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
  		OMB APPROVAL
o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB Number:                 3235-0287
Expires:                  January 31, 2005
Estimated average burden
hours per response.......................0.5
(Print or Type Responses)
 1. Name and Address of Reporting Person*



 Armstrong                          C.                            Michael		 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)

                   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 20, 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    80,664  A  (1)  80,664  D  
 Class A Common Stock  11/18/02    A    142,714  A  (1)  142,714  D  
 Class A Common Stock  11/18/02    J    208,877  A  (2)  208,877  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.

Page 1 of 4

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) Date
Exercisable 		Expiration
Date 		      Title       Amount or
Number of
Shares
Option to Purchase
Class A Common Stock  		 $42.93(1)   11/18/02     A     587,189(1)     Immediately   10/17/2007   Class A Common Stock   587,189(1)     587,189   D    
Option to Purchase
Class A Common Stock  		 $60.88(1)   11/18/02     A     156,583(1)     Immediately   1/30/2008   Class A Common Stock   156,583(1)     156,583   D    
Option to Purchase
Class A Common Stock  		 $86.58(1)   11/18/02     A     234,875(1)     Immediately   1/29/2009   Class A Common Stock   234,875(1)     234,875   D    
Option to Purchase
Class A Common Stock  		 $85.00(1)   11/18/02     A     64,413(1)     Immediately   1/30/2008   Class A Common Stock   64,413(1)     64,413   D    
Option to Purchase
Class A Common Stock  		 $65.70(1)   11/18/02     A     218,799(1)     Immediately   2/28/2010   Class A Common Stock   218,799(1)     218,799   D    
Option to Purchase
Class A Common Stock  		 $33.32(1)   11/18/02     A     344,078(1)     Immediately   3/5/2011   Class A Common Stock   344,078(1)     344,078   D    
Option to Purchase
Class A Common Stock  		 $32.28(1)   11/18/02     A     229,402(1)     Immediately   7/02/2011   Class A Common Stock   229,402(1)     229,402   D    
Option to Purchase
Class A Common Stock  		 $27.73(1)   11/18/02     A     730,919(1)     (3)   2/19/2012   Class A Common Stock   730,919(1)     730,919   D    
Option to Purchase
Class A Common Stock  		 $25.0000   11/20/02     A     2,364,000     (4)   11/20/2012   Class A Common Stock   2,364,000     2,364,000   D    
Option to Purchase
Class A Common Stock  		 $25.0000   11/20/02     A     36,000     (5)   11/20/2012   Class A Common Stock   36,000     36,000   D    
Performance Shares   1-for-1(1)   11/18/02     A     110,255(1)     12/31/2004   12/31/2004   Class A Common Stock   110,255(1)     110,255   D    

Explanation of Responses:

(1) Shares and equity awards with respect to shares of Issuer common stock were acquired pursuant to the merger (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) In connection with the Merger, shares of Issuer common stock were received in settlement of pre-existing AT&T Corp. equity-based awards.
(3) 182,730 shares are exercisable on each of 02/19/2003, 02/19/2004 and 02/19/2005; and 182,729 shares are exercisable on 02/19/2006.
(4) 716,000 shares are exercisable on 11/20/2004; 356,000 shares are exercisable on each of 11/20/2005, 11/20/2006 and 11/20/2007; 116,000 shares are exercisable on each of 11/20/2008, 11/20/2009, 11/20/2010, 11/20/2011 and 5/20/2012.
(5) 4,000 shares are exercisable on each of 11/20/2004, 11/20/2005, 11/20/2006, 11/20/2007, 11/20/2008, 11/20/2009, 11/20/2010, 11/20/2011 and 5/20/2012.

 

Page 2 of 4

 

     
 /s/ Arthur R. Block   December 5, 2002 
 
** Signature of Reporting Person   Date
By: Arthur R. Block,
Attorney-in-Fact for
C. Michael Armstrong		    
     

 

**   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.

Page 3 of 4

 

Attachment 1

POWER OF ATTORNEY

             Know all by these presents, that the undersigned hereby constitutes and appoints each of Arthur R. Block, David L. Cohen and Lawrence S. Smith, as the undersigned's true and lawful attorneys-in-fact to:

             (1) execute for and on behalf of the undersigned, in the undersigned's capacity as a reporting person pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder of AT&T Comcast Corporation (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Exchange Act;

             (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and stock exchange or similar authority; and

             (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of any of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by any of such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as any of such attorneys-in-fact may approve in the discretion of any of such attorneys-in-fact.

             The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any of such attorneys-in-fact, or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

             This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

             IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 18th day of November, 2002.

Signature: /s/ Mike Armstrong
Name: Mike Armstrong

 

Page 4 of 4