SEC Form 4 · accession 0001225208-18-004486
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
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 8:32 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 | 3,757 | $0.00 | A | 57,899 | D | |
| CBS Class B common stock | Feb 23, 2018 | F | 2,007 | $55.12 | D | 55,892 | D | |
| CBS Class B common stock | holding | — | — | — | 4,757 | 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 | — | Feb 23, 2018 | M | 3,757 | D | Feb 23, 2018 | — | CBS Class B common stock | 3,757 | 11,277 | D |
Explanation of responses
- F1On February 23, 2018, the closing price of the CBS Class B common stock on the NYSE was $55.12.
- F2Granted under the Issuer's long term incentive plan.
- F3These 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.