-----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, T0/6AfdLYnYAexu11G+M4PqwSUvOESKxIa/yLXV6TphRZRwCmhjkiQSVzqhzrc2d 6pY0f85MzqxGBW68wBIhgw== 0000950123-07-002143.txt : 20070214 0000950123-07-002143.hdr.sgml : 20070214 20070214153523 ACCESSION NUMBER: 0000950123-07-002143 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 GROUP MEMBERS: GUSTAVO A. CISNEROS GROUP MEMBERS: VENEVISION INTERNATIONAL CORPORATION GROUP MEMBERS: VENEVISION INVESTMENTS LLC GROUP MEMBERS: VVI INVESTMENTS CORP FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CISNEROS RICARDO CENTRAL INDEX KEY: 0001034116 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O FINSER CORP STREET 2: 550 BILTMORE WAY 9TH FL CITY: CORAL GABLES STATE: FL ZIP: 33134 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVISION COMMUNICATIONS INC CENTRAL INDEX KEY: 0001017008 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 954398884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48237 FILM NUMBER: 07619660 BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STE 3050 CITY: LOS ANGLES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105567676 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS INC SUITE 3050 CITY: LOS ANGLES STATE: CA ZIP: 90067 SC 13G/A 1 y30450sc13gza.txt AMENDMENT NO. 4 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* UNIVISION COMMUNICATIONS INC. (Name of Issuer) CLASS A COMMON STOCK (Title of Class of Securities) 914906102 (CUSIP Number) December 31, 2006 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) [ ] Rule 13d-1 (c) [X] Rule 13d-1 (d) CUSIP No. 914906102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Gustavo A. Cisneros (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 31,250 (2) ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 10,954,706 (3), (4) OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 31,250 (2) WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 10,954,706 (3), (4) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,985,956 (2), (3), (4) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.40% (5) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- (1) The filing of this Schedule 13G shall not be construed as an admission by Gustavo A. Cisneros that he is the beneficial owner of any securities covered hereby for any purposes other than Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"). (2) Includes 31,250 director stock options granted by the Univision Communications Inc. (the "Issuer") to Gustavo A. Cisneros that are fully exercisable or will vest and become exercisable within 60 days of February 14, 2007. (3) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock issuable upon exercise of warrants held by Venevision Investments LLC. These warrants to purchase Class A or Class V Common Stock are subject to certain exercise restrictions because such warrants may be exercised by their respective holders only if the aggregate shares owned by Televisa Internacional S.A. de C.V. ("Televisa"), Venevision Investments LLC and all non-U.S. aliens represent not more than 25% of the outstanding stock of the Issuer. (4) A trust principally for the benefit of the family of Gustavo A. Cisneros and a trust principally for the benefit of the family of Ricardo J. Cisneros, or foundations or entities established primarily for the benefit of any one or more of the foregoing persons, each owns a 50% indirect beneficial ownership interest in the equity of Venevision Investments LLC, which owns these shares. These trusts have shared voting and dispositive powers over these shares. (5) Based on 249,721,609 shares of Class A Common Stock outstanding as of January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities Exchange Commission on February 9, 2007. CUSIP No. 914906102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Ricardo J. Cisneros (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 10,954,706 (2), (3) OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 10,954,706 (2), (3) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,954,706 (2), (3) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.39% (4) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- (1) The filing of this Schedule 13G shall not be construed as an admission by Ricardo J. Cisneros that he is the beneficial owner of any securities covered hereby for any purposes other than Section 13(d) of the Act. (2) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock issuable upon exercise of warrants held by Venevision Investments LLC. These warrants to purchase Class A or Class V Common Stock are subject to certain exercise restrictions because such warrants may be exercised by their respective holders only if the aggregate shares owned by Televisa, Venevision Investments LLC and all non-U.S. aliens represent not more than 25% of the outstanding stock of the Issuer. (3) A trust principally for the benefit of the family of Gustavo A. Cisneros and a trust principally for the benefit of the family of Ricardo J. Cisneros, or foundations or entities established primarily for the benefit of any one or more of the foregoing persons, each owns a 50% indirect beneficial ownership interest in the equity of Venevision Investments LLC, which owns these shares. These trusts have shared voting and dispositive powers over these shares. (4) Based on 249,721,609 shares of Class A Common Stock outstanding as of January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities Exchange Commission on February 9, 2007. CUSIP No. 914906102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Venevision Investments LLC (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 10,954,706 (2) OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 10,954,706 (2) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,954,706 (2) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.39% (3) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- (1) The filing of this Schedule 13G shall not be construed as an admission by Venevision Investments LLC that