SEC Form 4 · accession 0001225208-15-006815

CBS CORP · CBS, CBS.A

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

Reporting owner

Officer — Executive Chairman · Director · 10% Owner

Period of report

Mar 2, 2015

Accepted (ET)

Mar 4, 2015 · 6:30 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	Mar 2, 2015	M	98,814	$23.19	A	301,307	D
CBS Class B common stock^F1	Mar 2, 2015	S	98,814	$59.7779	D	202,493	D
CBS Class B common stock^F2	holding	—	—		—	9,430,250	I	By NAI and NAI EH

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F3,F4	$23.19	Mar 2, 2015	M	98,814	D	Mar 1, 2012	Mar 1, 2019	CBS Class B common stock	98,814	0	D

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.45 to $60.23, 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.
F2Of these securities, (i) 3,630,250 shares are owned directly by National Amusements Inc. (NAI) and (ii) 5,800,000 shares are owned directly by NAI Entertainment Holdings LLC (NAI EH). The shares owned directly by NAI EH may also be deemed to be beneficially owned by NAI, and such shares, as well as the shares owned directly by NAI, may also be deemed to be beneficially owned by Sumner M. Redstone, who is the controlling stockholder of NAI.
F3Right to buy under Issuer's long term incentive plan.
F4This option vested in four equal annual installments beginning March 1, 2012.