SEC Form 4 · accession 0001225208-15-005091

CBS CORP · CBS, CBS.A

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO · Director

Period of report

Feb 20, 2015

Accepted (ET)

Feb 20, 2015 · 9:16 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000813828

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
CBS Class B common stock	Feb 20, 2015	M	187,500	$28.70	A	1,525,998	D
CBS Class B common stock	Feb 20, 2015	M	100,000	$23.19	A	1,625,998	D
CBS Class B common stock^F2	Feb 20, 2015	S	287,500	$59.4313	D	1,338,498	D
CBS Class B common stock^F3	Feb 20, 2015	M	90,958	$0.00	A	90,958	I	By Family Trust M
CBS Class B common stock	Feb 20, 2015	F	51,274	$59.50	D	39,684	I	By Family Trust M
CBS Class B common stock^F3	Feb 20, 2015	M	27,815	$0.00	A	27,815	I	By Family Trust N
CBS Class B common stock	Feb 20, 2015	F	15,680	$59.50	D	12,135	I	By Family Trust N
CBS Class B common stock	holding	—	—		—	4,353	I	By 2008 Trust II
CBS Class B common stock	holding	—	—		—	233,810	I	By 2010 Trust II
CBS Class B common stock	holding	—	—		—	2,062	I	By 401(k)
CBS Class B common stock	holding	—	—		—	154,792	I	By Family Trust B
CBS Class B common stock	holding	—	—		—	29,134	I	By Family Trust E
CBS Class B common stock	holding	—	—		—	22,800	I	By Family Trust F
CBS Class B common stock	holding	—	—		—	51,800	I	By Family Trust G
CBS Class B common stock	holding	—	—		—	101,483	I	By Family Trust H
CBS Class B common stock	holding	—	—		—	21,538	I	By Family Trust I
CBS Class B common stock	holding	—	—		—	271	I	By IRA
CBS Class B common stock	holding	—	—		—	1,976	I	By Spouse
CBS Class B common stock	holding	—	—		—	2,662	I	By Spouse - 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F4,F5	$28.70	Feb 20, 2015	M	187,500	D	—	Oct 19, 2015	CBS Class B common stock	187,500	187,500	D
Employee Stock Option (right to buy)^F4,F6	$23.19	Feb 20, 2015	M	100,000	D	Mar 1, 2012	Mar 1, 2019	CBS Class B common stock	100,000	2,650,000	D
Restricted Share Units - S^F7,F8	—	Feb 20, 2015	M	90,958	D	Feb 20, 2015	—	CBS Class B common stock	90,958	0	I
Restricted Share Units^F7,F10,F9	—	Feb 20, 2015	M	27,815	D	Feb 20, 2015	—	CBS Class B common stock	27,815	55,632	I

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
F10Reflects that Reporting Person has assigned these Restricted Share Units to a family trust.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.09 to $59.69, inclusive. The reporting person undertakes to provide upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3On February 20, 2015, the closing price of the CBS Class B common stock on the NYSE was $59.50.
F4Right to buy under Issuer's long term incentive plan.
F5Current.
F6This option vests in four equal installments on each of March 1, 2012, March 1, 2013, March 1, 2014 and February 22, 2015.
F7Granted under the Issuer's long term incentive plan.
F8These Restricted Share Units vest on February 20, 2015 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
F9These Restricted Share Units vest in three equal annual installments beginning on February 20, 2015 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.