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FORM 4
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[ ] Check this box if no longer subject WASHINGTON, D.C. 20549
to Section 16. Form 4 or Form 5 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may continue. See FILED PURSUANT TO SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934, SECTION
Instruction 1(b). 17(a) OF THE PUBLIC UTILITY
(Print or Type Responses) HOLDING COMPANY ACT OF 1935 OR SECTION 30(f) OF THE INVESTMENT Company Act of 1940
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol
Diaz-Albertini Luis Spanish Broadcasting System, Inc. (SBSA)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
Person, if an entity
3191 Coral Way (Voluntary) February 2000
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(Street) 5. If Amendment,
Date of Original
Miami, FL 33145 (Month/Year)
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(City) (State) (Zip)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
______ Director ______ 10% Owner
__x___ Officer (give _______Other (specify
title below) below)
Vice President/Group Sales
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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<S> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A)
(Instr. 3) action action or Disposed of (D)
Date Code (Instr. 3, 4 and 5)
(Instr. 8)
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(Month/
Day/ (A) or
Year) Code V Amount (D) Price
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Class A Common Stock 02/16/00 P 2,000 A $20.88
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<S> <C> <C>
5. Amount of 6. Ownership 7. Nature of Indirect Beneficial Ownership
Securities Form: (Instr. 4)
Beneficially Direct (D)
Owned at or
End of Indirect
Month (I)
(Instr. 3 and 4) (Instr. 4)
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14,470 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)
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<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Conver 3. Trans- 4. Trans- 5. Number of 6. Date Exercisable and
(Instr. 3) -sion action action Derivative Expiration Date
or Date Code Securities (Month/Day/Year)
Exercise (Month/ (Instr.8) Acquired (A)
Price of Day/ or Disposed of
Derivative Year) (D)
Security (Instr. 3, 4,
and 5)
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Date Expiration
-------------------------------------- Exercisable Date
Code V (A) (D)
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<S> <C> <C> <C> <C>
7. Title and Amount of 8. Price 9. Number 10. Ownership 11. Nature
Underlying Securities of of Form of
(Instr. 3 and 4) Derivative Derivative of De- Indirect
Security Secur- rivative Beneficial
(Instr. ities Secu- Ownership
5) Bene-ficially rity: (Instr.
Owned Direct 4)
at End (D) or
of Month Indirect
(Instr. (I)
4) (Instr. 4)
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Amount or
Number of
Title Shares
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<S> <C> <C>
/s/ Luis Diaz-Albertini 2/23/00
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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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