SEC Form 4 · accession 0001209191-16-146262
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
Oct 17, 2016
Accepted (ET)
Oct 19, 2016 · 10:40 am 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 | Oct 17, 2016 | S | 128,000 | $30.97 | D | 74,539 | I | Michael Ward Revocable Trust |
| Common StockF1 | Oct 17, 2016 | S | 172,000 | $30.97 | D | 0 | I | Michael Ward GRAT #3 |
| Common Stock | holding | — | — | — | 198,742 | D | ||
| Common StockF2 | holding | — | — | — | 397,303 | I | CSX Corporation Executive Stock Trust | |
| Common StockF3 | holding | — | — | — | 14,872 | 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 StockF5,F4,F6 | — | Sep 15, 2016 | A | 80 | A | — | — | Common Stock | 80 | 13,130 | I |
Explanation of responses
- F1By Michael Ward, Trustee
- 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.
- F5Reflects units of phantom stock acquired through the dividend reinvestment feature of the CSX Corporation Executive Deferred Compensation Plan.
- F6By Trustee, CSX Corporation Executive Deferred Compensation Plan.