WATSCO INC — Director's Dealing 2005

Sep 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WATSCO INC (WSO; WSOB)
CIK: 0000105016
Period of Report: 2005-09-14

Reporting Person: LOGAN BARRY S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-14	Common Stock	M	11250	$13.33	Acquired	0	Direct
2005-09-14	Common Stock	M	11250	$13.17	Acquired	37759	Direct
2005-09-14	Common Stock	F	11970	$50.27	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-14	Stock Option (right to buy)	$13.33	M	11250	Disposed	2006-06-27	Common Stock (11250)	Direct
2005-09-17	Stock Option (right to buy)	$13.17	M	11250	Disposed	2006-10-25	Common Stock (11250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	450	Indirect
Common Stock	1730	Indirect
Common Stock	88750	Direct
Class B Common Stock	70000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$16.25	2007-04-03	Common Stock (15000)	15000	Direct
Stock Option (right to buy)	$16.75	2008-04-06	Common Stock (30000)	30000	Direct
Stock Option (right to buy)	$13.875	2009-02-09	Class B Common Stock (50000)	50000	Direct
Stock Option (right to buy)	$8.94	2010-03-15	Common Stock (75000)	75000	Direct
Stock Option (right to buy)	$11.30	2011-09-24	Class B Common Stock (50000)	50000	Direct

Footnotes

F1: Ownership in Watsco, Inc. Profit Sharing Retirement Plan and Trust

F2: Award of stock pursuant to Restricted Stock Agreement

F3: The option vests 20 percent on June 27, 1997, June 27, 1998, June 27, 1999, June 27, 2000 and June 27, 2001, respectively

F4: The option vests 20 percent on October 25, 1997, October 25, 1998, October 25, 1999, October 25, 2000 and October 25, 2001, respectively

F5: The option vests 20 percent on April 3, 1998, April 3, 1999, April 3, 2000, April 3, 2001 and April 3, 2002, respectively

F6: The option vests 20 percent on April 6, 1999, April 6, 2000, April 6, 2001, April 6, 2002 and April 6, 2003, respectively

F7: The option vests 33 percent on February 9, 1999, February 9, 2000 and February 9, 2001, respectively

F8: The option vests 20 percent on March 15, 2001, March 15, 2002, March 15, 2003, March 15, 2004 and March 15, 2005, respectively

F9: The option vests 20 percent on September 24, 2002, September 24, 2003, September 24, 2004, September 24, 2005 and September 24, 2006, respectively