it is the beneficial owner of any securities covered hereby for any purposes other than Section 13(d) of the Act. (2) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock issuable upon exercise of warrants held by Venevision Investments LLC. These warrants to purchase Class A or Class V Common Stock are subject to certain exercise restrictions because such warrants may be exercised by their respective holders only if the aggregate shares owned by Televisa, Venevision Investments LLC and all non-U.S. aliens represent not more than 25% of the outstanding stock of the Issuer. (3) Based on 249,721,609 shares of Class A Common Stock outstanding as of January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities Exchange Commission on February 9, 2007. CUSIP No. 914906102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Venevision International Corporation (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 4,116,040 OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,116,040 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,116,040 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.65% (2) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- (1) The filing of this Schedule 13G shall not be construed as an admission by Venevision International Corporation that it is the beneficial owner of any securities covered hereby for any purposes other than Section 13(d) of the Act. (2) Based on 249,721,609 shares of Class A Common Stock outstanding as of January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities Exchange Commission on February 9, 2007. CUSIP No. 914906102 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) VVI Investments Corp. (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 4,116,040 OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,116,040 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,116,040 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.65% (2) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- (1) The filing of this Schedule 13G shall not be construed as an admission by VVI Investments Corp. that it is the beneficial owner of any securities covered hereby for any purposes other than Section 13(d) of the Act. (2) Based on 249,721,609 shares of Class A Common Stock outstanding as of January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, filed with the Securities Exchange Commission on February 9, 2007. ITEM 1(A). NAME OF ISSUER: Univision Communications Inc. (the "Issuer") ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1999 Avenue of the Stars Suite 3050 Los Angeles, CA 90067 ITEM 2(A). NAME OF PERSON FILING: See respective cover pages. ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: (i) Gustavo A. Cisneros c/o Guri Organizacion de Servicios C.A. Paseo Enrique Eraso Centro Comercial Paseo Las Mercedes Piso 2 Caracas, Venezuela (ii) Ricardo J. Cisneros c/o Guri Organizacion de Servicios C.A. Paseo Enrique Eraso Centro Comercial Paseo Las Mercedes Piso 2 Caracas, Venezuela (iii) Venevision Investments LLC c/o Finser Corporation 121 Alhambra Plaza Suite 1400 Coral Gables, FL 33134 (iv) Venevision International Corporation c/o Finser Corporation 121 Alhambra Plaza Suite 1400 Coral Gables, FL 33134 (v) VVI Investments Corp. c/o CSC Entity Services 103 Folk Road Suite 200 Wilmington, DE 19803 ITEM 2(C). CITIZENSHIP: Gustavo A. Cisneros and Ricardo J. Cisneros are citizens of Venezuela. Venevision Investments LLC is a limited liability company organized under the laws of the State of Delaware. Venevision International Corporation and VVI Investments Corp. are corporations organized under the laws of the State of Delaware. ITEM 2(D). TITLE OF CLASS OF SECURITIES: Class A Common Stock (1) ITEM 2(E). CUSIP NUMBER: 914906102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS: (a) [ ] A broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] A bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] An insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] An investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) [ ] A group, in accordance with Rule 13d-1(b)(ii)(J). - ---------- (1) The securities that give rise to each Reporting Person's reporting obligations are shares of Class V Common Stock, which are convertible into Class A Common Stock on a share for share basis. Pursuant to Rule 13d-3(d)(1)(i), such shares of Class V Common Stock shall be deemed to be outstanding shares of Class A Common Stock for the purpose of computing the percentage of outstanding securities of Class A Common Stock deemed to be beneficially owned by the persons filing this report. ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: See respective cover pages. (b) Percent of class: See respective cover pages. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See respective cover pages. (ii) Shared power to vote or to direct the vote: See respective cover pages. (iii) Sole power to dispose or to direct the disposition of: See respective cover pages. (iv) Shared power to dispose or to direct the disposition of: See respective cover pages. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the Common Stock, check the following [ ]. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Gustavo A. Cisneros Ricardo J. Cisneros Venevision Investments LLC Venevision International Corporation VVI Investments Corp. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2007 By: /s/ Gustavo A. Cisneros ------------------------------------ Name: Gustavo A. Cisneros By: /s/ Ricardo J. Cisneros ------------------------------------ Name: Ricardo J. Cisneros VENEVISION INVESTMENTS LLC By: /s/ Joan Burton Jensen ------------------------------------ Name: Joan Burton Jensen Title: Secretary VENEVISION INTERNATIONAL CORPORATION By: /s/ Eduardo L. Hernandez ------------------------------------ Name: Eduardo L. Hernandez Title: Secretary VVI INVESTMENTS CORP. By: /s/ Robert J. Downing ------------------------------------ Name: Robert J. Downing Title: President -----END PRIVACY-ENHANCED MESSAGE-----