Form 4

 

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940

 
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(Print or Type Responses)
 1. Name and Address of Reporting Person*



  Brodsky                          Julian                               A.
2. Issuer Name and Ticker or Trading Symbol


        Comcast Corporation: CMCSA and CMCSK
6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)

     x Director                   o 10% Owner
     x Officer                     o Other (specify below)
        (give title below)

                 Vice Chairman
   (Last)                            (First)                         (Middle)


 Comcast Corporation
 1500 Market Street
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (Voluntary)
4. Statement for
    Month/Day/Year

    November 18, 2002
                                       (Street)



 Philadelphia                      PA                             19102
5. If Amendment, Date of
    Original (Month/Day/Year)
7. Individual or Joint/Group Filing
    (Check Applicable Line)
     x Form filed by One Reporting Person
     o Form filed by More than One Reporting Person
   (City)                           (State)                           (Zip) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)
 
2. Trans-
    action
    Date
    (Month/
    Day/
    Year)
 
2A. Deemed
       Execution
       Date, if any
       (Month/
       Day/
       Year)
 
3. Trans-
    action
    Code
    (Instr. 8)
4. Securities Acquired (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)
5. Amount of
    Securities
    Beneficially
    Owned
    Following
    Reported
    Transaction(s)
    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct
    (D) or
    Indirect
    (I)
    (Instr. 4)
7. Nature of
    Indirect
    Beneficial
    Owner-
    ship
    (Instr. 4)
   Code    V Amount (A)
 or
(D)
     Price     
Class A Common Stock   11/18/02     D     130,968   D   (1)   0   D    
Class A Special Common Stock   11/18/02     D     2,835,311   D   (1)   0   D    
Class A Special Common Stock   11/18/02     D     240,170   D   (1)   0   I   By GRATs  
                     
                     
                     
                     
                     
                     
                     
Reminder:   Report on a separate line for each class of securities beneficially owned directly or indirectly.
*   If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative
    Security
    (Instr. 3)
2. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Trans-
    action
    Date
    (Month/
    Day/
    Year)
 
3A. Deemed
       Execution
       Date, if
       any
       (Month/
       Day/
       Year)
4. Trans-
    action
    Code
    (Instr. 8)
5. Number of Deriv-
    ative Securities
    Acquired (A) or
    Disposed of (D)
    (Instr. 3, 4 and 5)
6. Date Exercisable
    and Expiration
    Date
    (Month/Day/Year)
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Deriv-
    ative
    Security
    (Instr.
    5)
 
9. Number
    of Deriv-
    ative
    Securities
    Bene-
    ficially
    Owned
    Following
    Reported
    Trans-
    action(s)
    (Instr. 4)
10. Owner-
      ship
      Form of
      Deriv-
      ative
      Securities
      Direct
      (D) or
      Indirect
      (I)
      (Instr. 4)
11. Nature
      of
      Indirect
      Benefi-
      cial
      Owner-
      ship
      (Instr. 4)
  Code    V  (A) (D)(1) Date
Exercisable
Expiration
Date
      Title       Amount or
Number of
Shares (1)
Option to Purchase Class A Special Common Stock   $6.0417   11/18/02     D       208,449   Immediately   7/06/2003   Class A Special Common Stock   208,449   (1)   0   D    
Option to Purchase Class A Special Common Stock   $6.0417   11/18/02     D       16,551   Immediately   1/06/2003   Class A Special Common Stock   16,551   (1)   0   D    
Option to Purchase Class A Special Common Stock   $10.5834   11/18/02     D       9,448   1/10/2003   1/10/2004   Class A Special Common Stock   9,448   (1)   0   D    
Option to Purchase Class A Special Common Stock   $10.5834   11/18/02     D       140,552   (2)   7/10/2004   Class A Special Common Stock   140,552   (1)   0   D    
Option to Purchase Class A Special Common Stock   $9.5625   11/18/02     D       105,536   (3)   7/10/2004   Class A Special Common Stock   105,536   (1)   0   D    
Option to Purchase Class A Special Common Stock   $9.5625   11/18/02     D       156,516   Immediately   7/06/2003   Class A Special Common Stock   156,516   (1)   0   D    
Option to Purchase Class A Special Common Stock   $9.3750   11/18/02     D       10,666   06/21/2004   1/13/2005   Class A Special Common Stock   10,666   (1)   0   D    
Option to Purchase Class A Special Common Stock   $9.3750   11/18/02     D       489,334   (4)   12/21/2005   Class A Special Common Stock   489,334   (1)   0   D    
Option to Purchase Class A Special Common Stock   $9.1875   11/18/02     D       105,000   Immediately   2/05/2007   Class A Special Common Stock   105,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $14.9375   11/18/02     D       105,000   (5)   1/09/2008   Class A Special Common Stock   105,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $16.9375   11/18/02     D       250,000   (6)   6/16/2008   Class A Special Common Stock   250,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $16.9375   11/18/02     D       17,712   (7)   6/16/2008   Class A Special Common Stock   17,712   (1)   0   D    
Option to Purchase Class A Special Common Stock   $16.9375   11/18/02     D       232,288   (8)   6/16/2008   Class A Special Common Stock   232,288   (1)   0   D    
Option to Purchase Class A Special Common Stock   $32.8437   11/18/02     D       33,750   (9)   5/03/2009   Class A Special Common Stock   33,750   (1)   0   D    
Option to Purchase Class A Special Common Stock   $32.8437   11/18/02     D       3,044   (10)   5/03/2009   Class A Special Common Stock   3,044   (1)   0   D    
Option to Purchase Class A Special Common Stock   $32.8437   11/18/02     D       23,206   (11)   5/03/2009   Class A Special Common Stock   23,206   (1)   0   D    
Option to Purchase Class A Special Common Stock   $38.5000   11/18/02     D       2,597   3/30/2009   3/30/2010   Class A Special Common Stock   2,597   (1)   0   D    
Option to Purchase Class A Special Common Stock   $38.5000   11/18/02     D       57,403   (12)   3/30/2010   Class A Special Common Stock   57,403   (1)   0   D    
Option to Purchase Class A Special Common Stock   $36.9700   11/18/02     D       5,408   (13)   7/30/2011   Class A Special Common Stock   5,408   (1)   0   D    
Option to Purchase Class A Special Common Stock   $36.9700   11/18/02     D       144,592   (14)   7/30/2011   Class A Special Common Stock   144,592   (1)   0   D    
Option to Purchase Class A Special Common Stock   $35.4900   11/18/02     D       150,000   (15)   1/24/2012   Class A Special Common Stock   150,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $21.5400   11/18/02     D       500,000   (16)   7/11/2012   Class A Special Common Stock   500,000   (1)   0   D    

