SEC Form 4 · accession 0001225208-16-027704
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph R Ianniello
Officer — Chief Operating 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 | 53,770 | $0.00 | A | 272,431 | D | |
| CBS Class B common stock | Feb 19, 2016 | F | 30,100 | $45.09 | D | 242,331 | D | |
| CBS Class B common stockF2 | Feb 20, 2016 | M | 31,819 | $0.00 | A | 274,150 | D | |
| CBS Class B common stock | Feb 20, 2016 | F | 17,812 | $45.09 | D | 256,338 | D | |
| CBS Class B common stock | holding | — | — | — | 4,061 | I | By 401(k) | |
| CBS Class B common stockF3 | holding | — | — | — | 2,352 | I | By Spouse - 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4,F5 | — | Feb 19, 2016 | M | 53,770 | D | Feb 19, 2016 | — | CBS Class B common stock | 53,770 | 161,318 | D |
| Restricted Share UnitsF4,F6 | — | Feb 20, 2016 | M | 31,819 | D | Feb 20, 2015 | — | CBS Class B common stock | 31,819 | 63,641 | 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.
- F3The Reporting Person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purposes.
- F4Granted under the Issuer's long term incentive plan.
- 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.
- F6These 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.