CBS CORP 4
4 · CBS CORP · Filed Feb 17, 2017
Insider Transaction Report
Form 4
CBS CORPCBS, CBS.A
GIFFORD CHARLES K
Director
Transactions
- Award
CBS Class B common stock
2017-02-15+153→ 65,180 total - Exercise/Conversion
CBS Class B common stock
2017-02-15+4,632→ 65,027 total - Exercise/Conversion
Restricted Share Units
2017-02-15−4,632→ 0 totalFrom: 2017-02-15→ CBS Class B common stock (4,632 underlying) - Award
Restricted Share Units
2017-02-15+3,066→ 3,066 totalFrom: 2018-02-15→ CBS Class B common stock (3,066 underlying)
Holdings
- 1,500(indirect: By Trust)
CBS Class B common stock
Footnotes (6)
- [F1]Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled upon vesting of Restricted Share Units, receipt of which the Reporting Person has elected to defer.
- [F2]On February 15, 2017, the closing price of the CBS Class B common stock on the NYSE was $65.24.
- [F3]Represents shares of the Issuer's Class B common stock to which the Reporting Person became entitled with respect to (i) dividend equivalents accrued prior to vesting of Restricted Share Units, receipt of which the Reporting Person has elected to defer; and (ii) dividend equivalents accrued on previously vested Restricted Share Units for which settlement has been deferred.
- [F4]Granted under the Issuer's Equity Plan for Outside Directors.
- [F5]The Restricted Share Units, which were granted on February 15, 2016, vested on February 15, 2017 and will be settled by delivery of a corresponding number of shares of the Issuer's Class B Common Stock. The Reporting Person has elected to defer receipt of such shares of Class B Common Stock.
- [F6]The Restricted Share Units will vest on February 15, 2018 and will be settled by delivery of a corresponding number of shares of the Issuer's Class B Common Stock upon vesting, unless the Reporting Person has elected to defer settlement.