CBS CORP 4
4 · CBS CORP · Filed Jul 5, 2017
Insider Transaction Report
Form 4
CBS CORPCBS, CBS.A
CALIFANO JOSEPH A
Director
Transactions
- Award
Phantom Class B Common Stock Units
2017-07-01$63.78/sh+15$957→ 3,223 total→ CBS Class B common stock (15 underlying) - Award
Phantom Class A Common Stock Units
2017-07-01$64.81/sh+14$907→ 3,196 total→ CBS Class A common stock (14 underlying)
Footnotes (1)
- [F1]Reporting Person has elected to defer payment of Board/Committee fees, as applicable, pursuant to the Issuer's deferred compensation arrangement for directors. The relevant deferred amounts (including any cash dividends credited during the previous quarter) are deemed invested quarterly in the number of Phantom Common Stock Units equal to the number of shares of Class A and Class B Common Stock that such amounts would have purchased when converted. Phantom Common Stock Units are paid out after the Director's retirement from the Board and are settled in cash.