0001252112-03-000002 4 1 20031230 20031230 NOVIELLO JOSEPH C 0001252112 4 34 000-28191 031078662 ESPEED INC 135 EAST 57TH ST NEW YORK NY 10022 2129385000 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 4 1 primary_doc.xml PRIMARY DOCUMENT FORM 4 OMB APPROVAL [ ] Check this OMB Number: box if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION 3235-0287 subject to Washington, D.C. 20549 Estimated Section 16. Form STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF average burden 4 or Form 5 SECURITIES hours per obligations may response... 0.5 continue. See Instruction 1(b). 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. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to NOVIELLO JOSEPH C ESPEED INC [ ESPD ] Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title (Last) (First) (Middle) 3. Date of Earliest below) _____ Other C/O ESPEED, INC., 135 E. 57TH Transaction (MM/DD/YYYY) (specify below) STREET 12/30/2003 EVP &Chief Information Officer (Street) 4. If Amendment, Date 6. Individual or NEW YORK, NY 10022 Original Filed Joint/Group Filing (Check (City) (State) (Zip) (MM/DD/YYYY) Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. Trans. Date 2A. 3. Trans. 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of (Instr. 3) Deemed Code (A) or Disposed of (D) Securities Form: Direct Indirect Execution (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Indirect Beneficial Date, if Owned Following (I) (Instr. 4) Ownership any Reported (Instr. 4) Transaction(s) (A) (Instr. 3 and or 4) Code V Amount (D) Price Class A Common Stock, par value 12/30/2003 M 25000 A $5.1 27331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 5000 D $23.55 22331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 3000 D $23.7 19331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 2000 D $23.704 17331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 3000 D $23.79 14331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 3000 D $23.8 11331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 4000 D $23.88 7331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 824 D $23.6506 6507 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 2176 D $23.84 4331 D $0.01 per share Class A Common Stock, par value 12/30/2003 S 2000 D $23.77 2331 D $0.01 per share Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. Trans. Date 3A. 4. Trans. 5. Number of 6. Date Exercisable 7. Title and Amount of 8. Price 9. Number of 10. 11. Nature Derivate Conversion Deemed Code Derivative and Expiration Date Securities Underlying of derivative Ownership of Security or Execution (Instr. 8) Securities Derivative Security Derivative Securities Form of Indirect (Instr. 3) Exercise Date, if Acquired (A) or (Instr. 3 and 4) Security Beneficially Derivative Beneficial Price of any Disposed of (D) (Instr. 5) Owned Security: Ownership Derivative (Instr. 3, 4 and Following Direct (D) (Instr. 4) Security 5) Reported or Transaction(s) Indirect Date Expiration Amount or (Instr. 4) (I) Exercisable Date Title Number of (Instr. 4) Code V (A) (D) Shares Option to Class A purchase Class Common A Common Stock, $5.1 12/30/2003 M 25000 (1) (2) Stock, par 25000 $0 (3) 150000 D par value value $0.01 $0.01 per share Explanation of Responses: (1) These options generally vest ratably on a quarterly basis over a four-year period beginning on the date of the grant, October 19, 2001. (2) These options expire on October 19, 2011, subject to accelerated expiration under certain circumstances. (3) These options were granted pursuant to eSpeed, Inc.'s 1999 Long-Term Incentive Plan. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other NOVIELLO JOSEPH C C/O ESPEED, INC. X EVP &Chief Information 135 E. 57TH STREET Officer NEW YORK, NY 10022 Signatures Joseph C. Noviello 12/30/2003 ** 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 4(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. 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