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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
-------- WASHINGTON D.C. 20549 ---------------------------
OMB Number 3235-0287
[ ] Check this box if no longer Expires: December 31, 2001
subject to Section 16. Form Estimated average burden
4 or Form 5 obligations may STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response......0.5
continue. See Instruction 1(b). ---------------------------
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)
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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)
| |
Cisneros Ricardo J. | Univision Communications Inc. ("UVN") | _____ Director __X__ 10% Owner
--------------------------------------------------------------------------------------------| _____ Office (give title below)
(Last) (First) (Middle) | 3. I.R.S. Identification| 4. Statement for | _____ Other (specify below)
| Number of Reporting | Month/Year |
c/o Guri Organizacion de Servicios C.A. | Person, if an entity | |
Paseo Enrique Eraso | (Voluntary) | December 2000 |
Centro Comercial Paseo | | |
Las Mercedes, Piso 2 | | |
----------------------------------------| |-------------------------|---------------------------------------
(Street) | | 5. If Amendment, | 7. Individual or Joint\Group Filing
| | Date of Original | (Check Applicable Line)
Caracas, Venezuela | | (Month/Year) | _X_ Form filed by One Reporting
| | | Person
| | | ___ Form filed by More than One
| | | Reporting Person
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(City) (State) (Zip) | TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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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
| | (Instr. 8) | (Instr. 3, 4 and 5) |Beneficially| Form: | Indirect
| (Month/ | | |Owned at End| Direct | Bene-
| Day/ | --------------|--------------------------|of Month | (D) or | ficial
| Year) | | | Amount | (A) | Price |(Instr. 3 | Indirect| Owner-
| | Code | V | | or | | and 4) | (I) | ship
| | | | | (D) | | |(Instr.4)|(Instr.4)
----------------------------------------|---------------|-------|-------|---------|-----|----------|------------|---------|---------
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
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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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION (Over)
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM Sec 1474 (3-99)
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative | 2.Conversion | 3.Transaction | 4.Transaction | 5.Number of | 6.Date Exer- | 7.Title and Amount
Securities (Instr. 3) | or Exercise | Date | Code | Derivative | cisable and | of Underlying
| Price of | | (Instr. 8) | Securities | Expiration Date | Securities
| Derivative | (Month/Day/ | | Acquired (A) | (Month/Day/Year) | (Instr. 3 and 4)
| Security | Year) | | or Disposed | |
| | | | of (D) |--------------------------------------
| | | | (Instr. 3, | Date | Expir- | | Amount or
| | | | 4, and 5) | Exer- | ation | Title | Number of
| | |---------------|-----------------| cisable | Date | | Shares
| | | Code | V | (A) | (D) | | | |
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Class V | 1-for-1 | 12/28/00 | J | | |13,721,124| Immed. | None | Class A|13,721,124
Convertible | | | | | | | | | Common |
Common Stock (1) | | | | | | | | | Stock |
| | | | | | | | | |
| | | | | | | | | |
----------------------------|--------------|---------------|-------|-------|------|----------|---------|--------|--------|----------
| | | | | | | | |Class A |
| | | | | | | | |or |
| | | | | | | | |Class V |
| | | | | | | | |Common |
Warrant(2) | $0.032195 | 12/28/00 | J | | |27,437,700| (2) | None |Stock | (2)
----------------------------|--------------|---------------|-------|-------|------|----------|---------|--------|--------|----------
| | | | | | | | | |
----------------------------|--------------|---------------|-------|-------|------|----------|---------|--------|--------|----------
| | | | | | | | | |
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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) | |
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| 13,721,124 | I | Held by |
| | | Venevision |
| | | Investments |
| | | LLC (3) |
--------------|----------------|-------------------|---------------|
| 27,437,700 | I | Held by |
| | | Venefision |
| | | Investments |
| | | LLC (3) |
--------------|----------------|-------------------|---------------|
| | | |
--------------|----------------|-------------------|---------------|
| | | |
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EXPLANATION OF RESPONSES:
(1) PURSUANT TO AN INTERNAL REORGANIZATION AMONG ENTITIES OWNED BY
TRUSTS ESTABLISHED BY THE REPORTING PERSON AND GUSTAVO A. CISNEROS
("GAC"): (i) VENEVISION INTERNATIONAL LIMITED, A HOLDING COMPANY
BENEFICIALLY OWNED BY TRUSTS ESTABLISHED BY THE REPORTING PERSON AND
GAC, TRANSFERRED 13,109,684 SHARES OF CLASS V COMMON STOCK OF THE ISSUER
("CLASS V COMMON STOCK") AND 27,423,116 WARRANTS TO PURCHASE CLASS V
COMMON STOCK ("WARRANTS") TO VENEVISION INVESTMENTS LLC ("VI"), A
HOLDING COMPANY OWNED BY TRUSTS ESTABLISHED BY THE REPORTING PERSON AND
GAC; (ii) 9,484 SHARES OF CLASS V COMMON STOCK AND 14,584 WARRANTS HELD
BY TISDALE INTERNATIONAL MANAGEMENT, LTD., A HOLDING COMPANY
BENEFICIALLY OWNED BY TRUSTS ESTABLISHED BY THE REPORTING PERSON AND
GAC, WERE TRANSFERRED TO VI; AND (iii) 601,956 SHARES OF CLASS V COMMON
STOCK HELD BY DENNEVAR B.V., A HOLDING COMPANY OWNED BY TRUSTS
ESTABLISHED BY THE REPORTING PERSON AND GAC, WERE TRANSFERRED TO VI.
SUCH TRANSACTIONS DID NOT RESULT IN CHANGES TO OWNERSHIP OF THE
INTERESTS APPLICABLE TO THE REPORTING PERSON IN THE SHARES BEING
REPORTED ON.
(2) EXERCISABLE IMMEDIATELY, TO THE EXTENT EXERCISE WOULD NOT VIOLATE THE
COMMUNICATIONS ACT OF 1934.
(3) REPORTING PERSON HEREBY DISCLAIMS BENEFICIAL OWNERSHIP OF THE INTERESTS
APPLICABLE TO THE REPORTING PERSON IN THE SHARES BEING REPORTED ON.
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS.
By: /s/ Ricardo J. Cisneros January 10, 2001
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Signature of the Reporting Person
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.
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