WATSCO INC — Director's Dealing 2005

Jan 24, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: WATSCO INC (WSO; WSOB)
CIK: 0000105016
Period of Report: 2004-12-31

Reporting Person: NAHMAD ALBERT H (Chairman and CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	240277	Indirect
Class B Common Stock	1524301	Indirect
Common Stock	20693	Indirect
Class B Common Stock	813944	Direct
Class B Common Stock	716528	Direct
Common Stock	266971	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$7.33	2006-03-01	Class B Common Stock (225000)	225000	Direct
Stock Option (right to buy)	$15.17	2007-03-21	Class B Common Stock (300000)	300000	Direct
Stock Option (right to buy)	$16.0	2008-04-06	Class B Common Stock (375000)	375000	Direct
Stock Option (right to buy)	$13.875	2009-02-19	Class B Common Stock (200000)	200000	Direct
Stock Option (right to buy)	$8.94	2010-03-15	Class B Common Stock (200000)	200000	Direct
Stock Option (right to buy)	$11.30	2011-09-24	Class B Common Stock (100000)	100000	Direct

Footnotes

F1: Reflects shares owned and purchased by Alna Capital Associates, a Limited Partnership

F2: Ownership in Watsco, Inc. Profit Sharing Retirement Plan and Trust

F3: Award of stock pursuant to Watsco, Inc. Restricted Stock Agreement

F4: The option vests 33 1/3 percent on March 1, 1996, March 1, 1997 and March 1, 1998, respectively

F5: The option vests 33 1/3 percent on March 21, 1997, March 21, 1998 and March 21, 1999, respectively

F6: The option vests 33 1/3 percent on April 6, 1998, April 6, 1999 and April 6, 2000, respectively

F7: The option vests 33 1/3 percent on February 19, 1999, February 19, 2000 and February 19, 2001, respectively

F8: The option vests 33 1/3 percent on March 15, 2000, March 15, 2001 and March 15, 2002, respectively

F9: The option vests 33 1/3 percent on September 24, 2001, September 24, 2002 and September 24, 2003, respectively