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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Univision Communications Inc.
- ---------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock ("A Shares")
- ---------------------------------------------------------------------------
(Title of Class of Securities)
914906102
--------------------------------------------
(CUSIP Number)
--------------------------------------------
(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)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
- --------------------------
*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 the disclosures provided in a prior cover page.
The information required in 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 (the "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).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE>
CUSIP No. 914906102 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON: The Davila Family, LLC
S.S. or I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON (ENTITIES ONLY)
13-3889635
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,842,526 A Shares
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 2,842,526 A Shares
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,842,526 A Shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.73% of the A Shares (see response to Item 4)
12 TYPE OF REPORTING PERSON*
00
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer:
--------------
Univision Communications Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1999 Avenue of the Stars
Suite 3050
Los Angeles, California 90067
Item 2(a) Name of Person Filing:
---------------------
The Davila Family, LLC
Item 2(b) Address of Principal Business
Office, or, if none, residence:
------------------------------
c/o Suite 2500
One New York Plaza
New York, New York 10004
Item 2(c) Citizenship:
-----------
United States
Item 2(d) Title of Class of Securities:
----------------------------
A Shares
Item 2(e) CUSIP Number:
------------
914906102
Item 3 If this Statement is filed pursuant to Rules 13d-1(b)
or 13d-2(b) or (c), check whether the person filing is a:
--------------------------------------------------------
None of the options apply. This Schedule 13G is being
filed pursuant to Rule 13d-1(c).
Item 4 Ownership.(1)
---------
(a) Amount beneficially owned:
See Item 9 on Page 2 of the Cover Page(2)
(b) Percent of Class:
See Item 11 on Page 2 of the Cover Page
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item 5 on Page 2 of the Cover Page
(ii) shared power to vote or to direct the vote:
See Item 6 on Page 2 of the Cover Page
(iii) sole power to dispose or to direct the
disposition of:
See Item 7 on Page 2 of the Cover Page
(iv) shared power to dispose or to direct the
disposition of:
See Item 8 on Page 2 of the Cover Page
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 class of securities, check the following
|X|.
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:
---------------------------------------------------------
Not applicable.
Item 9 Notice of Dissolution of Group:
------------------------------
Not applicable.
Item 10 Certification:
-------------
Not applicable.
- ----------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission
that the Reporting Person or any of its affiliates is the beneficial
owner of any securities covered by this Schedule 13G for any other
purposes than Section 13(d) of the Securities Exchange Act of 1934.
The Davila Family, LLC disclaims that it constitutes part of a "group"
with any other Person with respect to shares of Univision
Communications Inc. The Davila Family, LLC also disclaims beneficial
ownership of shares of Univision Communications Inc. owned by any
other Person pursuant to Rule 13d-4.
(2) 2,130,014 of the shares of Class A Common Stock owned by The Davila
Family, LLC covered by this report are owned through partnerships. In
addition, this report includes 712,512 shares of Class A Common Stock
issuable upon exercise of Warrants held through two of the
partnerships. Such Warrants may be exercised so long as the aggregate
shares owned by Grupo Televisa, S.A., Venevision and all non-U.S.
aliens do not represent more than 25% of the outstanding stock of
Univision Communications Inc., and are not presently exercisable.
<PAGE>
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 __, 1999
By: The Davila Family, LLC
By: Jaime Davila 1995
Generation-Skipping Trust
/s/ Joseph A. Stern
-----------------------------
By: Joseph A. Stern
Title: Trustee
