SEC Form 4 · accession 0001225208-16-029951
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 14, 2016
Accepted (ET)
Mar 15, 2016 · 8:31 pm EDT
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 stock | Mar 14, 2016 | M | 33,975 | $29.44 | A | 295,725 | D | |
| CBS Class B common stock | Mar 14, 2016 | S | 33,975 | $52.69 | D | 261,750 | D | |
| CBS Class B common stock | holding | — | — | — | 4,061 | I | By 401(k) | |
| CBS Class B common stockF2 | 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)F3,F4 | $29.44 | Mar 14, 2016 | M | 33,975 | D | Feb 23, 2013 | Feb 23, 2020 | CBS Class B common stock | 33,975 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F2The 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.
- F3Right to buy under Issuer's long term incentive plan.
- F4This option vests in four equal annual installments beginning February 23, 2013.