SEC FORM 5 SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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: 3235-0362
Estimated average burden
hours per response: 1.0
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported.
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
NAHMAD ALBERT H

(Last) (First) (Middle)
2665 SOUTH BAYSHORE DRIVE
SUITE 901

(Street)
COCONUT GROVE 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2003
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 240,277 I See footnote(1)
Class B Common Stock 1,524,301 I See footnote(1)
Common Stock 20,562 I See footnote(2)
Class B Common Stock 581,792 D(3)
Class B Common Stock 716,528 D
Common Stock 271,971 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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $7.33 (4) 03/01/2006 Class B Common Stock 225,000 225,000 D
Stock Option (right to buy) $15.17 (5) 03/21/2007 Class B Common Stock 300,000 300,000 D
Stock Option (right to buy) $16 (6) 04/06/2008 Class B Common Stock 375,000 375,000 D
Stock Option (right to buy) $13.875 (7) 02/19/2009 Class B Common Stock 200,000 200,000 D
Stock Option (right to buy) $8.94 (8) 03/15/2010 Class B Common Stock 200,000 200,000 D
Stock Option (right to buy) $11.3 (9) 09/24/2011 Class B Common Stock 100,000 100,000 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 and Trust
3. Award of stock pursuant to Watsco, Inc. Restricted Stock Agreement
4. The option vests 33 1/3 percent on March 1, 1996, March 1, 1997 and March 1, 1998, respectively
5. The option vests 33 1/3 percent on March 21, 1997, March 21, 1998 and March 21, 1999, respectively
6. The option vests 33 1/3 percent on April 6, 1998, April 6, 1999 and April 6, 2000, respectively
7. The option vests 33 1/3 percent on February 19, 1999, February 19, 2000 and February 19, 2001, respectively
8. The option vests 33 1/3 percent on March 15, 2000, March 15, 2001 and March 15, 2002, respectively
9. The option vests 33 1/3 percent on September 24, 2001, September 24, 2002 and September 24, 2003, respectively
/s/ Albert H. Nahmad 02/12/2004
** 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.