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SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
NAHMAD ALBERT H
(Last) (First) (Middle)
2665 SOUTH BAYSHORE DRIVE
SUITE 901
(Street)
MIAMI FL 33133
(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2003
4. If Amendment, Date of 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
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
Common Stock 09/02/2003 M 202,500 A $3.81 0 D
Common Stock 09/02/2003 F 100,314 D $18.5 271,971 D
Common Stock 240,277 I (1)(1)
Class B - Common Stock 1,524,302 I (1)(1)
Common Stock 20,562 I (2)(2)
Class B - Common Stock 581,792 D (3)(3)
Class B - Common Stock 716,528 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 (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 Securities Underlying Derivative Security (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: 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
Stock Option (Right To Buy) $3.81 09/02/2003 M 67,500 12/30/1993 12/30/2003 Common Stock 0 $18.5 0 D
Stock Option (Right To Buy) $3.81 09/02/2003 M 67,500 12/30/1994 12/30/2003 Common Stock 0 $18.5 0 D
Stock Option (Right To Buy) $3.81 09/02/2003 M 67,500 12/30/1995 12/30/2003 Common Stock 0 $18.5 0 D
Stock Option (Right To Buy) $7.33 03/01/1996 03/01/2006 Class B Common Stock 75,000 75,000 D
Stock Option (Right To Buy) $7.33 03/01/1997 03/01/2006 Class B Common Stock 75,000 75,000 D
Stock Option (Right To Buy) $7.33 03/01/1998 03/01/2006 Class B Common Stock 75,000 75,000 D
Stock Option (Right To Buy) $15.17 03/21/1997 03/21/2007 Class B Common Stock 100,000 100,000 D
Stock Option (Right To Buy) $15.17 03/21/1998 03/21/2007 Class B Common Stock 100,000 100,000 D
Stock Option (Right To Buy) $15.17 03/21/1999 03/21/2007 Class B Common Stock 100,000 100,000 D
Stock Option (Right To Buy) $16 04/06/1998 04/06/2008 Class B Common Stock 125,000 125,000 D
Stock Option (Right To Buy) $16 04/06/1999 04/06/2008 Class B Common Stock 125,000 125,000 D
Stock Option (Right To Buy) $16 04/06/2000 04/06/2008 Class B Common Stock 125,000 125,000 D
Stock Option (Right To Buy) $13.875 02/19/1999 02/19/2009 Class B Common Stock 66,666 66,666 D
Stock Option (Right To Buy) $13.875 02/19/2000 02/19/2009 Class B Common Stock 66,667 66,667 D
Stock Option (Right To Buy) $13.875 02/19/2001 02/19/2009 Class B Common Stock 66,667 66,667 D
Stock Option (Right To Buy) $8.94 03/15/2000 03/15/2010 Class B Common Stock 66,666 66,666 D
Stock Option (Right To Buy) $8.94 03/15/2001 03/15/2010 Class B Common Stock 66,667 66,667 D
Stock Option (Right To Buy) $8.94 03/15/2002 03/15/2010 Class B Common Stock 66,667 66,667 D
Stock Option (Right To Buy) $11.3 09/24/2001 09/24/2011 Class B Common Stock 33,000 33,000 D
Stock Option (Right To Buy) $11.3 09/24/2002 09/24/2011 Class B Common Stock 33,000 33,000 D
Stock Option (Right To Buy) $11.3 09/24/2003 09/24/2011 Class B Common Stock 34,000 34,000 D
Explanation of Responses:
1. Reflects shares owned and purchased by Alna Capital Associates, a Limited Partnership
2. Ownership in Watsco, Inc. Profit Sharing Retirement Plan & Trust
3. Award of Stock pursuant to the Watsco, Inc. Restricted Stock Agreement
/s/ Albert H. Nahmad 09/03/2003
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.