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 (formerly named AT&T 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)

    November 20, 2002		 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    A    130,968  A  (1)  130,968  D  
 Class A Special Common Stock  11/18/02    A    240,170  A  (1)  240,170  I  By GRATs
 Class A Special Common Stock  11/18/02    A    2,835,311  A  (1)  2,835,311  D  
                     
                     
                     
                     
                     
                     
                     
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(1)		 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)(1) (D) Date
Exercisable 		Expiration
Date 		      Title       Amount or
Number of
Shares(1)
Option to Purchase
Class A Special
Common Stock  		 $6.0417   11/18/02     A     208,449     Immediately   7/06/2003   Class A Special
Common Stock 		208,449     208,449   D    
Option to Purchase
Class A Special
Common Stock  		 $6.0417   11/18/02     A     16,551     Immediately   1/06/2003   Class A Special
Common Stock 		16,551     16,551   D    
Option to Purchase
Class A Special
Common Stock  		 $10.5834   11/18/02     A     9,448     1/10/2003   1/10/2004   Class A Special
Common Stock 		9,448     9,448   D    
Option to Purchase
Class A Special
Common Stock  		 $10.5834   11/18/02     A     140,552     (2)   7/10/2004   Class A Special
Common Stock 		140,552     140,552   D    
Option to Purchase
Class A Special
Common Stock  		 $9.5625   11/18/02     A     105,536     (3)   7/10/2004   Class A Special
Common Stock 		105,536     105,536   D    
Option to Purchase
Class A Special
Common Stock  		 $9.5625   11/18/02     A     156,516     Immediately   7/06/2003   Class A Special
Common Stock 		156,516     156,516   D    
Option to Purchase
Class A Special
Common Stock  		 $9.3750   11/18/02     A     10,666     06/21/2004   1/13/2005   Class A Special
Common Stock 		10,666     10,666   D    
Option to Purchase
Class A Special
Common Stock  		 $9.3750   11/18/02     A     489,334     (4)   12/21/2005   Class A Special
Common Stock 		489,334     489,334   D    
Option to Purchase
Class A Special
Common Stock  		 $9.1875   11/18/02     A     105,000     Immediately   2/05/2007   Class A Special
Common Stock 		105,000     105,000   D    
Option to Purchase
Class A Special
Common Stock  		 $14.9375   11/18/02     A     105,000     (5)   1/09/2008   Class A Special
Common Stock 		105,000     105,000   D    
Option to Purchase
Class A Special
Common Stock  		 $16.9375   11/18/02     A     250,000     (6)   6/16/2008   Class A Special
Common Stock 		250,000     250,000   D    
Option to Purchase
Class A Special
Common Stock  		 $16.9375   11/18/02     A     17,712     (7)   6/16/2008   Class A Special
Common Stock 		17,712     17,712   D    
Option to Purchase
Class A Special
Common Stock  		 $16.9375   11/18/02     A     232,288     (8)   6/16/2008   Class A Special
Common Stock 		232,288     232,288   D    
Option to Purchase
Class A Special
Common Stock  		 $32.8437   11/18/02     A     33,750     (9)   5/03/2009   Class A Special
Common Stock 		33,750     33,750   D    
Option to Purchase
Class A Special
Common Stock  		 $32.8437   11/18/02     A     3,044     (10)   5/03/2009   Class A Special
Common Stock 		3,044     3,044   D    
Option to Purchase
Class A Special
Common Stock  		 $32.8437   11/18/02     A     23,206     (11)   5/03/2009   Class A Special
Common Stock 		23,206     23,206   D    
Option to Purchase
Class A Special
Common Stock  		 $38.5000   11/18/02     A     2,597     3/30/2009   3/30/2010   Class A Special
Common Stock 		2,597     2,597   D    
Option to Purchase
Class A Special
Common Stock  		 $38.5000   11/18/02     A     57,403     (12)   3/30/2010   Class A Special
Common Stock 		57,403     57,403   D    
Option to Purchase
Class A Special
Common Stock  		 $36.9700   11/18/02     A     5,408     (13)   7/30/2011   Class A Special
Common Stock 		5,408     5,408   D    
Option to Purchase
Class A Special
Common Stock  		 $36.9700   11/18/02     A     144,592     (14)   7/30/2011   Class A Special
Common Stock 		144,592     144,592   D    
Option to Purchase
Class A Special
Common Stock  		 $35.4900   11/18/02     A     150,000     (15)   1/24/2012   Class A Special
Common Stock 		150,000     150,000   D    
Option to Purchase
Class A Special
Common Stock  		 $21.5400   11/18/02     A     500,000     (16)   7/11/2012   Class A Special
Common Stock 		500,000     500,000   D    

Explanation of Responses:

(1) Shares and options to purchase shares of Issuer common stock were acquired pursuant to the merger of each of Comcast Holdings Corporation (formerly named Comcast Corporation) and Comcast Cable Communications Holdings, Inc. (formerly named AT&T Broadband Corp.) with wholly-owned subsidiaries of the Issuer.
(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   December 5, 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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