Sec Form 4 Filing - NAHMAD ALBERT H @ WATSCO INC - 2012-11-21

Insider filing report for Changes in Beneficial Ownership
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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
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
NAHMAD ALBERT H
2. Issuer Name and Ticker or Trading Symbol
WATSCO INC [ WSO; WSOB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
2665 S. BAYSHORE DRIVE, SUITE 901
3. Date of Earliest Transaction (MM/DD/YY)
11/21/2012
(Street)
COCONUT GROVE, FL33133
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 1,231 I See footnote ( 1 )
Common Stock 11/21/2012 C 9,700 A $ 0 ( 7 ) 0 D
Common Stock 11/21/2012 S 9,700 D $ 71.837 ( 5 ) 0 D
Common Stock 11/23/2012 C 4,729 A $ 0 ( 7 ) 0 D
Common Stock 11/23/2012 S 4,729 D $ 72.4135 ( 6 ) 0 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Class B Common Stock ( 7 ) ( 7 ) ( 7 ) Common Stock 1,695,799 1,695,799 D ( 2 )
Class B Common Stock ( 7 ) ( 7 ) ( 7 ) Common Stock 518,845 518,845 I See footnote ( 3 )
Class B Common Stock ( 7 ) ( 7 ) ( 7 ) Common Stock 1,330,000 1,330,000 I See footnote ( 4 )
Class B Common Stock ( 7 ) 11/21/2012 C 9,700 ( 7 ) ( 7 ) Common Stock 9,700 $ 0 ( 7 ) 483,507 D
Class B Common Stock ( 7 ) 11/23/2012 C 4,729 ( 7 ) ( 7 ) Common Stock 4,729 $ 0 ( 7 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NAHMAD ALBERT H
2665 S. BAYSHORE DRIVE
SUITE 901
COCONUT GROVE, FL33133
X Chairman and CEO
Signatures
/s/ Albert H. Nahmad 11/26/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Ownership in Watsco, Inc. Profit Sharing Retirement Plan and Trust
( 2 )Award of stock pursuant to Watsco, Inc. Restricted Stock Agreements, of which 1,415,622 shares are in the name of Albert Henry Captial LP, a limited partnership over which Mr. Nahmad maintains effective control.
( 3 )Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 20,000 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.
( 4 )Reflects shares owned by Albert Capital LP, a limited partnership. The sole general partner of Albert Capital LP is a limited liability company, over which Mr. Nahmad maintains effective control.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.70 to $72.09, inclusive. The reporting person undertakes to provide to Watsco, Inc. ("Watsco"), any security holder of Watsco or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (5) to this Form 4.
( 6 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.90 to $72.70, inclusive. The reporting person undertakes to provide to Watsco, any security holder of Watsco or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (6) to this Form 4.
( 7 )The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.

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