WATSCO INC — Director's Dealing 2018

Jan 10, 2018

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: WATSCO INC (WSO; WSOB)
CIK: 0000105016
Period of Report: 2017-12-31

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-10	Class B Common stock	$	G	26000	Disposed		Class B Common stock (26000)	Direct
2017-10-06	Class B Common Stock	$	G	4200	Disposed		Class B Common Stock (4200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	1353	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common stock	$		Class B Common stock (2172182)	2172182	Direct
Class B Common stock	$		Class B Common stock (524875)	524875	Indirect
Class B Common stock	$		Class B Common stock (1330000)	1330000	Indirect

Footnotes

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

F2: The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.

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

F4: Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 26,030 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.

F5: Reflects shares owned by Albert Capital LP, a limited partnership, over which Mr. Nahmad maintains effective control.