SEC Info - Roumell Asset Management, LLC, et al. - ‘SC 13D/A’ on 3/14/06 re: Putnam Managed High Yield Trust

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Roumell Asset Management, LLC, et al. – ‘SC 13D/A’ on 3/14/06 re: Putnam Managed High Yield Trust

On: Tuesday, 3/14/06, at 5:21pm ET · Accession #: 1331693-6-10 · File #: 5-80837

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

 3/14/06  Roumell Asset Management, LLC     SC 13D/A               1:14K  Putnam Managed High Yield Trust
          Deborah Billet-Roumell
          James C. Roumell

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Schedule 13D Amendment No. 1                           7     28K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Interest in Securities of the Issuer Materials to Be Filed as Exhibits Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
4	Item 3. Source and Amount of Funds or Other Consideration
"	Item 5. Interest in Securities of the Issuer
5	Item 7. Materials to Be Filed as Exhibits

SC 13D/A 1st Page of 7 TOC ↑Top Previous Next ↓Bottom Just 1st
 
   UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 (Amendment No. 1)

Under the Securities Exchange Act of 1934 

   Putnam Managed High Yield Trust
--------------------------------------------------------------------------------
(Name of Issuer)

  Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)

 746819101
--------------------------------------------------------------------------------
(CUSIP Number)

    James C. Roumell
     Roumell Asset Management, LLC
  3 Bethesda Metro Center, Suite 700
Bethesda, MD 20814
Phone:  (301) 961-1570  
--------------------------------------------------------------------------------
  (Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)  

March 8, 2006   
--------------------------------------------------------------------------------
 (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 which is the subject of this Schedule 13D, and is filing this   
schedule because of Rule 13d-1(e), Rule 13d-1(f), or Rule 13d-1(g), check the   
following box [X].                                                              

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 the 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 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).                                                       
--------------------------------------------------------------------------------

SC 13D/A 2nd Page of 7 TOC 1st Previous Next ↓Bottom Just 2nd
Schedule 13D Amendment No. 1                                              Page 2
-----------------------------                                      -------------

    CUSIP NO.: 746819101

1.       NAMES OF REPORTING PERSONS                                             

Roumell Asset Management, LLC                             

        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

52-2145132                                                

------------------------------------------------------------------------------- 

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                       
                                                          (a)  [ ]
                                                          (b)  [ ]
------------------------------------------------------------------------------- 
3.       SEC USE ONLY                                                           
------------------------------------------------------------------------------- 
4.       SOURCE OF FUNDS    OO                                                  
--------------------------------------------------------------------------------
5.        CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)                                         [ ]  
--------------------------------------------------------------------------------
6.         CITIZENSHIP OR PLACE OF ORGANIZATION                                 

Maryland                                                  
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                
NUMBER OF                 0                                                     
SHARES              ------------------------------------------------------------
BENEFICIALLY         8.   SHARED VOTING POWER                                   
OWNED BY                  1,350,758                                             
EACH                ------------------------------------------------------------
REPORTING            9.   SOLE DISPOSITIVE POWER                                
PERSON                    1,350,758                                             
WITH                ------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER         
0                           
--------------------------------------------------------------------------------
11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           
1,350,758 (1)                                                 
--------------------------------------------------------------------------------
12.      CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN             
SHARES                                               [ ]      
--------------------------------------------------------------------------------
13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                       
18.1%                                                         
--------------------------------------------------------------------------------
14.      TYPE OF REPORTING PERSON                                               
IA                                                            
--------------------------------------------------------------------------------

(1)     The 1,350,758 shares are deemed to be owned beneficially by Roumell     
Asset Management, LLC solely as a result of its discretionary power over        
such shares as investment adviser.  Roumell Asset Management, LLC has no        
economic interest in these shares and thus disclaims beneficial ownership       
thereof.                                                                        

SC 13D/A 3rd Page of 7 TOC 1st Previous Next ↓Bottom Just 3rd
Schedule 13D Amendment No. 1                                              Page 3
-----------------------------                                      -------------

    CUSIP NO.: 746819101

1.       NAMES OF REPORTING PERSONS                                             

James C. Roumell and Deborah Billet-Roumell               

        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

------------------------------------------------------------------------------- 

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                       
                                                          (a)  [ ]
                                                          (b)  [ ]
------------------------------------------------------------------------------- 
3.       SEC USE ONLY                                                           
------------------------------------------------------------------------------- 
4.       SOURCE OF FUNDS    PF                                                  
--------------------------------------------------------------------------------
5.       CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO       
ITEMS                                                         
2(d) OR 2(e)                           [ ]                    
--------------------------------------------------------------------------------
6.       CITIZENSHIP OR PLACE OF ORGANIZATION                                   

