SEC Form 4 · accession 0001225208-16-026855
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnold Kopelson
Director
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 8:54 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 15, 2016 | M | 3,343 | $0.00 | A | 50,073 | D | |
| CBS Class B common stockF2,F1 | Feb 15, 2016 | A | 47 | $0.00 | A | 50,120 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Feb 15, 2016 | M | 3,343 | D | Feb 15, 2016 | — | CBS Class B common stock | 3,343 | 0 | D |
| Restricted Share UnitsF3,F5 | — | Feb 15, 2016 | A | 4,632 | A | Feb 15, 2017 | — | CBS Class B common stock | 4,632 | 4,632 | D |
Explanation of responses
- F1On February 12, 2016, the last preceding business day, the closing price of the CBS Class B common stock on the NYSE was $43.18.
- F2Acquired in connection with the settlement of Restricted Share Units upon which dividend equivalents accrued prior to vesting.
- F3Granted under the Issuer's Equity Plan for Outside Directors.
- F4The Restricted Share Units, which were granted on February 15, 2015, vested on February 15, 2016 and were settled by delivery of a corresponding number of shares of the Issuer's Class B Common Stock.
- F5The Restricted Share Units will vest on February 15, 2017 and will be settled by delivery of a corresponding number of shares of the Issuer's Class B Common Stock upon vesting, unless the Reporting Person has elected to defer settlement.