RUBIN STEVEN exercised options at WATSCO INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

RUBIN STEVEN

Filed: 7/30/2020ACC: 0001209191-20-044058

InsiderRUBIN STEVENCIK 1735814

→

IssuerWATSCO INCCIK 105016

Director

Since Jun 2019

-6.58K

Net shares

Net seller

$1.49M

Total sold

Open market trades

0B · 0S

Total transactions

8.67K acquired · 15.25K disposed

Non-Derivative Transactions4

Common stock

Direct

M · Option Exercise

+4K

Price / share

$185.12

Trade value

$740.48K

% of position

New position

7/28/2020

-4K→0.00

Common stock

Direct

F · Tax Withholding

−3.27K

Price / share

$226.41

Trade value

$740.36K

% of position

81.8%

7/28/2020

4K→730.00

Common stock

Direct

M · Option Exercise

+4.67K

Price / share

$160.69

Trade value

$749.94K

% of position

New position

7/28/2020

-4.67K→0.00

Common stock

Direct

F · Tax Withholding

−3.31K

Price / share

$226.41

Trade value

$749.87K

% of position

71.0%

7/28/2020

4.67K→1.35K

Total

Net shares

+2.08K

Net value

$189.61

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock Direct	7/28/2020	M · Option Exercise	+4K	$185.12	$740.48K	New position	-4K	0.00
Common stock Direct	7/28/2020	F · Tax Withholding	−3.27K	$226.41	$740.36K	81.8%	4K	730.00
Common stock Direct	7/28/2020	M · Option Exercise	+4.67K	$160.69	$749.94K	New position	-4.67K	0.00
Common stock Direct	7/28/2020	F · Tax Withholding	−3.31K	$226.41	$749.87K	71.0%	4.67K	1.35K
Total			+2.08K		$189.61

Derivative Transactions2

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

4K shares

−4K

Strike price

185.12

Held after

0.00

Exercisable

—

7/28/2020

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

4.67K shares

−4.67K

Strike price

160.69

Held after

2.33K

Exercisable

—

7/28/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Common Stock4K shares	7/28/2020	M · Option Exercise	−4K	185.12	—	0.00
Stock Option (right to buy) Direct	Common Stock4.67K shares	7/28/2020	M · Option Exercise	−4.67K	160.69	—	2.33K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

3.50K

Shares owned

3.50K

Exercise price

175.07

Expiration

—

Exercise window

—

Total

Underlying

3.50K

Owned

3.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (right to buy) Direct	Common Stock	175.07	—	—	3.50K	3.50K
Total					3.50K	3.50K