NORFOLK SOUTHERN CORP 4
4 · NORFOLK SOUTHERN CORP · Filed Dec 13, 2006
Insider Transaction Report
Form 4
OBRIEN JANE MARGARET
Director
Transactions
- Award
Dir. Def. Stock Unit Prog.
2006-12-11$50.73/sh+122$6,190→ 34,506 total→ Common Stock (122 underlying) - Award
Deferred Stock Units-Dir. Def. Fee Plan
2006-12-11$50.95/sh+3$153→ 753 total→ Common Stock (3 underlying)
Holdings
- 3,000
Common Stock
Footnotes (2)
- [F1]Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Directors' Deferred Fee Plan in the form of a deemed reinvestment of dividends on deferred stock units held under the plan, calculated on the basis of the market value of the company's common stock on the dividend payment date. These 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 plan.
- [F2]Reports the number of deferred stock units credited to the reporting person's account in the Norfolk Southern Corporation Outside Directors' Deferred Stock Unit Program in the form of dividend equivalent payments on deferred stock units held under the plan, calculated on the basis of the market value of the company's common stock on the dividend payment date. These 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 plan.