UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
UNIVISION COMMUNICATIONS INC.
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
914906102
(CUSIP Number)
December 31, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[X] Rule 13d-1 (d)
CUSIP No. 914906102
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Gustavo A. Cisneros (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Venezuela
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
31,250 (2)
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,954,706 (3), (4)
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 31,250 (2)
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,954,706 (3), (4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,985,956 (2), (3), (4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[X]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.40% (5)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission by
Gustavo A. Cisneros that he is the beneficial owner of any securities
covered hereby for any purposes other than Section 13(d) of the Securities
Exchange Act of 1934, as amended (the "Act").
(2) Includes 31,250 director stock options granted by the Univision
Communications Inc. (the "Issuer") to Gustavo A. Cisneros that are fully
exercisable or will vest and become exercisable within 60 days of February
14, 2007.
(3) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock
issuable upon exercise of warrants held by Venevision Investments LLC.
These warrants to purchase Class A or Class V Common Stock are subject to
certain exercise restrictions because such warrants may be exercised by
their respective holders only if the aggregate shares owned by Televisa
Internacional S.A. de C.V. ("Televisa"), Venevision Investments LLC and all
non-U.S. aliens represent not more than 25% of the outstanding stock of the
Issuer.
(4) A trust principally for the benefit of the family of Gustavo A. Cisneros
and a trust principally for the benefit of the family of Ricardo J.
Cisneros, or foundations or entities established primarily for the benefit
of any one or more of the foregoing persons, each owns a 50% indirect
beneficial ownership interest in the equity of Venevision Investments LLC,
which owns these shares. These trusts have shared voting and dispositive
powers over these shares.
(5) Based on 249,721,609 shares of Class A Common Stock outstanding as of
January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for
the fiscal year ended December 31, 2006, filed with the Securities Exchange
Commission on February 9, 2007.
CUSIP No. 914906102
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ricardo J. Cisneros (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Venezuela
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,954,706 (2), (3)
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,954,706 (2), (3)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,954,706 (2), (3)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[X]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.39% (4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission by
Ricardo J. Cisneros that he is the beneficial owner of any securities
covered hereby for any purposes other than Section 13(d) of the Act.
(2) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock
issuable upon exercise of warrants held by Venevision Investments LLC.
These warrants to purchase Class A or Class V Common Stock are subject to
certain exercise restrictions because such warrants may be exercised by
their respective holders only if the aggregate shares owned by Televisa,
Venevision Investments LLC and all non-U.S. aliens represent not more than
25% of the outstanding stock of the Issuer.
(3) A trust principally for the benefit of the family of Gustavo A. Cisneros
and a trust principally for the benefit of the family of Ricardo J.
Cisneros, or foundations or entities established primarily for the benefit
of any one or more of the foregoing persons, each owns a 50% indirect
beneficial ownership interest in the equity of Venevision Investments LLC,
which owns these shares. These trusts have shared voting and dispositive
powers over these shares.
(4) Based on 249,721,609 shares of Class A Common Stock outstanding as of
January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for
the fiscal year ended December 31, 2006, filed with the Securities Exchange
Commission on February 9, 2007.
CUSIP No. 914906102
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Venevision Investments LLC (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,954,706 (2)
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,954,706 (2)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,954,706 (2)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[X]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.39% (3)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission by
Venevision Investments LLC that it is the beneficial owner of any
securities covered hereby for any purposes other than Section 13(d) of the
Act.
(2) Excludes 26,084,585 shares of Class A Common Stock or Class V Common Stock
issuable upon exercise of warrants held by Venevision Investments LLC.
These warrants to purchase Class A or Class V Common Stock are subject to
certain exercise restrictions because such warrants may be exercised by
their respective holders only if the aggregate shares owned by Televisa,
Venevision Investments LLC and all non-U.S. aliens represent not more than
25% of the outstanding stock of the Issuer.
(3) Based on 249,721,609 shares of Class A Common Stock outstanding as of
January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for
the fiscal year ended December 31, 2006, filed with the Securities Exchange
Commission on February 9, 2007.
CUSIP No. 914906102
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Venevision International Corporation (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,116,040
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,116,040
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,116,040
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.65% (2)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission by
Venevision International Corporation that it is the beneficial owner of any
securities covered hereby for any purposes other than Section 13(d) of the
Act.
