FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

COUNTRYMAN GARY L
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
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

51 WEST 52ND STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

11/18/2019
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/18/2019  M  5093.0000 A$12.9300 68570.0000 (1)D  
CBS Class B common stock 11/18/2019  S  200.0000 D$38.8850 68370.0000 D  
CBS Class B common stock 11/18/2019  S  4893.0000 D$38.8900 63477.0000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Director Stock Option (right to buy) (2)$12.9300 11/18/2019  M     5093.0000  1/31/2011 (3)1/31/2020 CBS Class B common stock 5093.0000 $0.0000 0.0000 D  

Explanation of Responses:
(1) Includes shares acquired periodically pursuant to a dividend reinvestment program meeting the requirements of Rule 16a-11.
(2) Right to buy under Issuer's stock option plan for outside directors.
(3) These options vested in three equal annual installments beginning on January 31, 2011.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
COUNTRYMAN GARY L
51 WEST 52ND STREET
NEW YORK, NY 10019
X



Signatures
/s/ Kimberly D. Pittman, Attorney-in-fact11/19/2019
**Signature of Reporting PersonDate

CBS (NYSE:CBS.A)
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