Explanation of Responses:

  (1)   Pursuant to the merger agreement among the Issuer, AT&T Comcast Corporation (to be named Comcast Corporation, "Parent") and others, the Issuer will become a wholly-owned subsidiary of Parent (the "Merger") and will cease to have registered securities. See the Form 4 to be filed by the Reporting Person with respect to securities of Parent acquired by such Reporting Person as a result of the Merger.
  (2)   120,000 shares are immediately exercisable; 5,552 shares are exercisable on 1/10/2003; and 15,000 shares are exercisable on 7/10/2003.
  (3)   90,110 shares are immediately exercisable; 4,164 shares are exercisable on 1/10/2003; and 11,262 shares are exercisable on 7/10/2003.
  (4)   350,000 shares are immediately exercisable; 50,000 shares are exercisable on 6/21/2003; 39,334 shares are exercisable on 6/21/2004; and 50,000 shares are exercisable on 12/21/2004.
  (5)   84,000 shares are immediately exercisable and 21,000 shares are exercisable on 1/09/2003.
  (6)   200,000 shares are immediately exercisable and 50,000 shares are exercisable on 6/16/2003.
  (7)   5,904 shares are exercisable on each of 6/16/2005, 6/16/2006 and 6/16/2007.
  (8)   100,000 shares are immediately exercisable; 25,000 shares are exercisable on each of 6/16/2003 and 6/16/2004; 57,288 shares are exercisable on 6/16/2007; and 25,000 shares are exercisable on 12/16/2007.
  (9)   20,250 shares are immediately exercisable and 6,750 shares are exercisable on each of 5/03/2003 and 5/03/2004.
(10)   2,625 shares are exercisable on 5/03/2008 and 419 shares are exercisable on 11/03/2008.
(11)   7,875 shares are immediately exercisable; 2,625 shares are exercisable on each of 05/03/2003, 05/03/2004, 05/03/2005, 05/03/2006 and 05/03/2007; and 2,206 shares are exercisable on 11/03/2008.
(12)   12,000 shares are immediately exercisable; 6,000 shares are exercisable on each of 3/30/2003, 3/30/2004, 3/30/2005, 3/30/2006, 3/30/2007 and 3/30/2008; 3,403 shares are exercisable on 3/30/2009; and 6,000 shares are exercisable on 9/30/2009.
(13)   2,704 shares are exercisable on each of 7/30/2010 and 7/30/2011.
(14)   46,000 shares are exercisable on 7/30/2003; 23,000 shares are exercisable on each of 7/30/2004, 7/30/2005 and 7/30/2006; 7,000 shares are exercisable on each of 7/30/2007, 7/30/2008 and 7/30/2009; and 4,296 shares are exercisable on each of 7/30/2010 and 7/30/2011.
(15)   47,500 shares are exercisable on 1/24/2004; 23,750 shares are exercisable on each of 1/24/2005, 1/24/2006 and 1/24/2007; and 6,250 shares are exercisable on each of 1/24/2008, 1/24/2009, 1/24/2010, 1/24/2011 and 7/24/2011.
(16)   50,000 shares are exercisable on 7/11/2004; 100,000 shares are exercisable on each of 7/11/2005, 7/11/2006, 7/11/2007 and 7/11/2008; and 50,000 shares are exercisable on 1/11/2009.

 

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 /s/ Julian A. Brodsky   November 18, 2002 

 
** Signature of Reporting Person   Date
Julian A. Brodsky     
     

 

**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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