(2) Based on 249,721,609 shares of Class A Common Stock outstanding as of
January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for
the fiscal year ended December 31, 2006, filed with the Securities Exchange
Commission on February 9, 2007.
CUSIP No. 914906102
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
VVI Investments Corp. (1)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,116,040
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,116,040
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,116,040
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.65% (2)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
(1) The filing of this Schedule 13G shall not be construed as an admission by
VVI Investments Corp. that it is the beneficial owner of any securities
covered hereby for any purposes other than Section 13(d) of the Act.
(2) Based on 249,721,609 shares of Class A Common Stock outstanding as of
January 8, 2007, as reported on the Issuer's Annual Report on Form 10-K for
the fiscal year ended December 31, 2006, filed with the Securities Exchange
Commission on February 9, 2007.
ITEM 1(A). NAME OF ISSUER:
Univision Communications Inc. (the "Issuer")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1999 Avenue of the Stars
Suite 3050
Los Angeles, CA 90067
ITEM 2(A). NAME OF PERSON FILING:
See respective cover pages.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(i) Gustavo A. Cisneros
c/o Guri Organizacion de Servicios C.A.
Paseo Enrique Eraso
Centro Comercial Paseo Las Mercedes
Piso 2
Caracas, Venezuela
(ii) Ricardo J. Cisneros
c/o Guri Organizacion de Servicios C.A.
Paseo Enrique Eraso
Centro Comercial Paseo Las Mercedes
Piso 2
Caracas, Venezuela
(iii) Venevision Investments LLC
c/o Finser Corporation
121 Alhambra Plaza
Suite 1400
Coral Gables, FL 33134
(iv) Venevision International Corporation
c/o Finser Corporation
121 Alhambra Plaza
Suite 1400
Coral Gables, FL 33134
(v) VVI Investments Corp.
c/o CSC Entity Services
103 Folk Road
Suite 200
Wilmington, DE 19803
ITEM 2(C). CITIZENSHIP:
Gustavo A. Cisneros and Ricardo J. Cisneros are citizens of Venezuela.
Venevision Investments LLC is a limited liability company organized under the
laws of the State of Delaware. Venevision International Corporation and VVI
Investments Corp. are corporations organized under the laws of the State of
Delaware.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Class A Common Stock (1)
ITEM 2(E). CUSIP NUMBER:
914906102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS:
(a) [ ] A broker or dealer registered under Section 15 of the Exchange
Act.
(b) [ ] A bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] An insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] An investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person, in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) [ ] A group, in accordance with Rule 13d-1(b)(ii)(J).
----------
(1) The securities that give rise to each Reporting Person's reporting
obligations are shares of Class V Common Stock, which are convertible into
Class A Common Stock on a share for share basis. Pursuant to Rule
13d-3(d)(1)(i), such shares of Class V Common Stock shall be deemed to be
outstanding shares of Class A Common Stock for the purpose of computing the
percentage of outstanding securities of Class A Common Stock deemed to be
beneficially owned by the persons filing this report.
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
See respective cover pages.
(b) Percent of class:
See respective cover pages.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See respective cover pages.
(ii) Shared power to vote or to direct the vote:
See respective cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See respective cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See respective cover pages.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the Common Stock, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Gustavo A. Cisneros
Ricardo J. Cisneros
Venevision Investments LLC
Venevision International Corporation
VVI Investments Corp.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 2007
By: /s/ Gustavo A. Cisneros
------------------------------------
Name: Gustavo A. Cisneros
By: /s/ Ricardo J. Cisneros
------------------------------------
Name: Ricardo J. Cisneros
VENEVISION INVESTMENTS LLC
By: /s/ Joan Burton Jensen
------------------------------------
Name: Joan Burton Jensen
Title: Secretary
VENEVISION INTERNATIONAL CORPORATION
By: /s/ Eduardo L. Hernandez
------------------------------------
Name: Eduardo L. Hernandez
Title: Secretary
VVI INVESTMENTS CORP.
By: /s/ Robert J. Downing
------------------------------------
Name: Robert J. Downing
Title: President