NORFOLK SOUTHERN CORP 4
4 · NORFOLK SOUTHERN CORP · Filed Nov 25, 2014
Insider Transaction Report
Form 4
SEALE DONALD W
Exec. V.P. and CMO
Transactions
- Sale
Common Stock
2014-11-24$116.13/sh−32,030$3,719,644→ 199,272 total - Exercise/Conversion
Common Stock
2014-11-24$50.74/sh+32,030$1,625,202→ 231,302 total - Exercise/Conversion
Option (right to buy, granted 2008)
2014-11-24−32,030→ 0 totalExercise: $50.74From: 2011-01-24Exp: 2018-01-23→ Common Stock (32,030 underlying)
Holdings
- 21.528(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.99 to $116.32, inclusive.
- [F2]Represents 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 November 24, 2014, 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.
- [F3]Reflects 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).