FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * RODRIGUEZ RAY   2. Issuer Name and Ticker or Trading Symbol UNIVISION COMMUNICATIONS INC [UVN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Pres. & COO Univision Networks (Last) (First) (Middle) 9405 N.W. 41ST STREET 3. Date of Earliest Transaction (Month/Day/Year) 12/22/2006 (Street) MIAMI, FL 33178 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 12/22/2006   M   200,000 A $ 17.0625 393,040 D   Class A Common Stock 12/22/2006   M   200,000 A $ 15.6875 593,040 D   Class A Common Stock 12/22/2006   M   100,000 A $ 27.39 693,040 D   Class A Common Stock 12/22/2006   M   15,000 A $ 28.55 708,040 D   Class A Common Stock 12/22/2006   S   800 D $ 35.36 707,240 D   Class A Common Stock 12/22/2006   S   18,500 D $ 35.37 688,740 D   Class A Common Stock 12/22/2006   S   313,664 D $ 35.38 375,076 D   Class A Common Stock 12/22/2006   S   24,500 D $ 35.39 350,576 D   Class A Common Stock 12/22/2006   S   43,100 D $ 35.4 307,476 D   Class A Common Stock 12/22/2006   S   4,200 D $ 35.41 303,276 D   Class A Common Stock 12/22/2006   S   2,600 D $ 35.42 300,676 D   Class A Common Stock 12/22/2006   S   4,300 D $ 35.44 296,376 D   Class A Common Stock 12/22/2006   S   3,700 D $ 35.45 292,676 D   Class A Common Stock 12/22/2006   J   99,636 (5) D $ 35.384 193,040 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-qualified stock option

$ 17.0625

12/22/2006

M

200,000

(1)

12/11/2007

Class A Common Stock

200,000

$ 0

1,333,300

D

Non-qualified stock option

$ 15.6875

12/22/2006

M

200,000

(2)

12/03/2008

Class A Common Stock

200,000

$ 0

1,133,300

D

Non-qualified stock option

$ 27.39

12/22/2006

M

100,000

(3)

12/03/2012

Class A Common Stock

100,000

$ 0

1,033,300

D

Non-qualified stock options

$ 28.55

12/22/2006

M

15,000

(4)

12/06/2014

Class A Common Stock

15,000

$ 0

1,018,300

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RODRIGUEZ RAY 9405 N.W. 41ST STREET MIAMI, FL 33178	X		Pres. & COO Univision Networks

Signatures

John Paul Aceves, Power of Attorney		12/27/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The 200,000 options vested in four equal annual installments beginning on the anniversary of the grant date of December 12, 1997.
(2)	The 200,000 options vested in four equal annual installments beginning on the anniversary of the grant date of December 4, 1998.
(3)	The 100,000 options vested in four equal annual installments beginning on the anniversary of the grant date of December 4, 2002.
(4)	Options granted December 7, 2004 were scheduled to vest in four equal annual installments beginning on the anniversary of the grant date. On September 14, 2005, the Compensation Committee of the Board of Directors of the Company approved the acceleration of vesting of all unvested stock options outstanding whose exercise price was above the then current market price of $25.56.
(5)	The 99,636 shares of Class A Common Stock were sold to the issuer.

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