Stock Option Agreement - Raul Alarcon, Jr

EX-10.2 4 g78835exv10w2.txt STOCK OPTION AGREEMENT - RAUL ALARCON, JR. [Sbs Tower LOGO] Exhibit 10.2 October 29, 2002 Raul Alarcon, Jr. 12 Indian Creek Road Miami Beach, FL 33154 Dear Raul Alarcon, Jr.: Pursuant to the terms and conditions of the Spanish Broadcasting System, Inc. 1999 Stock Option Plan (the "Plan"), you have been granted a Nonqualified Stock Option, to purchase 100,000 shares (the "Option") of Class A common stock as outlined below. Granted To: Raul Alarcon, Jr. SSN ###-##-#### Grant Date: October 27, 2002 Option Granted: 100,000 Option Price per Share: $6.13 Total Cost to Exercise: $613,000.00 Expiration Date: October 27, 2012, unless terminated earlier. Vesting Schedule: 100% immediately Transferability: Not transferable except in accordance with the Plan. Spanish Broadcasting System, Inc. By: /s/ Joseph A. Garcia ------------------------------- By my signature below, I hereby acknowledge receipt of this Option granted on the date shown above, which has been issued to me under the terms and conditions of the Plan. I further acknowledge receipt of a copy of the Plan and agree to conform to all of the terms and conditions of the Option and the Plan. Signature: /s/ Raul Alarcon, Jr. Date: 10/29/02 ---------------------------- -------------- Raul Alarcon, Jr. [LETTERHEAD]