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*



  Alchin                             John                                R.		 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)

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

           Executive Vice President, Treasurer and
                     Co-Chief Financial 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)

    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    562  A  (1)  562  D  
 Class A Special Common Stock  11/18/02    A    111,566.9593  A  (1)  111,566.9593  D  
 Class A Special Common Stock  11/18/02    A    29.2320  A  (1)  29.2320  I  By 401(k) Plan
                     
                     
                     
                     
                     
                     
                     
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     16,551     Immediately   1/06/2003   Class A Special
Common Stock  		 16,551     16,551   D    
Option to Purchase
Class A Special
Common Stock  		 $6.0417   11/18/02     A     1,449     Immediately   7/06/2003   Class A Special
Common Stock  		 1,449     1,449   D    
Option to Purchase
Class A Special
Common Stock  		 $10.5834   11/18/02     A     11,100     (2)   1/10/2004   Class A Special
Common Stock  		 11,100     11,100   D    
Option to Purchase
Class A Special
Common Stock  		 $10.5834   11/18/02     A     23,588     Immediately   7/10/2004   Class A Special
Common Stock  		 23,588     23,588   D    
Option to Purchase
Class A Special
Common Stock  		 $10.5834   11/18/02     A     37,312     (3)   7/10/2004   Class A Special
Common Stock  		 37,312     37,312   D    
Option to Purchase
Class A Special
Common Stock  		 $9.5625   11/18/02     A     1,158     Immediately   7/06/2003   Class A Special
Common Stock  		 1,158     1,158   D    
Option to Purchase
Class A Special
Common Stock  		 $9.5625   11/18/02     A     57,236     Immediately   7/10/2004   Class A Special
Common Stock  		 57,236     57,236   D    
Option to Purchase
Class A Special
Common Stock  		 $9.5625   11/18/02     A     29,832     (4)   7/10/2004   Class A Special
Common Stock  		 29,832     29,832   D    
Option to Purchase
Class A Special
Common Stock  		 $7.5000   11/18/02     A     13,332     1/13/2004   1/13/2005   Class A Special
Common Stock  		 13,332     13,332   D    
Option to Purchase
Class A Special
Common Stock  		 $7.5000   11/18/02     A     447,823     (5)   7/13/2005   Class A Special
Common Stock  		 447,823     447,823   D    
Option to Purchase
Class A Special
Common Stock  		 $9.1875   11/18/02     A     87,500     Immediately   2/05/2007   Class A Special
Common Stock  		 87,500     87,500   D    
Option to Purchase
Class A Special
Common Stock  		 $14.9375   11/18/02     A     87,500     (6)   1/09/2008   Class A Special
Common Stock  		 87,500     87,500   D    
Option to Purchase
Class A Special
Common Stock  		 $16.9375   11/18/02     A     250,000     (7)   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     (8)   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     (9)   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     41,250     (10)   5/03/2009   Class A Special
Common Stock  		 41,250     41,250   D    
Option to Purchase
Class A Special
Common Stock  		 $32.8437   11/18/02     A     3,044     5/03/2008   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     30,706     (11)   5/03/2009   Class A Special
Common Stock  		 30,706     30,706   D    
Option to Purchase
Class A Special
Common Stock  		 $37.5625   11/18/02     A     2,662     6/02/2009   6/02/2010   Class A Special
Common Stock  		 2,662     2,662   D    
Option to Purchase
Class A Special
Common Stock  		 $37.5625   11/18/02     A     597,338     (12)   6/02/2010   Class A Special
Common Stock  		 597,338     597,338   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     194,592     (14)   7/30/2011   Class A Special
Common Stock  		 194,592     194,592   D    
Option to Purchase
Class A Special
Common Stock  		 $35.4900   11/18/02     A     200,000     (15)   1/24/2012   Class A Special
Common Stock  		 200,000     200,000   D    
Option to Purchase
Class A Special
Common Stock  		 $23.8400   11/18/02     A     105,806     (16)   10/28/2012   Class A Special
Common Stock  		 105,806     105,806   D    
Option to Purchase
Class A Special
Common Stock  		 $23.8400   11/18/02     A     4,194     4/28/2012   10/28/2012   Class A Special
Common Stock  		 4,194     4,194   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) 1,652 shares are immediately exercisable and 9,448 shares are exercisable on 1/10/2003.
(3) 22,760 shares are immediately exercisable; 2,552 shares are exercisable on 1/10/2003; and 12,000 shares are exercisable on 7/10/2003.
(4) 18,196 shares are immediately exercisable; 2,042 shares are exercisable on 1/10/2003; and 9,594 shares are exercisable on 7/10/2003.
(5) 281,155 shares are immediately exercisable; 60,000 shares are exercisable on 1/13/2003; 46,668 shares are exercisable on 1/13/2004; and 60,000 shares are exercisable on 7/13/2004.
(6) 70,000 shares are immediately exercisable and 17,500 shares are exercisable on 1/09/2003.
(7) 200,000 shares are immediately exercisable and 50,000 shares are exercisable on 6/16/2003.
(8) 5,904 shares are exercisable on each of 6/16/2005, 6/16/2006 and 6/16/2007.
(9) 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.
(10) 24,750 shares are immediately exercisable and 8,250 shares are exercisable on each of 5/03/2003 and 5/03/2004.
(11) 10,125 shares are immediately exercisable; 3,375 shares are exercisable on each of 5/03/2003, 5/03/2004, 5/03/2005, 5/03/2006 and 5/03/2007; 331 shares are exercisable on 5/03/2008; and 3,375 shares are exercisable on 11/03/2008.
(12) 120,000 shares are immediately exercisable; 60,000 shares are exercisable on each of 6/02/2003, 6/02/2004, 6/02/2005, 6/02/2006, 6/02/2007 and 6/02/2008; 57,338 shares are exercisable on 6/02/2009; and 60,000 shares are exercisable on 12/02/2009.
(13) 2,704 shares are exercisable on each of 7/30/2010 and 1/30/2011.
(14) 61,000 shares are exercisable on 7/30/2003; 30,500 shares are exercisable on each of 7/30/2004, 7/30/2005 and 7/30/2006; 9,500 shares are exercisable on each of 7/30/2007, 7/30/2008 and 7/30/2009; and 6,796 shares are exercisable on each of 7/30/2010 and 7/30/2011.
(15) 62,500 shares are exercisable on 1/24/2004; 31,250 shares are exercisable on each of 1/24/2005, 1/24/2006 and 1/24/2007; and 8,750 shares are exercisable on each of 1/24/2008, 1/24/2009, 1/24/2010, 1/24/2011 and 7/24/2011.
(16) 35,500 shares are exercisable on 10/28/2004; 17,750 shares are exercisable on each of 10/28/2005, 10/28/2006 and 10/28/2007; 4,250 shares are exercisable on each of 10/28/2008, 10/28/2009, 10/28/2010 and 10/28/2011; and 56 shares are exercisable on 4/28/2012.

 

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 /s/ John R. Alchin   December 5, 2002 
 
** Signature of Reporting Person   Date
John R. Alchin     
     

 

**   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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