Filing Details

  1. 

 

Names of Reporting Persons.

 

United Technologies Corporation

  2.

 

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.

 

SEC Use Only

 

  4.

 

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

  

5. 

  

Sole Voting Power

 

0

  

6.

  

Shared Voting Power

 

94,784

  

7.

  

Sole Dispositive Power

 

0

  

8.

  

Shared Dispositive Power

 

94,784

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

94,784

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

0.3%¹    

12.

 

Type of Reporting Person

 

CO

The denominator for this calculation is based on 30,456,903 shares of Common stock, $0.50 par value, of Watsco, Inc. (the "Common Stock") and reflects (i) 30,362,119 shares of Common Stock (excluding 6,332,650 treasury shares) outstanding as of February 17, 2017 (as reported by Watsco, Inc. in its Annual Report on Form 10-K); and (ii) 94,784 shares of Common Stock underlying Watsco, Inc.'s Class B common stock, $0.50 par value (the "Class B Common Stock"), issued to Carrier Corporation ("Carrier Corporation"), a wholly-owned subsidiary of United Technologies Corporation, on July 1, 2009.

  1. 

 

Names of Reporting Persons.

 

Carrier Corporation

  2.

 

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.

 

SEC Use Only

 

  4.

 

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

  

5. 

  

Sole Voting Power

 

0

  

6.

  

Shared Voting Power

 

94,784

  

7.

  

Sole Dispositive Power

 

0

  

8.

  

Shared Dispositive Power

 

94,784

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

94,784

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

0.3%²    

12.

 

Type of Reporting Person

 

CO

The denominator for this calculation is based on 30,456,903 shares of Common Stock and reflects (i) 30,362,119  shares of Common Stock (excluding 6,332,650 treasury shares) outstanding as of February 17, 2017 (as reported by Watsco, Inc. in its Annual Report on Form 10-K); and (ii) 94,784 shares of Common Stock underlying the Class B Common Stock issued to Carrier Corporation on July 1, 2009.

Item 1

 

(a)

  

Name of Issuer:

  

  

 

  

Watsco, Inc. (the "Issuer").

  

  

Item 1

 

(b)

  

Address of Issuer's Principal Executive Offices:

  

  

 

  

2665 South Bayshore Drive, Suite 901

Miami, Florida 33133

  

  

Item 2

 

(a)

  

Name of Person Filing:

  

  

 

  

This Amendment to the Statement on Schedule 13G is filed on behalf of United Technologies Corporation and its wholly-owned subsidiary, Carrier Corporation (collectively, the "Reporting Persons").

Item 2

 

(b)

  

Address or principal business office or, if none, residence:

  

  

 

  

The address of the principal business office of United Technologies Corporation is 10 Farm Springs Road, Farmington, Connecticut, 06032. The address of the principal business office of Carrier Corporation is 17900 Beeline Highway, Jupiter, Florida 33478.

Item 2

 

(c)

  

Citizenship:

  

  

 

  

(i) United Technologies Corporation is a Delaware corporation.

 

(ii) Carrier Corporation is a Delaware corporation.

  

  

Item 2

 

(d)

  

Title of Class of Securities:

  

  

 

  

Common stock, $0.50 par value (the "Common Stock")

  

  

Item 2

 

(e)

  

CUSIP Number:

  

  

 

  

942622200

  

  

Item 3

 

  

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  

  

 

  

This Item 3 is not applicable.

  

  

Item 4

  

Ownership

  

  

Item 4

  

(a)

  

Amount Beneficially Owned:

  

  

  

  

As of date shown on the cover of this filing, United Technologies Corporation is deemed to be the beneficial owner of 94,784 shares of Common Stock.  All 94,784 of these shares of Common Stock represent the shares of Common Stock into which the Issuer's Class B common stock, $0.50 par value (the "Class B Common Stock"), that is held by Carrier Corporation, which is a wholly-owned subsidiary of United Technologies Corporation ("Carrier Corporation"), are convertible at the election of the holder, at any time, at a rate of one share of Common Stock for each share of Class B Common Stock surrendered for conversion.

Item 4

  

(b)

  

Percent of Class:

  

  

  

  

As of the date shown on the cover of this filing, each of United Technologies Corporation and Carrier Corporation may be deemed to beneficially own 0.3% of the Issuer's outstanding Common Stock, based on 30,456,903 shares of Common Stock, reflecting (i) 30,362,119  shares of Common Stock (excluding 6,332,650 treasury shares) outstanding as of February 17, 2017 (as reported by the Issuer in its Annual Report on Form 10-K); and (ii) 94,784 shares of Common Stock underlying the Class B Common Stock issued to Carrier Corporation on July 1, 2009.

Item 4

  

(c)

  

  

  

  

Number of shares as to which each of United Technologies Corporation and Carrier Corporation has:

  

  

  

  

(i)

  

Sole power to vote or to direct the vote

  

  

  

  

  

0

  

  

  

  

(ii)

  

Shared power to vote or to direct the vote

  

  

  

  

  

94,784

  

  

  

  

(iii)

  

Sole power to dispose or to direct the disposition of

  

  

  

  

  

0

  

  

  

  

(iv)

  

Shared power to dispose or to direct the disposition of

  

  

  

  

  

94,784

  

  

Item 5

  

Ownership of Five Percent or Less of a Class:

  

  

  

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

  

  

Item 6

  

Ownership of More than Five Percent on Behalf of Another Person:

  

  

  

This Item 6 is not applicable.

  

  

Item 7

  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

  

See Exhibit 99.2.

Item 8

  

Identification and Classification of Members of the Group:

  

  

  

This Item 8 is not applicable.

  

  

Item 9

  

Notice of Dissolution of Group:

  

  

  

This Item 9 is not applicable.

  

  

Item 10

  

Certification:

  

  

  

By signing below each of the Reporting Persons certifies that, to the best of such person's knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

99.1

  

Joint Filing Agreement, dated July 7, 2009 (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons on July 7, 2009).

99.2

  

Item 7 Information.