SPANISH BROADCASTING SYSTEM INC 4
4 · SPANISH BROADCASTING SYSTEM INC · Filed Apr 21, 2005
Insider Transaction Report
Form 4
ALARCON RAUL JR
DirectorChairman, CEO & Pres.10% Owner
Transactions
- Sale
Class B Common Stock
2005-04-19$8.92/sh−70,000$624,400→ 23,430,000 total
Footnotes (2)
- [F1]The Class B Common Stock was automatically converted to Class A Common Stock upon transfer.
- [F2]As reported on the Schedule 13D filed by the Reporting Person on December 12, 2004, on November 30, 2004, the Reporting Person agreed to transfer 100,000 shares of Class A Common Stock, subject to adjustment, to a land trust (the "Land Trust"), which shares were to be used by the Land Trust as partial purchase price for the purchase of real property (the "Property") from a third party (the "Property Seller"). Subsequently, the agreement relating to the purchase of the Property was amended, among other things, to provide that the number of shares to be transferred in connection with the purchase of the Property would be reduced to 70,000 shares of Class A Common Stock. On April 19, 2005, the Land Trust purchased the Property and the 70,000 shares were transferred to the Property Seller. The Reporting Person is the majority owner of the Land Trust.