SEC Form 4 · accession 0001225208-16-027701
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gil D Schwartz
Officer — Sr.EVP, Chief Commun. Officer
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 8:52 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 19, 2016 | M | 3,496 | $0.00 | A | 54,095 | D | |
| CBS Class B common stock | Feb 19, 2016 | F | 1,958 | $45.09 | D | 52,137 | D | |
| CBS Class B common stockF2 | Feb 20, 2016 | M | 3,210 | $0.00 | A | 55,347 | D | |
| CBS Class B common stock | Feb 20, 2016 | F | 1,798 | $45.09 | D | 53,549 | D | |
| CBS Class B common stock | holding | — | — | — | 4,666 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Feb 19, 2016 | M | 3,496 | D | Feb 19, 2016 | — | CBS Class B common stock | 3,496 | 10,496 | D |
| Restricted Share UnitsF3,F5 | — | Feb 20, 2016 | M | 3,210 | D | Feb 20, 2015 | — | CBS Class B common stock | 3,210 | 6,421 | D |
Explanation of responses
- F1On February 19, 2016, the closing price of the CBS Class B common stock on the NYSE was $45.09.
- F2On February 19, 2016, the last preceding business day, the closing price of the CBS Class B common stock on the NYSE was $45.09.
- F3Granted under the Issuer's long term incentive plan.
- F4These 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.
- F5These 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.