SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

YOUNG M DOUGLAS

(Last)

(First)

(Middle)

C/O GENESEE & WYOMING INC.

66 FIELD POINT ROAD

(Street)

GREENWICH

06830

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GENESEE & WYOMING INC [ GWR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, $.01 par value	08/05/2004		A		2,000⁽¹⁾	A	$0	2,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$3.2593							07/30/2002	07/29/2009	Class A Common Stock, $.01 par value	6,750⁽²⁾		6,750⁽²⁾	D
Stock Option (Right to Buy)	$4.4445							04/14/2003	04/13/2010	Class A Common Stock, $.01 par value	3,375⁽²⁾		3,375⁽²⁾	D
Stock Option (Right to Buy)	$5.5555							07/30/2003	07/29/2010	Class A Common Stock, $.01 par value	3,375⁽²⁾		3,375⁽²⁾	D
Stock Option (Right to Buy)	$11.7778							07/30/2004	07/29/2011	Class A Common Stock, $.01 par value	3,375⁽²⁾		3,375⁽²⁾	D
Phantom Stock Units	$0							⁽³⁾	⁽³⁾	Class A Common Stock, $.01 par value	2,777.49⁽³⁾		2,777.49⁽³⁾	D
Phantom Stock Units	$0							⁽³⁾	⁽³⁾	Class A Common Stock, $.01 par value	4,590.88⁽³⁾		4,590.88⁽³⁾	D
Phantom Stock Units	$0							⁽³⁾	⁽³⁾	Class A Common Stock, $.01 par value	8,473.31⁽³⁾		8,473.31⁽³⁾	D
Phantom Stock Units	$0							⁽³⁾	⁽³⁾	Class A Common Stock, $.01 par value	5,653.84⁽³⁾		5,653.84⁽³⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,412.67⁽⁴⁾		1,412.67⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,562.5⁽⁴⁾		1,562.5⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,734.1⁽⁴⁾		1,734.1⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	224.28⁽⁴⁾		224.28⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,317.77⁽⁴⁾		1,317.77⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,561.05⁽⁴⁾		1,561.05⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁴⁾	⁽⁴⁾	Class A Common Stock, $.01 par value	1,004.11⁽⁴⁾		1,004.11⁽⁴⁾	D
Phantom Stock Unit	$0							⁽⁵⁾	⁽⁵⁾	Class A Common Stock, $.01 par value	1,278.71⁽⁵⁾		1,278.71⁽⁵⁾	D

Explanation of Responses:

1. This restricted stock unit award was granted under the Genesee & Wyoming Inc. 2004 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3. Each restricted stock unit represents the right to receive one share of Genesee & Wyoming Inc. Class A Common Stock. The restricted stock units vest pro rata with respect to one-half of the shares subject to the restricted stock unit award on the date of each of the next two annual meetings of stockholders. As the restricted stock units vest, the corresponding number of shares of Class A Common Stock will be issued to Mr. Young.

2. This option was previously reported by Mr. Young.

3. These aggregated Phantom Stock Units were previously reported by Mr. Young. The Units were credited to Mr. Young's account under the Issuer's Deferred Stock Plan for Non-Employee Directors. The Units are to be settled in the Issuer's Common Stock on a deferred basis pursuant to Mr. Young's prior election.

4. This Phantom Stock Unit was previously reported by Mr. Young. The Unit was credited to Mr. Young's account under the Issuer's Deferred Stock Plan for Non-Employee Directors. The Unit is to be settled in the Issuer's Common Stock on a deferred basis pursuant to Mr. Young's prior election.

5. This Phantom Stock Unit was previously reported by Mr. Young. The Unit was credited to Mr. Young's account under the Issuer's 2004 Omnibus Incentive Plan. The Unit is to be settled in the Issuer's Common Stock on a deferred basis pursuant to Mr. Young's prior election.

Remarks:

	Thomas P. Loftus, Attorney-in-fact for M. Douglas Young	08/09/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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