SEC Form 4 · accession 0001209191-16-091026
WATSCO INC · WSO; WSOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert H Nahmad
Officer — Chairman and CEO · Director
Period of report
Jan 8, 2016
Accepted (ET)
Jan 12, 2016 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000105016
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 1,294 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF3,F2 | — | Jan 8, 2016 | A | 14,318 | A | — | — | Class B Common Stock | 14,318 | 2,059,754 | D |
| Class B Common StockF4,F2 | — | holding | — | — | — | — | — | Class B Common Stock | 523,845 | 523,845 | I |
| Class B Common StockF5,F2 | — | holding | — | — | — | — | — | Class B Common Stock | 1,330,000 | 1,330,000 | I |
| Class B Common StockF2 | — | holding | — | — | — | — | — | Class B Common Stock | 312,697 | 312,697 | D |
Explanation of responses
- F1Ownership in Watsco, Inc. Profit Sharing Retirement Plan and Trust.
- F2The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.
- F3Award of stock pursuant to Watsco, Inc. Restricted Stock Agreements, of which 1,415,622 shares are owned by Albert Henry Capital LP, a limited partnership over which Mr. Nahmad maintains effective control.
- F4Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 25,000 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.
- F5Reflects shares owned by Albert Capital LP, a limited partnership, over which Mr. Nahmad maintains effective control.