SMITH DANIEL D 4
4 · NORFOLK SOUTHERN CORP · Filed May 4, 2010
Insider Transaction Report
Form 4
SMITH DANIEL D
S.V.P.-Energy and Properties
Transactions
- Sale
Common Stock
2010-04-30$60.10/sh−2,932$176,219→ 24,982 total - Exercise/Conversion
Common Stock
2010-04-30$34.10/sh+2,932$99,981→ 27,914 total - Exercise/Conversion
Option to buy (granted 2005)
2010-04-30−2,932→ 0 totalExercise: $34.10From: 2006-01-28Exp: 2015-01-27→ Common Stock (2,932 underlying)
Holdings
- 3,610.027(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Reports weighted average sale price of shares sold. The price range was $ 60.10 to $60.1027. The reporting person will provide, upon request by the Securities and Exchange Commission, the issurer or any security holder of the issuer, full information regarding the number of shares sold at each price.
- [F2]Represents the approximate number of shares of Common Stock estimated -- on the basis of the unit accounting system used by the Plan Administrator -- as of April 30, 2010, the last date on which a formal statement was available, 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).