its general partner, By: Carlyle Holdings II L.P., its general partner, By: /s/ Jeremy W. Anderson, attorney-in-fact	03/09/2015	
	** Signature of Reporting Person	Date	
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
* If the form is filed by more than one reporting person, see Instruction 4 (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).	
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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