SEC Form 4 · accession 0001225208-18-004056
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
Feb 22, 2018
Accepted (ET)
Feb 23, 2018 · 8:46 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $54.32 | Feb 22, 2018 | A | 109,116 | A | Feb 22, 2019 | Feb 22, 2026 | CBS Class B common stock | 109,116 | 109,116 | D |
| Restricted Share UnitsF3,F4 | — | Feb 22, 2018 | A | 21,815 | A | Feb 22, 2019 | — | CBS Class B common stock | 21,815 | 21,815 | D |
| Restricted Share UnitsF3,F5 | — | Feb 22, 2018 | A | 17,054 | A | Feb 23, 2018 | — | CBS Class B common stock | 17,054 | 32,888 | D |
Explanation of responses
- F1Right to buy under Issuer's long term incentive plan.
- F2This option vests in four equal annual installments beginning on February 22, 2019.
- F3Granted under the Issuer's long term incentive plan.
- F4These Restricted Share Units vest in four equal annual installments beginning on February 22, 2019 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F5These Restricted Share Units vest in four equal annual installments beginning on February 23, 2018 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F6On February 22, 2018, the performance target associated with these Restricted Share Units was certified as having been achieved.