SEC Form 4 · accession 0001225208-15-015226
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederic V Salerno
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 6:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813828
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Class A Common Stock UnitsF1 | — | Jul 1, 2015 | A | 44 | A | — | — | CBS Class A common stock | 44 | 17,001 | D |
| Phantom Class B Common Stock UnitsF1 | — | Jul 1, 2015 | A | 46 | A | — | — | CBS Class B common stock | 46 | 17,079 | D |
Explanation of responses
- F1Represents cash dividends credited during the previous quarter on amounts previously deferred pursuant to the Issuer's deferred compensation arrangement for directors. Such amounts are deemed invested quarterly in the number of Phantom Common Stock Units equal to the number of shares of Class A and Class B Common Stock that such amounts would have purchased when converted. Phantom Common Stock Units are paid out after the Director's retirement from the Board and are settled in cash.