CBS CORP 4
4 · CBS CORP · Filed Nov 19, 2015
Insider Transaction Report
Form 4
CBS CORPCBS, CBS.A
REDSTONE SUMNER M
DirectorExecutive Chairman10% Owner
Transactions
- Conversion
CBS Class A common stock
2015-11-17−100,000→ 30,010,899 total(indirect: By NAI, NAI EH and NAI AH.) - Conversion
CBS Class B common stock
2015-11-17+100,000→ 9,343,800 total(indirect: By NAI, NAI EH and NAI AH.) - Gift
CBS Class B common stock
2015-11-17−100,000→ 9,243,800 total(indirect: By NAI, NAI EH and NAI AH.)
Holdings
- 202,493
CBS Class B common stock
- 40
CBS Class A common stock
Footnotes (4)
- [F1]Shares of Class A Common Stock were converted to shares of Class B Common Stock on a one-to-one basis for no consideration pursuant to the terms of the Class A Common Stock under the Issuer's Amended and Restated Certificate of Incorporation.
- [F2]Of these securities, (i) 21,479,772 shares are owned directly by National Amusements, Inc. (NAI); (ii) 8,251,064 shares are owned directly by NAI Entertainment Holdings LLC (NAI EH); and (iii) 280,063 shares are owned by NAI Asset Holdings LLC (NAI AH). NAI EH and NAI AH are each wholly-owned subsidiaries of NAI. The shares owned directly by NAI EH and NAI AH may also be deemed to be beneficially owned by NAI, and such shares, as well as the shares owned directly by NAI, may also be deemed to be beneficially owned by Sumner M. Redstone, who is the controlling stockholder of NAI. Since the date of the Reporting Persons' last Form 4 report, a portion of the shares previously reported as directly owned by NAI were transferred to NAI AH, for no consideration in connection with an internal reorganization.
- [F3]Of these securities, (i) 5,800,000 shares are owned directly by NAI EH and (ii) 3,443,800 shares are owned directly by NAI AH. The shares owned directly by NAI EH and NAI AH may also be deemed to be beneficially owned by NAI, and such shares may also be deemed to be beneficially owned by Sumner M. Redstone, who is the controlling stockholder of NAI. Since the date of the Reporting Persons' last Form 4 report, shares previously reported as directly owned by NAI were transferred to NAI AH, for no consideration in connection with an internal reorganization.
- [F4]Bona fide gifts by National Amusments Inc. to charitable foundations for no consideration.