WATSCO INC — Director's Dealing 2012

Nov 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WATSCO INC (WSO; WSOB)
CIK: 0000105016
Period of Report: 2012-11-20

Reporting Person: NAHMAD ALBERT H (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-20	Common Stock	C	28100	—	Acquired	0	Direct
2012-11-20	Common Stock	S	22400	$71.9790	Disposed	0	Direct
2012-11-20	Common Stock	S	5700	$72.5707	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-20	Class B Common Stock	$	C	28100	Disposed		Common Stock (28100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1231	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Common Stock (1695799)	1695799	Direct
Class B Common Stock	$		Common Stock (518845)	518845	Indirect
Class B Common Stock	$		Common Stock (1330000)	1330000	Indirect

Footnotes

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

F2: Award of stock pursuant to Watsco, Inc. Restricted Stock Agreements, of which 1,415,622 shares are in the name of Albert Henry Captial LP, a limited partnership over which Mr. Nahmad maintains effective control.

F3: Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 20,000 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.

F4: Reflects shares owned by Albert Capital LP, a limited partnership. The sole general partner of Albert Capital LP is a limited liability company, over which Mr. Nahmad maintains effective control.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.49 to $72.49, inclusive. The reporting person undertakes to provide to Watsco, Inc. ("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 (5) to this Form 4.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.495 to $72.65, inclusive. The reporting person undertakes to provide to 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.

F7: The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.