SEC Form 4 · accession 0001209191-17-059646
WATSCO INC · WSO; WSOB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Sape
Director
Period of report
Nov 3, 2017
Accepted (ET)
Nov 7, 2017 · 5:51 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 Stock | holding | — | — | — | 8,581 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F1 | $142.21 | Nov 3, 2017 | M | 2,000 | D | — | Jul 1, 2021 | Common Stock | 2,000 | 1,000 | D |
| Stock Option (right to buy)F4,F3 | $121.84 | Nov 3, 2017 | M | 6,667 | D | — | Nov 9, 2020 | Common Stock | 6,667 | 3,333 | D |
| Stock Option (right to buy)F6,F5 | $143.86 | Nov 3, 2017 | M | 2,000 | D | — | Jun 5, 2022 | Common Stock | 2,000 | 4,000 | D |
Explanation of responses
- F1The options vest July 1, 2018.
- F2The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.09 to 166.21, inclusive. The reporting person undertakes to provide 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 (2) to this Form 4.
- F3The options vest November 9, 2017.
- F4The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.65 to 166.09, inclusive. The reporting person undertakes to provide 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 (4) to this Form 4.
- F5The options vest 33 1/3% on June 5, 2017, June 5, 2018 and June 5, 2019, respectively.
- F6The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.21 to 166.35, inclusive. The reporting person undertakes to provide 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.