SEC Form 4 · accession 0001225208-19-003589
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 21, 2019
Accepted (ET)
Feb 25, 2019 · 7:37 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 22, 2019 | M | 11,462 | $0.00 | A | 22,393 | D | |
| CBS Class B common stock | Feb 22, 2019 | F | 5,655 | $51.69 | D | 16,738 | D | |
| CBS Class B common stockF2 | Feb 23, 2019 | M | 8,224 | $0.00 | A | 24,962 | D | |
| CBS Class B common stock | Feb 23, 2019 | F | 4,058 | $51.69 | D | 20,904 | D | |
| CBS Class B common stock | holding | — | — | — | 191 | 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 UnitsF3,F4 | — | Feb 21, 2019 | A | 38,786 | A | Feb 21, 2020 | — | CBS Class B common stock | 38,786 | 38,786 | D |
| Restricted Share UnitsF3,F5 | — | Feb 21, 2019 | A | 24,041 | A | Feb 22, 2019 | — | CBS Class B common stock | 24,041 | 45,856 | D |
| Restricted Share UnitsF3,F5 | — | Feb 22, 2019 | M | 11,462 | D | Feb 22, 2019 | — | CBS Class B common stock | 11,462 | 34,394 | D |
| Restricted Share UnitsF3,F7 | — | Feb 23, 2019 | M | 8,224 | D | Feb 23, 2018 | — | CBS Class B common stock | 8,224 | 16,444 | D |
Explanation of responses
- F1On February 22, 2019, the closing price of the CBS Class B common stock on the NYSE was $51.69.
- F2On February 22, 2019, the last preceding business day, the closing price of the CBS Class B common stock on the NYSE was $51.69.
- F3Granted under the Issuer's long term incentive plan.
- F4These Restricted Share Units vest in four equal annual installments beginning on February 21, 2020 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 22, 2019 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.
- F6On February 21, 2019, the performance target associated with these Restricted Share Units was certified as having been achieved.
- F7These 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.