OBRIEN JANE MARGARET 4
4 · NORFOLK SOUTHERN CORP · Filed Dec 13, 2004
Insider Transaction Report
Form 4
OBRIEN JANE MARGARET
Director
Transactions
- Award
Deferred Stock Units
2004-12-10$35.03/sh+75$2,627→ 26,613 total→ Common Stock (75 underlying) - Award
Deferred Stock Units-Def. Compensation
2004-12-10$35.10/sh+15$527→ 5,226 total→ Common Stock (15 underlying)
Holdings
- 3,000
Common Stock
Footnotes (2)
- [F1]Reports the number of deferred stock units--on the basis of the market value of the Common Stock on the dividend payment date--to have been credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan. These deferred stock units ultimately will be satisfied in cash, not in shares of Common Stock, upon the reporting person's retirement or at such other time as may be elected under the terms of the Directors' Deferred Fee Plan.
- [F2]Reports the number of Deferred Stock Units, exempt under Section 16b(3), credited to the account of the reporting person as of December 10, 2004, under the terms of the Outside Directors' Deferred Stock Unit Program, on the basis of the market value of the Common Stock on the dividend payment date. These Units ultimately will be satisfied in cash, not in shares of Common Stock.