SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Anschell Jonathan

(Last)

(First)

(Middle)

51 WEST 52ND STREET

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2016

3. Issuer Name and Ticker or Trading Symbol
CBS CORP [ CBS, CBS.A ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Deputy GC and Secretary

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
CBS Class B common stock	764	I	By 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)⁽¹⁾	02/23/2016	02/23/2020	CBS Class B common stock	5,097	$29.44	D
Employee Stock Option (right to buy)⁽¹⁾	02/12/2016⁽²⁾	02/12/2021	CBS Class B common stock	7,699	$43.21	D
Employee Stock Option (right to buy)⁽¹⁾	02/19/2016⁽³⁾	02/19/2023	CBS Class B common stock	16,169	$59.54	D
Employee Stock Option (right to buy)⁽¹⁾	02/20/2016⁽⁴⁾	02/20/2022	CBS Class B common stock	13,987	$65.91	D
Restricted Share Units⁽⁵⁾	02/12/2016⁽⁶⁾	⁽⁶⁾	CBS Class B common stock	12,533	⁽⁶⁾	D
Restricted Share Units⁽⁵⁾	02/19/2016⁽⁷⁾	⁽⁷⁾	CBS Class B common stock	5,710	⁽⁷⁾	D
Restricted Share Units⁽⁵⁾	02/20/2016⁽⁸⁾	⁽⁸⁾	CBS Class B common stock	7,032	⁽⁸⁾	D
Restricted Share Units⁽⁵⁾	02/23/2016	⁽⁹⁾	CBS Class B common stock	3,692	⁽⁹⁾	D
Class B Phantom Common Stock Units	⁽¹⁰⁾	⁽¹⁰⁾	CBS Class B common stock	3,439	⁽¹⁰⁾	I	By Excess 401(k)

Explanation of Responses:

1. Right to buy under Issuer's long term incentive plan.

2. These options will vest in two equal annual installments beginning on February 12, 2016.

3. These options will vest in four equal annual installments beginning on February 19, 2016.

4. One quarter of these options are vested. The remaining options will vest in three equal annual installments beginning on February 20, 2016.

5. Granted under the Issuer's long term incentive plan.

6. These Restricted Share Units vest in two equal annual installments beginning on February 12, 2016 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.

7. These Restricted Share Units vest in four equal annual installments beginning on February 19, 2016 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.

8. These Restricted Share Units vest in three equal annual installments beginning on February 20, 2016 and are settled by delivery of a corresponding number of the Issuer's shares upon vesting.

9. These Restricted Share Units are settled by delivery of a corresponding number of the Issuer's shares upon vesting.

10. Class B Phantom common stock units are payable in cash following the Reporting Person's retirement or other termination of service pursuant to the Issuer's Excess 401(k) Plan for Designated Senior Executives. Each CBS Corporation Class B Phantom common stock unit is the economic equivalent of one share of CBS Corporation Class B common stock.

Remarks:

anschell-ex24.txt

	/s/ Jonathan Anschell	01/04/2016
	** 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 5 (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.