SEC Form 4 · accession 0001225208-16-031120
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shari Redstone
Officer — Vice Chair · Director
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
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Class A Common Stock UnitsF1 | — | Apr 1, 2016 | A | 246 | A | — | — | CBS Class A common stock | 246 | 12,769 | D |
| Phantom Class B Common Stock UnitsF1 | — | Apr 1, 2016 | A | 261 | A | — | — | CBS Class B common stock | 261 | 12,910 | D |
Explanation of responses
- F1Reporting Person has elected to defer payment of Board/Committee fees, as applicable, pursuant to the Issuer's deferred compensation arrangement for directors. Deferred amounts (including any cash dividends credited during the previous quarter) are deemed invested quarterly in the number of Phantom Common Stock Units equal to the number of shares of Class A and Class B Common Stock that such amounts would have purchased when converted. Phantom Common Stock Units are paid out after the Director's retirement from the Board and are settled in cash.