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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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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<S> <C>
1. Name and Address of Reporting 2. Date of Event
Person* Requiring Statement
(Month/Day/Year)
Garcia Juan A.
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(Last) (First) (Middle) 02/16/00
3191 Coral Way
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(Street) 3. I.R.S. Identification
Number of Reporting
Miami Florida 33145 Person, if an entity
(voluntary)
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(City) (State) (Zip)
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4. Issuer Name and Ticker or Trading Symbol
Spanish Broadcasting System, Inc. (SBSA)
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5. Relationship of Reporting Person(s) to Issuer 6. If Amendment, Date of Original
(Check all applicable) (Month/Day/Year)
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__________ Director _______ 10% Owner 7. Individual or Joint/Group Filing
(Check Applicable Line)
____X_____ Officer (give ________ Other (specify _x_ Form filed by One Reporting Person
title below) below) ___ Form filed by More than One Reporting Person
Vice President of Finance and Strategic Planning
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities
(Instr. 4) Beneficially Owned
(Instr. 4)
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3. Ownership
Form: Direct (D)
or Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 5) (Instr. 5)
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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
5(b)(v).
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS,
OPTIONS, CONVERTIBLE SECURITIES)
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<S> <C> <C>
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of Securities Underlying
(Instr. 4) Expiration Date Derivative Security (Instr. 4)
(Month/Day/Year)
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Date Expiration Amount or
Exercisable Date Title Number or Shares
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Stock Options (right to buy) (1) 2/16/100 Class A Common Stock 100,000(1)
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<S> <C> <C>
4. Conver- 5. Owner- 6. Nature of Indirect Beneficial Ownership
sion or ship Form (Instr. 5)
Exercise of
Price of Derivative
Derivative Security:
Security Direct (D)
or Indirect
(I)
(Instr. 5)
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$20.8125 D
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(1) Options vest and are exercisable to the extent of 10,000 immediately, 10,000
on February 16, 2001, 20,000 on February 16, 2002, 20,000 on February 16, 2003,
20,000 on February 16, 2004 and 20,000 on February 16, 2005.
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<S> <C> <C>
By: /s/ Juan A. Garcia 02/23/00
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Name: Juan A. Garcia Date
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Title: V.P. of Finance and Strategic Planning
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**Signature of Reporting Person
** 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.
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