0001292826-04-000001 3 1 20040601 20040608 Saltzman Paul 0001292826 3 34 000-28191 04853017 212-933-5000 135 EAST 57TH STREET NEW YORK NY 10022 ESPEED INC 0001094831 7389 134063515 DE 1231 135 E. 57TH STREET 135 E. 57TH STREET NEW YORK NY 10022 2129385000 135 E. 57TH STREET 135 E. 57TH STREET NEW YORK NY 10022 3 1 primary_doc.xml PRIMARY DOCUMENT FORM 3 OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB Number: Washington, D.C. 20549 3235-0104 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF Estimated SECURITIES average burden hours per response... 0.5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting 2. Date of Event 3. Issuer Name and Ticker or Trading Person * Requiring Symbol Saltzman Paul Statement ESPEED INC [ESPD] (MM/DD/YYYY) 6/1/2004 (Last) (First) (Middle) 4. Relationship of Reporting Person(s) to Issuer (Check 135 EAST 57TH STREET all applicable) _____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) COO, Executive Vice President / (Street) 5. If Amendment, 6. Individual or Joint/Group NEW YORK, NY 10022 Date Original Filing(Check Applicable Line) (City) (State) (Zip) Filed(MM/DD/YYYY) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1.Title of Security 2. Amount of 3. 4. Nature of Indirect (Instr. 4) Securities Ownership Beneficial Ownership Beneficially Form: (Instr. 5) Owned Direct (Instr. 4) (D) or Indirect (I) (Instr. 5) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivate 2. Date Exercisable 3. Title and 4. 5. 6. Nature of Security and Expiration Date Amount of Conversion Ownership Indirect (Instr. 4) (MM/DD/YYYY) Securities or Form of Beneficial Underlying Exercise Derivative Ownership Derivative Price of Security: (Instr. 5) Security Derivative Direct (D) (Instr. 4) Security or Indirect (I) Date Expiration Title Amount (Instr. 5) Exercisable Date or Number of Shares Option to purchase Class A Shares of Class A Common (1) (2) Common 200,000 $17.67 D Stock Stock Explanation of Responses: (1) These options generally vest as to 1/16th of the total number of shares on a quarterly basis beginning July 29, 2004, subject to accelerated vesting under certain circumstances. (2) These options will expire on April 29, 2014, subject to accelerated expiration under certain circumstances. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Saltzman Paul COO, Executive Vice 135 EAST 57TH STREET President NEW YORK, NY 10022 Signatures /s/ Paul Saltzman 6/7/2004 ** Signature of Reporting Person Date 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 5(b)(v). ** 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. Persons who 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.