SEC Form 4 · accession 0001209191-15-041218
CSX CORP · CSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Ward
Officer — Chairman and CEO · Director
Period of report
May 7, 2015
Accepted (ET)
May 11, 2015 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000277948
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 7, 2015 | F | 27,593 | $35.91 | D | 571,516 | D | |
| Common StockF2 | holding | — | — | — | 397,303 | I | CSX Corporation Executive Stock Trust | |
| Common StockF3 | holding | — | — | — | 14,305 | I | CSX Corporation 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 12,639 | 12,640 | I |
Explanation of responses
- F1Withholding of stock to satisfy tax obligation.
- F2By Trustee, CSX Corporation Executive Stock Trust.
- F3By Trustee, CSX Tax Savings Thrift Plan. The number reflects equivalent shares of cash value held in CSX Stock Fund, which amounts will fluctuate dependent upon daily net asset value of the fund.
- F4Each unit of phantom stock is the economic equivalent of one share of Company common stock. Units of phantom stock become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral.
- F5The number of shares reflected in the Form 4 filed on March 25, 2015 were transposed as 12,851 when the correct number should have been 12,581. A dividend payment resulted in the acquisition of 58 notional shares on March 13, 2015, resulting in a total of 12,639 shares.