SEC Form 4 · accession 0001225208-16-041430
NORFOLK SOUTHERN CORP · NSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia C Earhart
Officer — Exec. VP - Admin. and CIO
Period of report
Nov 8, 2016
Accepted (ET)
Nov 10, 2016 · 9:58 am 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 Stock | Nov 8, 2016 | M | 4,530 | $50.74 | A | 4,530 | D | |
| Common Stock | Nov 8, 2016 | S | 4,530 | $96.175 | D | 0 | D | |
| Common Stock | Nov 9, 2016 | M | 4,417 | $38.705 | A | 4,417 | D | |
| Common Stock | Nov 9, 2016 | S | 4,417 | $99.0035 | D | 0 | D | |
| Common Stock | holding | — | — | — | 6,071 | I | By GRATs | |
| Common Stock | holding | — | — | — | 46,717 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy, granted 2008)F1 | $50.74 | Nov 8, 2016 | M | 4,530 | D | Jan 24, 2011 | Jan 23, 2018 | Common Stock | 4,530 | 1,970 | D |
| Option (right to buy, granted 2009)F1 | $38.705 | Nov 9, 2016 | M | 4,417 | D | Jan 29, 2013 | Jan 28, 2019 | Common Stock | 4,417 | 2,583 | D |
Explanation of responses
- F1Reflects exercise and resulting cancellation of stock option, in a single transaction, exempt from Section 16(b). The stock option was granted under the Long-Term Incentive Plan (a Rule 16b-3 plan).