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Form 4 CBS CORP For: May 11 Filed by: REDSTONE SHARI

May 13, 2015 8:32 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
REDSTONE SHARI

(Last) (First) (Middle)
51 WEST 52ND STREET

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CBS CORP [ CBS, CBS.A ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Vice Chair
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
CBS Class B common stock 05/11/2015   M   5,093 A $ 31.17 59,437 D  
CBS Class B common stock 05/11/2015   M   5,093 A $ 26.13 64,530 D  
CBS Class B common stock 05/11/2015   M   5,093 A $ 25.2 69,623 D  
CBS Class B common stock 05/11/2015   M   5,093 A $ 19.83 74,716 D  
CBS Class B common stock 05/11/2015   M   5,093 A $ 12.93 79,809 D  
CBS Class B common stock 05/11/2015   M   5,093 A $ 5.72 84,902 D  
CBS Class B common stock               1,500 I By Trusts
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option (right to buy) (1) $ 26.13 05/11/2015   M     5,093   (2) 01/31/2016 CBS Class B common stock 5,093 $ 0 0 D  
Director Stock Option (right to buy) (1) $ 31.17 05/11/2015   M     5,093   (2) 01/31/2017 CBS Class B common stock 5,093 $ 0 0 D  
Director Stock Option (right to buy) (1) $ 25.2 05/11/2015   M     5,093   (2) 01/31/2018 CBS Class B common stock 5,093 $ 0 0 D  
Director Stock Option (right to buy) (1) $ 5.72 05/11/2015   M     5,093   (2) 01/31/2019 CBS Class B common stock 5,093 $ 0 0 D  
Director Stock Option (right to buy) (1) $ 12.93 05/11/2015   M     5,093   (2) 01/31/2020 CBS Class B common stock 5,093 $ 0 0 D  
Director Stock Option (right to buy) (1) $ 19.83 05/11/2015   M     5,093   (2) 01/31/2021 CBS Class B common stock 5,093 $ 0 0 D  
Explanation of Responses:
1. Right to buy under Issuer's stock option plan for outside directors.
2. Current.
/s/ Angeline C. Straka, Attorney-in-fact 05/13/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


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