SEC Form 4 · accession 0001225208-18-004480
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
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 8:30 pm EST
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 | Feb 23, 2018 | M | 16,443 | $0.00 | A | 404,835 | D | |
| CBS Class B common stock | Feb 23, 2018 | F | 8,778 | $55.12 | D | 396,057 | D | |
| CBS Class B common stock | holding | — | — | — | 4,140 | I | By 401(k) | |
| CBS Class B common stockF2 | holding | — | — | — | 2,398 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Feb 23, 2018 | M | 16,443 | D | Feb 23, 2018 | — | CBS Class B common stock | 16,443 | 49,334 | D |
Explanation of responses
- F1On February 23, 2018, the closing price of the CBS Class B common stock on the NYSE was $55.12.
- 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.
- F3Granted under the Issuer's long term incentive plan.
- F4These 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.