SEC Form 4 · accession 0001225208-17-014971
CBS CORP · CBS, CBS.A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gil D Schwartz
Officer — Sr.EVP, Chief Commun. Officer
Period of report
Sep 11, 2017
Accepted (ET)
Sep 13, 2017 · 6:54 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 | Sep 11, 2017 | M | 47,431 | $23.19 | A | 102,483 | D | |
| CBS Class B common stockF1 | Sep 11, 2017 | S | 54,131 | $58.4029 | D | 48,352 | D | |
| CBS Class B common stock | holding | — | — | — | 4,722 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2,F3 | $23.19 | Sep 11, 2017 | M | 47,431 | D | Mar 1, 2012 | Mar 1, 2019 | CBS Class B common stock | 47,431 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.17 to $58.67, inclusive. The reporting person undertakes to provide upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2Right to buy under Issuer's long term incentive plan.
- F3Current. This option vested in four equal installments beginning on March 1, 2012.