SEC Form 4 · accession 0001225208-16-029487
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
Mar 7, 2016
Accepted (ET)
Mar 8, 2016 · 8:53 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 | Mar 1, 2016 | G | 1,990 | $0.00 | D | 261,750 | D | |
| CBS Class B common stock | Mar 7, 2016 | M | 33,975 | $29.44 | A | 295,725 | D | |
| CBS Class B common stock | Mar 7, 2016 | S | 33,975 | $50.89 | D | 261,750 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F5 | $29.44 | Mar 7, 2016 | M | 33,975 | D | Feb 23, 2013 | Feb 23, 2020 | CBS Class B common stock | 33,975 | 33,975 | D |
Explanation of responses
- F1Bona fide gift by the Reporting Person to a 501(c)(3) charitable organization for no consideration.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- 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.
- F4Right to buy under Issuer's long term incentive plan.
- F5This option vests in four equal annual installments beginning February 23, 2013.