SEC Form 4 · accession 0001225208-16-031118
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Tu
Officer — Sr.EVP, Chief Legal Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 6:53 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 stockF1 | Apr 1, 2016 | M | 77 | $0.00 | A | 28,035 | D | |
| CBS Class B common stockF1 | Apr 1, 2016 | M | 73 | $0.00 | A | 28,108 | D | |
| CBS Class B common stock | Apr 1, 2016 | F | 78 | $55.17 | D | 28,030 | D | |
| CBS Class B common stock | holding | — | — | — | 184 | 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 UnitsF2,F3 | — | Apr 1, 2016 | M | 73 | D | Apr 1, 2015 | — | CBS Class B common stock | 73 | 73 | D |
| Restricted Share UnitsF2,F4 | — | Apr 1, 2016 | M | 77 | D | Apr 1, 2016 | — | CBS Class B common stock | 77 | 154 | D |
| Restricted Share UnitsF2,F5 | — | Apr 1, 2016 | A | 249 | A | Apr 1, 2017 | — | CBS Class B common stock | 249 | 249 | D |
Explanation of responses
- F1On April 1, 2016, the closing price of the CBS Class B common stock on the NYSE was $55.17.
- F2Granted under the Issuer's long term incentive plan.
- F3The Restricted Share Units vest in three equal annual installments beginning on April 1, 2015 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F4The Restricted Share Units vest in three equal annual installments beginning on April 1, 2016 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F5The Restricted Share Units vest in three equal annual installments beginning on April 1, 2017 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.