AZCARRAGA JEAN EMILIO FERNANDO 4
4 · UNIVISION COMMUNICATIONS INC · Filed Jan 18, 2005
Insider Transaction Report
Form 4
AZCARRAGA JEAN EMILIO FERNANDO
Director10% Owner
Transactions
- Award
Director's Stock Option
2004-12-07+25,000→ 22,770,034 totalExercise: $28.55From: 2005-12-07Exp: 2014-12-06→ Class A Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Exercisable in four equal annual installments beginning on 12/7/05.
- [F2]The Reporting Person is the Chairman, President and Chief Executive Officer of Grupo Televisa, S.A. ("Televisa"), and, directly or indirectly, controls over 50% of the voting equity of Televisa, which is a beneficial owner of more than 10% of the Issuer's Class A Common Stock. The number of derivative securities beneficially owned by the Reporting Person includes 9,102,000 shares of Class A or Class T Common Stock issuable upon exercise of warrants held by Televisa and 13,593,034 shares of Class T Common Stock held by Televisa and certain of its subsidiaries, in addition to options to purchase 75,000 shares of Class A Common Stock. The Reporting Person disclaims beneficial ownership of the warrants and the Class T Common Stock (and any into which they may be exchanged or for which they may be converted) except to the extent of his pecuniary interest therein.