United States                                                 
--------------------------------------------------------------------------------
7.   SOLE VOTING POWER                
NUMBER OF                 0                                                     
SHARES              ------------------------------------------------------------
BENEFICIALLY         8.   SHARED VOTING POWER                                   
OWNED BY                  3,400                                                 
EACH                ------------------------------------------------------------
REPORTING            9.   SOLE DISPOSITIVE POWER                                
PERSON                    0                                                     
WITH                ------------------------------------------------------------
10.  SHARED DISPOSITIVE POWER         
3,400                       
--------------------------------------------------------------------------------
11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           
3,400                                                         
--------------------------------------------------------------------------------
12.      CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN             
SHARES                                               [ ]      
--------------------------------------------------------------------------------

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11                       
*%                                                            
--------------------------------------------------------------------------------
14.      TYPE OF REPORTING PERSON                                               
IN                                                            
--------------------------------------------------------------------------------

*  Less than 1%.                                                                

SC 13D/A 4th Page of 7 TOC 1st Previous Next ↓Bottom Just 4th
Schedule 13D Amendment No. 1                                              Page 4
----------------------------                                        ------------
    CUSIP NO:  746819101

This amendment no. 1 amends Schedule 13D (the "Statement"), dated               
February 13, 2006.  Except as set forth below, the information contained in the 
Statement remains unchanged.  To the extent that any information is provided    
herein with respect to Putnam Managed High Yield Trust (the "Issuer"), such     
information is provided based upon information that the Issuer has made         
publicly available.                                                             

Items 3, 5, and 7 of the Statement are hereby amended to read in full as        
follows:                                                                        

Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                       

Roumell Asset Management directed client accounts as to which it had            
discretionary authority to purchase, for the clients' benefit and in the        
clients' names (or in street names), 1,350,758 shares of common stock.  The     
aggregate purchase price was $10,603,042, inclusive of brokerage commissions.   
The sources of funding for these purchases were individual client funds. Mr.    
and Mrs. Roumell purchased 3,400 shares of common stock, as joint tenants       
with right to survivorship, for a purchase price of $27,936.96, inclusive of    
brokerage commissions.  The source of funding for this purchase was             
individual funds.                                                               

Item 5. INTEREST IN SECURITIES OF THE ISSUER                                    

     (a)     As determined by Rule 13d-3 of the Securities
Exchange Act of 1934, Roumell Asset Management may be said to have              
beneficial ownership of an aggregate of 1,350,758 shares of the Issuer's        
common stock, representing 18.1% of its outstanding shares (based upon          
the information contained in the Issuer's semi-annual report filed              
January 27, 2006).  Mr. and Mrs. Roumell have beneficial ownership of           
3,400 shares of the Issuer's common stock, representing less than 1% of         
its outstanding shares (based upon the information contained in the             
Issuer's semi-annual report filed January 27, 2006).                            

(b)     Roumell Asset Management                

               (i)      SOLE POWER TO VOTE OR DIRECT THE VOTE:
 0
                 (ii)     SHARED POWER TO VOTE OR DIRECT THE VOTE:
                                1,350,758 shares of common stock
                        (iii)   SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION:
                                1,350,758 shares of common stock
                        (iv)  SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION:
 0

The 1,350,758 shares are deemed to be owned beneficially by Roumell Asset       
Management solely as a result of its discretionary power over such shares       
as investment adviser.  Roumell Asset Management has no economic interest       
in these shares and thus disclaims beneficial ownership thereof.                

   (b)     James C. Roumell and Deborah Billet-Roumell
           As Joint Tenants With Right of Survivorship

               (i)      SOLE POWER TO VOTE OR DIRECT THE VOTE:
 0
                 (ii)     SHARED POWER TO VOTE OR DIRECT THE VOTE:
                            3,400 shares of common stock
                        (iii)   SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION:
 0
                        (iv)  SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION:
     3,400

(c)     During the 60 period ending March 13, 2006,             
Roumell Asset Management conducted the following transactions in the            
Issuer's common stock. Each of the above listed transactions was conducted      
in the ordinary course of business on the open market for cash. Purchase and    
sale prices include brokerage commissions paid.                                 

