WATSCO INC — Director's Dealing 2012

May 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WATSCO INC (WSO; WSOB)
CIK: 0000105016
Period of Report: 2012-05-11

Reporting Person: Johnston Paul W (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-11	Common Stock	M	20000	$16.44	Acquired	200	Direct
2012-03-14	Common Stock	J	55	$65.66	Acquired	580	Indirect
2012-05-11	Common Stock	F	8769	$73.94	Disposed	11231	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-11	Stock Option (right to buy)	$16.44	M	20000	Disposed	2013-07-22	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37500	Direct
Class B Common Stock	28200	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$56.09	2015-07-23	Class B Common Stock (7500)	7500	Direct
Stock Option (right to buy)	$56.09	2015-07-23	Class B Common Stock (7500)	7500	Direct

Footnotes

F1: Award of stock pursuant to Watsco, Inc. Restricted Stock Agreement

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

F3: The option vests 20% on July 22, 2004, July 22, 2005, July 22, 2006, July 22, 2007 and July 22, 2008, respectively