SEC Form 4 · accession 0001225208-17-017633
NORFOLK SOUTHERN CORP · NSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Hurlbut
Officer — Vice President and Controller
Period of report
Nov 22, 2017
Accepted (ET)
Nov 22, 2017 · 2:22 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 Stock | Nov 22, 2017 | M | 3,568 | $69.83 | A | 7,568 | D | |
| Common Stock | Nov 22, 2017 | M | 2,607 | $62.745 | A | 10,175 | D | |
| Common StockF2 | Nov 22, 2017 | S | 2,607 | $129.592 | D | 7,568 | D | |
| Common Stock | Nov 22, 2017 | S | 3,568 | $129.6209 | D | 4,000 | D |
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 2011)F1 | $62.745 | Nov 22, 2017 | M | 2,607 | D | Jan 27, 2015 | Jan 26, 2021 | Common Stock | 2,607 | 0 | D |
| Option (right to buy, granted 2013)F1 | $69.83 | Nov 22, 2017 | M | 3,568 | D | Jan 24, 2017 | Jan 23, 2023 | Common Stock | 3,568 | 1,432 | 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).
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 129.58 to 129.62, inclusive.