SEC Form 4 · accession 0001225208-16-025157
NORFOLK SOUTHERN CORP · NSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marta R Stewart
Officer — EVP-Finance and CFO
Period of report
Jan 27, 2016
Accepted (ET)
Jan 29, 2016 · 3:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000702165
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 27, 2016 | M | 1,000 | $0.00 | A | 9,047 | D | |
| Common StockF2 | Jan 27, 2016 | F | 412 | $69.32 | D | 8,635 | D | |
| Common StockF3 | holding | — | — | — | 2,737 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 17,966 | I | By GRATs | |
| Common Stock | holding | — | — | — | 9,847 | I | By Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Jan 27, 2016 | M | 1,000 | D | Jan 27, 2016 | Jan 27, 2016 | Common Stock | 1,000 | 0 | D |
Explanation of responses
- F1Represents shares earned by the reporting person that were originally granted as restricted stock units on January 27, 2011, under the Corporation's Long-Term Incentive Plan (a Rule 16b-3 plan).
- F2Excludes 17,966 shares which remain held indirectly in grantor retained annuity trusts (GRATs), previously held directly.
- F3Represents the approximate number of whole shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of January 27, 2016, to have been credited to the reporting person's account in the Norfolk Southern Corporation Thrift and Investment Plan (TIP), a trusteed 401(k) plan. In accordance with TIP's terms applicable to all participants, acquisitions were made at various times and at various prices.