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*



   Salva                          Lawrence                             J.
2. Issuer Name and Ticker or Trading Symbol


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

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

            Senior Vice President and
            Chief Accounting Officer
   (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 Special Common Stock   11/18/02     D     4,531.5632   D   (1)   0   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
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   $53.1250   11/18/02     D       7,528   (2)   1/21/2010   Class A Special Common Stock   7,528   (1)   0   D    
Option to Purchase Class A Special Common Stock   $53.1250   11/18/02     D       212,472   (3)   1/21/2010   Class A Special Common Stock   212,472   (1)   0   D    
Option to Purchase Class A Special Common Stock   $34.3750   11/18/02     D       14,545   (4)   8/04/2010   Class A Special Common Stock   14,545   (1)   0   D    
Option to Purchase Class A Special Common Stock   $34.3750   11/18/02     D       135,455   (5)   8/04/2010   Class A Special Common Stock   135,455   (1)   0   D    
Option to Purchase Class A Special Common Stock   $42.8125   11/18/02     D       100,000   (6)   2/16/2011   Class A Special Common Stock   100,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $36.9700   11/18/02     D       2,704   1/30/2011   7/30/2011   Class A Special Common Stock   2,704   (1)   0   D    
Option to Purchase Class A Special Common Stock   $36.9700   11/18/02     D       72,296   (7)   7/30/2011   Class A Special Common Stock   72,296   (1)   0   D    
Option to Purchase Class A Special Common Stock   $35.4900   11/18/02     D       90,000   (8)   1/24/2012   Class A Special Common Stock   90,000   (1)   0   D    
Option to Purchase Class A Special Common Stock   $23.8400   11/18/02     D       96,250   (9)   10/28/2012   Class A Special Common Stock   96,250   (1)   0   D    
Option to Purchase Class A Special Common Stock   $23.8400   11/18/02     D       3,750   4/28/2012   10/28/2012   Class A Special Common Stock   3,750   (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)   1,882 shares are immediately exercisable and 1,882 shares are exercisable on each of 1/21/2003, 1/21/2004 and 1/21/2005
(3)   86,118 shares are immediately exercisable and 42,118 shares are exercisable on each of 1/21/2003, 1/21/2004 and 1/21/2005.
(4)   2,909 shares are exercisable on each of 8/04/2006, 8/04/2007, 8/04/2008, 8/04/2009 and 2/04/2010.
(5)   30,000 shares are immediately exercisable; 15,000 shares are exercisable on each of 8/04/2003, 8/04/2004 and 8/04/2005; and 12,091 shares are exercisable on each of 8/04/2006, 8/04/2007, 8/04/2008, 8/04/2009 and 2/04/2010.
(6)   40,000 shares are immediately exercisable and 20,000 shares are exercisable on each of 1/21/2003, 1/21/2004 and 1/21/2005.
(7)   23,500 shares are exercisable on 7/30/2003; 11,750 shares are exercisable on each of 7/30/2004, 7/30/2005 and 7/30/2006; 3,250 shares are exercisable on each of 7/30/2007, 7/30/2008, 7/30/2009 and 7/30/2010; and 546 shares are exercisable on 7/30/2011.
(8)   29,500 shares are exercisable on 1/24/2004; 14,750 shares are exercisable on each of 1/24/2005, 1/24/2006 and 1/24/2007; and 3,250 shares are exercisable on each of 1/24/2008, 1/24/2009, 1/24/2010, 1/24/2011 and 7/24/2011.
(9)   32,500 shares are exercisable on 10/28/2004; 16,250 shares are exercisable on each of 10/28/2005, 10/28/2006 and 10/28/2007; and 3,750 shares are exercisable on each of 10/28/2008, 10/28/2009, 10/28/2010 and 10/28/2011.

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 /s/ Lawrence J. Salva   November 18, 2002 

 
** Signature of Reporting Person   Date
Lawrence J. Salva     
     

 

**   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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