SEC Form 4 · accession 0001225208-15-005276
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Jones
Officer — EVP, General Tax Counsel
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 9:09 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 stockF1 | Feb 20, 2015 | M | 1,306 | $0.00 | A | 74,107 | D | |
| CBS Class B common stock | Feb 20, 2015 | F | 484 | $59.50 | D | 73,623 | D | |
| CBS Class B common stock | holding | — | — | — | 1,758 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F3 | $59.54 | Feb 19, 2015 | A | 13,950 | A | Feb 19, 2016 | Feb 19, 2023 | CBS Class B common stock | 13,950 | 13,950 | D |
| Restricted Share UnitsF4,F5 | — | Feb 19, 2015 | A | 2,771 | A | Feb 19, 2016 | — | CBS Class B common stock | 2,771 | 2,771 | D |
| Restricted Share UnitsF4,F6 | — | Feb 19, 2015 | A | 2,729 | A | Feb 20, 2015 | — | CBS Class B common stock | 2,729 | 5,232 | D |
| Restricted Share UnitsF4,F6 | — | Feb 20, 2015 | M | 1,306 | D | Feb 20, 2015 | — | CBS Class B common stock | 1,306 | 3,926 | D |
Explanation of responses
- F1On February 20, 2015, the closing price of the CBS Class B common stock on the NYSE was $59.50.
- F2Right to buy under Issuer's long term incentive plan.
- F3This option vests in four equal annual installments beginning on February 19, 2016.
- F4Granted under the Issuer's long term incentive plan.
- F5These Restricted Share Units vest in four equal annual installments beginning on February 19, 2016 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F6These Restricted Share Units vest in four equal annual installments beginning on February 20, 2015 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F7On February 19, 2015, the performance target associated with these Restricted Share Units was certified as having been achieved.