SEC Form 4 · accession 0001225208-16-027158
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 18, 2016
Accepted (ET)
Feb 19, 2016 · 8:55 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $45.79 | Feb 18, 2016 | A | 22,913 | A | Feb 18, 2017 | Feb 18, 2024 | CBS Class B common stock | 22,913 | 22,913 | D |
| Restricted Share UnitsF3,F4 | — | Feb 18, 2016 | A | 4,586 | A | Feb 18, 2017 | — | CBS Class B common stock | 4,586 | 4,586 | D |
| Restricted Share UnitsF3,F5 | — | Feb 18, 2016 | A | 2,929 | A | Feb 19, 2016 | — | CBS Class B common stock | 2,929 | 5,700 | D |
Explanation of responses
- F1Right to buy under Issuer's long term incentive plan.
- F2This option vests in four equal annual installments beginning on February 18, 2017.
- F3Granted under the Issuer's long term incentive plan.
- F4These Restricted Share Units vest in four equal annual installments beginning on February 18, 2017 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- 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.
- F6On February 18, 2016, the performance target associated with these Restricted Share Units was certified as having been achieved.