4 1 y57363de4.txt FORM 4 -------- FORM 4 -------- [ ] Check this box if no longer subject to Section 16. Form UNITED STATES SECURITIES AND EXCHANGE COMMISSION 4 or Form 5 obligations may WASHINGTON, D.C. 20549 continue. See Instruction 1(b). STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person*| 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting Person(s) | | to Issuer (Check all applicable) Alarcon, Jr. Raul | Spanish Broadcasting System, Inc. (SBSA) | __X__ Director __X__ 10% Owner -------------------------------------------------------------------------------------------| __X__ Officer (give title below) (Last) (First) (Middle) | 3. IRS or Social | 4. Statement for | _____ Other (specify below) | Security Number | Month/Year | Chairman of the Board of Directors, 2601 South Bayshore Drive | of Reporting | January 2002 | Chief Executive Officer, and President ----------------------------------------| Person, if an |-------------------------|---------------------------------------- (Street) | entity (Voluntary) | 5. If Amendment, | 7. Individual or Joint/Group Filing | | Date of Original | (Check Applicable Line) | | (Month/Year) | _X_ Form filed by One Reporting Person | | | ___ Form filed by More than One Coconut Grove, FL 33133 | | | Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security |2. Transaction|3. Transaction |4. Securities Acquired (A)|5. Amount of |6. Owner-|7. Nature (Instr. 3) | Date | Code | or Disposed of (D) | Securities | ship | of | (Month/Day/| (Instr. 8) | (Instr. 3, 4 and 5) | Beneficially| Form: | Indirect | Year) | | | Owned at End| Direct | Bene- | |---------------|--------------------------| of Month | (D) or | ficial | | Code | V | Amount | (A) | Price | (Instr. 3 | Indirect| Owner- | | | | | or | | and 4) | (I) | ship | | | | | (D) | | |(Instr.4)|(Instr.4) --------------------------------------- |--------------|-------|-------|--------|------|----------|-------------|---------|--------- Class A Common Stock | 07/11/00 | G | V | 10,000 | A | | 10,000 | I | By Wife ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ----------------------------------------|--------------|-------|-------|--------|------|----------|-------------|---------|--------- | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------ 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). (Over) 1 of 2
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security|2. Conversion |3. Transaction |4. Transaction |5. Number of |6. Date Exer- |7. Title and Amount (Instr. 3) | or Exercise | Date | Code | Derivative | cisable and | of Underlying | Price of | (Month/Day/ | | Securities | Expiration Date | Securities | Derivative | Year) | (Instr. 8) | Acquired (A) | (Month/Day/Year) | (Instr. 3 and 4) | Security | | | or Disposed | | | | | | of (D) |-------------------------------------- | | | | (Instr. 3, | Date | Expi- | | Amount or | | | | 4, and 5) | Exer- | ration | Title | Number of | | |---------------|--------------| cisable | Date | | Shares | | | Code | V | (A) | (D) | | | | ------------------------------------------------------------------------------------------------------------------------------------ Stock Options (right to buy) | $7.77 | 01/16/02 | A | V |100,000| |10/27/01 |10/27/06|Class A | 100,000 | | | | | | | | |Common | | | | | | | | | |Stock | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | -------------------------------|--------------|---------------|-------|-------|-------|------|---------|--------|--------|---------- | | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------ 8. Price of |9. Number of | 10. Ownership |11. Nature of | Derivative | Derivative | Form of | Indirect | Security | Securities | Derivative | Beneficial | (Instr. 5) | Beneficially | Security: | Ownership | | Owned at End | Direct (D) or | (Instr. 4) | | of Month | Indirect (I) | | | (Instr. 4) | (Instr. 4) | | -------------------------------------------------------------------| | 300,000 | D | | | | | | | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | --------------|----------------|-------------------|---------------| | | | | ------------------------------------------------------------------- /s/ Raul Alarcon, Jr. 02/08/02 ------------------------------------ ----------------- **Signature of Reporting Person Date ** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. 2 of 2