Buy/Sell        Date            No. of Shares   Purchase Price                  
---------       ----------      -------------   --------------                  
BUY             01/30/06        18,700          $8.0070                         
BUY             01/31/06        8,100           $8.0470                         
BUY             02/01/06        500             $8.0500                         
BUY             02/03/06        493,200         $7.9403-$8.0115                 
BUY             02/06/06        15,850          $8.04-$8.0499                   
BUY             02/07/06        7,600           $8.1000                         
BUY             02/08/06        5,500           $8.1000                         
BUY             02/09/06        9,700           $8.0992-$8.10                   
BUY             02/24/06        23,500          $8.0961                         
BUY             02/27/06        10,050          $8.1500                         
BUY             02/28/06        3,100           $8.1500                         
BUY             03/01/06        3,700           $8.1500                         
BUY             03/02/06        1,500           $8.1500                         
BUY             03/03/06        14,600          $8.13-$8.17                     
BUY             03/06/06        6,350           $8.1500                         
BUY             03/07/06        10,500          $8.1119                         
BUY             03/08/06        17,000          $8.0510                         
BUY             03/09/06        15,950          $8.03-$8.0408                   
BUY             03/10/06        12,000          $8.1475                         
BUY             03/13/06        46,000          $7.96-$8.15                     

Mr. and Mrs. Roumell did not have any transactions in the Issuer's common stock 
during the 60 period ending March 13, 2006.                                     

            (d)     Roumell Asset Management's advisory clients have the
right to receive or direct the receipt of dividends from, or the proceeds       
from the sale of, the 1,350,758 shares of the Issuer's common stock. Mr. and    
Mrs. Roumell have the right to receive or direct the receipt of dividends from, 
or the proceeds from the sale of, the 3,400 shares of the Issuer's common       
stock.                                                                          

(e)     Not Applicable.                         

SC 13D/A 5th Page of 7 TOC 1st Previous Next ↓Bottom Just 5th
Schedule 13D Amendment No. 1                                              Page 5
----------------------------                                      --------------

 CUSIP NO.:  746819101

Item 7. MATERIALS TO BE FILED AS EXHIBITS                                       

Exhibit 1       Form of Roumell Asset Management, LLC Investment                
      Advisory Agreement (incorporated by reference from the
original Schedule 13D filed February 13, 2006). 

Exhibit 2       Joint Filing Agreement by and among Roumell Asset Management,   
 LLC, James C. Roumell and Deborah Billet-Roumell.

SC 13D/A 6th Page of 7 TOC 1st Previous Next ↓Bottom Just 6th
Schedule 13D Amendment No. 1                                              Page 6
----------------------------                                      --------------

SIGNATURE           

After reasonable inquiry and to the best of his/hers/its knowledge and          
belief, each of the undersigned Reporting Persons certifies that the            
information set forth in this statement with respect to him/her/it is           
true, complete and correct.                                                     

Dated: March 14, 2006                                                           

     Roumell Asset Management, LLC

By: /s/ James C. Roumell
              ------------------------
      Name: James C. Roumell
Title: President

    James C. Roumell and Deborah
         Billet-Roumell,Joint Tenants With
Right of Survivorship   

By: /s/ James C. Roumell
            ------------------------------------
James C. Roumell        

SC 13D/A Last Page of 7 TOC 1st Previous Next ↓Bottom Just 7th
Exhibit 2                                                                       

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as      
amended, the undersigned hereby agree, as of March 14, 2006, that only          
one statement containing the information required by Schedule 13D, and          
each amendment thereto, need be filed with respect to the ownership by each     
of the undersigned of shares of common stock of Putnam Managed High Yield       
Trust, and such statement to which this Joint Filing Agreement is attached      
as Exhibit 2 is filed on behalf of each of the undersigned.                     

                               ROUMELL ASSET MANAGEMENT, LLC

                          By: /s/ James C. Roumell
                                      ------------------------------------
                  James C. Roumell
           President

                              JAMES C. ROUMELL AND DEBORAH
                       BILLET-ROUMELL, JOINT
                       TENANTS WITH RIGHT OF
              SURVIVORSHIP

                          By: /s/ James C. Roumell
                                      ------------------------------------
                  James C. Roumell

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	3/14/06	6	7	425
	3/13/06	4
	3/8/06	1
	2/13/06	4	5	3, SC 13D
	1/27/06	4		N-CSR
				List all Filings

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Filing Submission 0001331693-06-000010 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Roumell Asset Management, LLC, et al. – ‘SC 13D/A’ on 3/14/06 re: Putnam Managed High Yield Trust

On: Tuesday, 3/14/06, at 5:21pm ET · Accession #: 1331693-6-10 · File #: 5-80837

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents