SEC Form 4 · accession 0001209191-16-097938
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
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 1:51 pm EST
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,F2 | Feb 10, 2016 | A | 87,277 | — | A | 704,599 | D | |
| Common StockF3 | holding | — | — | — | 397,303 | I | CSX Corporation Executive Stock Trust | |
| Common StockF4 | holding | — | — | — | 14,608 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option | $24.13 | Feb 10, 2016 | A | 495,595 | A | Feb 9, 2019 | Feb 9, 2026 | Common Stock | 495,595 | 495,595 | D |
Explanation of responses
- F1Restricted stock units awarded pursuant to the approved 2010 CSX Stock and Incentive Award Plan. Each unit represents a contingent right to receive one share of common stock. The units vest on February 9, 2019.
- F2In determining the number of units to be granted under the 2010 CSX Stock and Incentive Plan, the value of the award for the Reporting Person is divided by the average of CSX's stock price for the full three-month period preceding the date of grant.
- F3By Trustee, CSX Corporation Executive Stock Trust.
- F4By Trustee, CSX Corporation Savings Thrift Plan. Reflects equivalent shares of cash value held in CSX Stock Fund, which amounts will fluctuate dependent upon daily net asset value of the fund.