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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
The National Association of Securities Dealers, Inc.
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(Last) (First) (Middle)
1735 K Street, N.W.
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(Street)
Washington, DC 20006
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
The Nasdaq Stock Market, Inc.: Nasdaq
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
April 1, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form Filed by One Reporting Person
|_| Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock,
par value $0.01
per share 08/09/02 S 8,230 D $13 43,217,746 D
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Common Stock,
par value $0.01
per share 08/13/02 S 9,000 D $13 43,208,746 D
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Common Stock,
par value $0.01
per share 08/26/02 S 3,300 D $13 43,205,446 D
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Common Stock,
par value $0.01
per share 10/15/02 S 300 D $13 43,205,146 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
As of March 21, 2003, the National Association of Securities Dealers, Inc.
("NASD") has issued and outstanding 10,785,664 warrants ("Warrants"),
exercisable for shares of The Nasdaq Stock Market, Inc.'s ("Nasdaq") common
stock, par value $0.01 per share (the "Common Stock") held by NASD. This Form 4
reflects the exercise of 20,830 Warrants for a total of 20,830 shares of Common
Stock. Until Nasdaq is registered as an exchange ("Exchange Registration"), the
shares of Common Stock underlying the Warrants are subject to a voting agreement
whereby a voting trustee will vote all shares of Common Stock underlying
unexpired and unexercised Warrants, as well as exercised Warrants, as directed
by NASD. Therefore, while NASD no longer has an economic interest in the shares
of Common Stock sold pursuant to the exercise of Warrants, it retains the voting
rights of such shares until Exchange Registration.
By: /s/ T. Grant Callery April 1, 2003
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Name: T. Grant Callery Date
Title: Senior Vice President and
General Counsel
** 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.
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 Number.
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