MASTEC INC — Director's Dealing 2004

Nov 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MASTEC INC (MTZ)
CIK: 0000015615
Period of Report: 2004-11-01

Reporting Person: Dwyer Robert J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-01	Non-Qualified Stock Option (right to buy)	$7.09	A	20000	Acquired	2014-11-01	Common Stock (20000)	Direct

Footnotes

F1: Formula stock option grant pursuant to MasTec, Inc. Amended and Restated 2003 Plan for Non-Employees for no cash consideration.

F2: Exempt stock option grant that vests over three years beginning twelve months after date of grant (11/01/2004). First year 33% vests. Second year an additional 33% vests. Third year remaining 34% vests.