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FORM 4
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[ ] Check this box if no longer
subject to Section 16. Form
4 or Form 5 obligations may U.S. SECURITIES AND EXCHANGE COMMISSION
continue. See Instruction 1(b). WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities and 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)
<S> <C>
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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)
Diaz-Albertini Luis | Spanish Broadcasting System, Inc. (SBSA) |
-------------------------------------------------------------------------------------------| _____ Director _____ 10% Owner
(Last) (First) (Middle) | 3. IRS or Social | 4. Statement for | __X__ Officer (give title below)
| Security Number | Month/Year | _____ Other (specify below)
| of Reporting | August 2000 |
3191 Coral Way | Person, if an | | Vice President/Group Sales
---------------------------------------| entity (Voluntary) |------------------------------------------------------------------
(Street) | | 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
Miami, FL 33145 | | | 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
| (Month/Day/ | (Instr. 8) | (Instr. 3,4 and 5) | Beneficially| Form: | Indirect
| Year) | | | Owned at End| Direct | Bene-
| | --------------|--------------------------| of Month | (D) or | ficial
| | | | Amount | (A) | Price | (Instr. 3 | Indirect| Owner-
| | Code | V | | or | | and 4) | (I) | ship
| | | | | (D) | | |(Instr.4)|(Instr.4)
---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
Class A Common Stock | 08/16/00 | S | | 1,000 | D | $9.00 | 15,470 | D |
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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).
(Over)
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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)
<S> <C>
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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 | | (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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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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-------------------------------|--------------|---------------|-------|-------|------|-------|---------|--------|--------|----------
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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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/s/ Luis Diaz-Albertini 09/08/00
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**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.
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